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5 interviews · 11 quotes

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It’s OK to Love Winning

I have spoken at a few conferences lately where I’ve noticed entrepreneurs focus completely on the ‘social good’ of their business, as opposed to the ‘old school’ factor of making money. Now……

5 min read

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Moral Hazard & Short-Term Attitudes

In the fields of political science and economics, you will commonly see discussion of the “Principal-Agent Problem” (also known as agency dilemma) which deals with the outcomes of situations of conflicted interest,…

6 min read

From the archive

Quotes

Winning is good, losing is bad! Do you want to be in the winner's locker room celebrating or in the losers with your head down and a towel around your neck? If you're winning, you can give back — to your family, institutions of your choice, and your local communities... If you're losing, your pockets are empty.

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

Growth is like an elixir. It's exciting, it creates more and more growth, and it's a helluva lot of fun. Business is fun, it's a game. You're playing against others, and you want to win!

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

You must surround yourself with great people, and as you grow, never forget the generosity gene. You must demonstrate that gene with encouragement, praise, recognition, and cash... Building a great team is what this business game is all about. The team with the best players working together wins.

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

You have to get under the skin of every employee, becoming a chief meaning officer, giving your team purpose, getting everyone on the same page. You have to make sure your entire team knows where they're going, how they're going to get there, and what's in it for them.

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

Your corporate's social responsibility is to win. You cannot be generous from an empty wagon! This nonsense about giving when you're broke is ridiculous. Corporate responsibility, first and foremost, is to win. You can then take those resources from winning and allocate them as you see fit. That's not a popular statement, but it's the truth!

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

Establishing a culture of truth and trust is absolutely critical to being a great leader, and that takes effort and energy every day. You have to ceaselessly reach for truth and trust every day, and you have to be relentless in your pursuit of trust, and show your people that you have their back.

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

Winning is good, losing is bad! If you're winning, you can give back — to your family, institutions of your choice, and your local communities. If you're losing, your pockets are empty.

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

Growth is like an elixir. It's exciting, it creates more and more growth, and it's a helluva lot of fun. Business is fun, it's a game. You're playing against others, and you want to win!

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

Establishing a culture of truth and trust is absolutely critical to being a great leader, and that takes effort and energy every day. You have to ceaselessly reach for truth and trust every day, and you have to be relentless in your pursuit of trust, and show your people that you have their back.

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

You must surround yourself with great people, and as you grow, never forget the generosity gene. Building a great team is what this business game is all about. The team with the best players working together wins.

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

Your corporate's social responsibility is to win. You cannot be generous from an empty wagon! This nonsense about giving when you're broke is ridiculous. Corporate responsibility, first and foremost, is to win. You can then take those resources from winning and allocate them as you see fit.

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques