Jack Welch Quotes

I see the level of sophistication and knowledge about business growing dramatically. Several decades ago, only a few companies thought about international business.

When I was a young guy, when I first started with G.E., Jack Welch sent us all to Japan because in those days Japan was gonna crush us. And we learned a lot about Japan when we were there. But over the subsequent 30 years, the Japanese companies all fell behind. And the reason why they fell behind is because they didn't globalize.

In a knowledge economy, natural selection favors organizations that can most effectively harness and coordinate collective intellectual energy and creative capacity.

From our group, we've had joint ventures with a lot of international companies: Procter & Gamble, General Electric, Sara Lee, currently with Hershey's and Tyson. We've learned a lot of the best practices.

Intellectual capital drives financial capital and growth.

Is France a completely open market to G.E.? No, of course not. I think we're more discerning about China because it's China, and they're big, and they're more concerning. But the best global companies are ones that are nuanced.

Most of us understand that innovation is enormously important. It's the only insurance against irrelevance. It's the only guarantee of long-term customer loyalty. It's the only strategy for out-performing a dismal economy.

I always recommend, if you can, to patent or protect whatever your idea is. If you can't, you have to make your best judgment. Sometimes people don't get anywhere because they sit on something, so afraid to reveal it. And yet, in the reverse, sometimes if you expose something too widely, you can risk losing it.

Really in technology, it's about the people, getting the best people, retaining them, nurturing a creative environment and helping to find a way to innovate.

Most of us don't invent ideas. We take the best ideas from someone else.

All the big online retailers are looking at how to enter the Russian market.

When you introduce something new to a country, you want to do it right. Generally, that means you have to do it yourself.

I think the opportunity to bring together the people in the world of politics, business and entertainment and have an opportunity to listen to their best learning and thinking is a great opportunity.

Companies in Europe should stop trying to do the U.S. version of a European idea.

In order to build a great technology company, you have to hire lots of incredibly smart people. It's a total waste to have lots of big brains but not let them work on your biggest problems.

U.K. companies are in very international and very competitive markets. If you look at PC penetration in the U.K., it is very similar to the United States market.

If you don't have the best product, you're not going to make it in open-source.

Chinese... companies do not have to think about whether they do something to enhance their competitive edge in international markets.

This battle for global talent is so important.

If we internationalize everything, we end up with rules that stifle freedom and innovation.

Cheap labor is not going to be the way we compete in the United States. It's going to be brain power.

So when they come around and say they want to do our stuff in America, it's compliment really.

I definitely think what drives technology companies is the people; because in a technology company it's always about what are you going to do next.

Being in the consumer business helps us groom talent in areas like marketing, finance and logistics. We can benchmark our outsourcing business to our consumer business and its best practices.

There's an ongoing competition by global companies across all areas from products, technology development and hiring talented people to patent disputes. The market is big and opportunities are wide open, so we should find out new businesses that Samsung's future will hinge on.