Number one, cash is king... number two, communicate... number three, buy or bury the competition.
Jack WelchDrucker said: 'If you weren't already in this business, would you enter it today? And if not, what are you going to do about it?' ... Simple, right? But incredibly powerful.
Jack WelchFailing to differentiate among employees โ and holding on to bottom-tier performers โ is actually the cruelest form of management there is.
Jack WelchIf work is just going in every day and getting a check, it's an ugly life. When you can make work a meaningful purpose, you've hit the jackpot for people.
Jack WelchNothing is worse than the person in their 40s who says, 'I'm not going to learn this.' 'I don't carry an iPad.' That will label you and put you right in the corner. Some people do it as a badge of honor. I've seen them myself, they walk around bragging [about not knowing much about technology].
Jack Welch