Out-innovating them is the way to beat China. And to do everything that we do in this country to support innovative policy, that drives innovation and new products and more jobs and creates jobs. You can't - you can't put a wall up around here. We tried that in the '30s. It didn't work.

Hierarchy is an organization with its face toward the CEO and its ass toward the customer.

GE's businesses turned in a terrific first quarter. Our products and services are being well received in unusually robust global markets.

No company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve it.

When it comes to strategy, ponder less and do more.

People aren't the same. Business is, in my opinion, all about the team that fields the best players. It's not about an idea. An idea goes away. Somebody catches up with it. It's not about a widget.

What Sam Walton did was to go into one of the most mature industries of all and find a way to make it grow, grow, grow, double-digit, month after month, year after year. He did it by innovation, customer focus, and above all, speed.