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.
Jack WelchFailing to differentiate among employees — and holding on to bottom-tier performers — is actually the cruelest form of management there is.
Jack WelchGlobalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas.
Jack Welch...I think that ideally that is how a company works. It becomes a place of ideas, not a place of position.
Jack WelchWhat the Commission is seeking cuts the heart out of the strategic rationale of our deal.
Jack WelchI think every leader has an obligation - the absolute obligation - to treat everyone fairly. But they also have the obligation to treat everyone differently. Because people aren't all the same, and the last thing you ever want to do, in my opinion, is let the best in your organization be treated like the worst in your organization. It does nothing for your future.
Jack Welch