Wisdom worth sharing, words worth remembering.
The productivity now at universities is terrible. Tenure is a terrible idea. It keeps them around forever and they don't have to work hard.
You've got to eat while you dream. You've got to deliver on short-range commitments while you develop a long-range strategy and vision and implement it. The success of doing both. Walking and chewing gum if you will. Getting it done in the short-range and delivering a long-range plan and executing on that.
I've learned that mistakes can often be as good a teacher as success.
I actually think that the economy has got some positives. It's got the market. It's got consumer confidence and it's got banks throwing – I mean central bankers throwing money at it around the world.
What's important at the grocery store is just as important in engines or medical systems. If the customer isn't satisfied if the stuff is getting stale if the shelf isn't right or if the offerings aren't right it's the same thing. You manage it like a small organization. You don't get hung up on zeros.
In order to lead a country or a company you've got to get everybody on the same page and you've got to be able to have a vision of where you're going. America can't have a vision of health care for everybody green economy regulations – can't have a bunch of piece-meal activities. It's got to have a vision.
If GE's strategy of investment in China is wrong it represents a loss of a billion dollars perhaps a couple of billion dollars. If it is right it is the future of this company for the next century.
Control your own destiny or someone else will.
If you don't have public hangings for bad culture in a company if you don't take people out and let them say they went home to spend more time with the family. It's crazy.
I was afraid of the internet… because I couldn't type.
Number one cash is king… number two communicate… number three buy or bury the competition.
Don't manage – lead change before you have to.
