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Jack Welch Biography

John Francis "Jack" Welch Jr. (born November 19, 1935) is an American retired business executive, author, and chemical engineer. He was chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company's value rose 4,000%. In 2006, Welch's net worth was estimated at $720 million. When he retired from GE he received a severance payment of $417 million, the largest such payment in history.

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Jack Welch Quotes

Don't take a job because your mother wants you to. Don't be a victim. You own your decision.

Decision, Job, Jobs, Mother, Take

It's the internet like the flu - it just spreads like crazy.

Crazy, Flu, Internet, Spreads

Keep learning; don't be arrogant by assuming that you know it all, that you have a monopoly on the truth; always assume that you can learn something from someone else.

Arrogant, Assume, Assuming, Learning, Monopoly

Ideally, the star will be replaced within eight hours. This sends the message that no single individual is bigger than the company.

Eight, Ideally, Message, Sends, Stars, Team

All of management is about self-confidence

Management, Self, Self Confidence

Ninety-nine point nine percent of all employees are in the pile because they don't think.

Employees, Inspirational, Nine, Ninety Nine, Pile, Thinking

You can't grow long-term if you can't eat short-term. Anybody can manage short. Anybody can manage long. Balancing those two things is what management is.

Inspirational, Long, Management, Short, Two

One of the ways we'll know that Work-Out has been successful is that my style of leadership will no longer be tolerated in this company.

Company, Know, Longer, Style, Successful, Work Out

Again, your challenge is not just to improve. It is to break the service paradigm in your industry or market so that customers aren't just satisfied, they're so shocked that they tell strangers on the street how good you are.

Break, Challenges, Good, Industry, Shocked, Stranger

There are advantages to being the chairman. One of my favorite perks was picking out an issue and doing what I called a "deep dive. " It's spotting a challenge where you think you can make a difference one that looks like it would be fun and then throwing the weight of your position behind it. Some might justifiably call it "meddling. " I've often done this just about everywhere in the company.

Difference, Differences, Fun, Picking, Thinking, Weight

Creative artists have great passion.

Artist, Artists, Creative, Passion

Too often we measure everything and understand nothing. The three most important things you need to measure in a business are customer satisfaction, employee satisfaction, and cash flow. If you’re growing customer satisfaction, your global market share is sure to grow, too. Employee satisfaction gets you productivity, quality, pride, and creativity. And cash flow is the pulse—the key vital sign of a company.

Creativity, Flow, Gets, Keys, Pride, Satisfaction

The binders, the charts, the grids may seem formidable, but the meetings themselves are built around informality, trust, emotion and humor.

Emotion, Grids, Informality, May

Trust happens when leaders are transparent.

Happens, Leader, Leaders, Transparent, Trust

My job is to find great ideas, exaggerate them, and spread them like hell around the business with the speed of light. . . And to put resources in to support them. Keep finding ideas. That's the job of just about all of our CEOs.

Business, Finding, Ideas, Jobs, Light, Speed

The essence of competitiveness is liberated when we make people believe that what they think and do is important - and then get out of their way while they do it.

Believe, Competitiveness, Inspirational, Think, Thinking

Celebrating creates an atmosphere of recognition and positive energy. Imagine a team winning the World Series without champagne spraying everywhere. And yet companies win all the time and let it go without so much as a high five. Work is too much a part of life not to recognize moments of achievement. Make a big deal out of them. If you don't, no one will.

Achievement, Companies, Team, Win, Winning

I might not be the brightest bulb in the chandelier, but I'm pretty good at getting most of the other bulbs to light up.

Chandelier, Encouragement, Good, Hard Work, Light, Pretty

Set stretch goals. Don't ever settle for mediocrity. The key to stretch is to reach for more than you think is possible. Don't sell yourself short by thinking that you'll fail.

Fail, Goals, Inspirational, Keys, Reach, Thinking

Business success is less a function of grandiose predictions than it is a result of being able to respond rapidly to real changes as they occur.

Able, Business Success, Function, Predictions, Real, Result

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