The main point is first get the right people on the bus (and wrong people off the bus) before you figure out where to drive it. The second key point is the degree of sheer rigor in people decisions in order to take a company from Good to Great.

Whether you prevail or fail depends more on what you do to yourself than on what the world does to you.

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.

Just because a company falls doesn't invalidate what we can learn by studying that company when it was at its historical best.

If you have a charismatic cause you don't need to be a charismatic leader.

In a world of constant change, the fundamentals are more important than ever.

That good is the enemy of great is not just a business problem. It is a human problem.