The most important quality of leadership is intellectual honesty. The reality principle - the ability to see the world as it really is, not as you wish it were.
Jack WelchStrategy 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 WelchShort cycle business are being impacted by credit, and are being impacted by gasoline prices, food, distribution businesses, chemical business.
Jack Welch