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Speed is everything. It is the
indispensable ingredient of competitiveness. |
Jack Welch
GE |
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Remove all
roadblocks
The world is becoming more
information-intensive, and decision-making and quick responses are
indispensable weapons. And in future, change will be even quicker.
Anything that slows your company down must be removed.
Eliminate bureaucracy, make
informal a way of life, and empower employees. |
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The old advantages of patience,
paternalism, and respect for tradition are now hurdles in a
world that is rapidly changing. |
Jack Welch
GE |
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Communicate faster
Make your messages simple and
informal. Be focused and consistent. Remove constraints blocking
communication between senior and junior levels of your organization,
between product groups, across functions, and across geographic and
cultural lines.
Master Result-oriented Communication |
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Create an open organization
"Speed is the product of an open
organization. Enormous energy
and the ability to
energize others is one of
our critical values.
Involve everyone and move
quickly. If you can't come to a
fast decision, and you can't get
everybody in the game quickly,
then you don't have the right
values. Being a brilliant
administrator is not enough.
You've got to excite people. Get
them going."
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Stretch! We have found that by reaching for what appears to be
the impossible, we often actually do the impossible. |
Jack Welch
GE |
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Pounce every day
"Leave no stone unturned. Live
urgency. Don't waste time. There
is simply not a moment to lose.
Take advantage of every minute,
and know that even a minor delay
can mean losing vital business."
Move faster than your
competitors to win business,
please customers and
snap up opportunities.
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Don't sit still. Anybody sitting
still, you can guarantee they're going to get their legs knocked out
from under them. |
Jack Welch
GE |
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The
3Ss of winning in business are
Speed, Self-confidence, and Simplicity |
Jack Welch
GE |
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"Speed, simplicity and
self-confidence are closely
intertwined. By simplifying the
organization and instilling
confidence, you create the
foundation for an organization
that incorporates speed into the
fabric of the company."
More lessons from
business legends?
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