The purpose of bureaucracy is to compensate for incompetence and lack of discipline.

Focusing solely on what you can potentially do better than any other organization is the only path to greatness.

True leadership has people who follow when they have the freedom not to.

People are not your most important asset....the right people are.

Good is the enemy of great. And that's one of the key reasons why we have so little that becomes great.

To have a Welch-caliber C.E.O. is impressive.To have a century of Welch-Caliber C.E.O.'s all grown from the inside - well, that is one key reason why G.E. is a visionary company.

Great companies foster a productive tension between continuity and change.