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

Strategy is simply resource allocation. When you strip away all the noise, that's what it comes down to. Strategy means making clear cut choices about how to compete. You cannot be everything to everybody, no matter what the size of your business or how deep its pockets.

Business is a game, and as with all games, the team that puts the best people on the field and gets them playing together wins. It's that simple.

The essence of competitiveness is liberated when we make people believe that what they think and do is important - and then get out of their way while they do it.

Nobody is too important to lead the initiative you say is important.

The record results for the third quarter once again demonstrate the ability of GE's diverse mix of leading global businesses to deliver top-line growth, increased margins and strong cash generation.

Any time there is change, there is opportunity. So it is paramount that an organization get energized rather than paralyzed.