Jack: Straight From the Gut

When Jack Welch gave his first speech as CEO in front of Wall Street he clearly gave his audience a primer on what he felt it would take for a company to be viable in the long term. ‘Winning companies’ would be the ones that ‘search out and participate in real growth industries and insist upon being Number One or Number Two in every business they are in. The Number One or Two leanest, lowest-cost, worldwide producers of quality goods and services. To this strategy he would fully commit his company with the fullest effort imaginable.