“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.”
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Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while.
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.
Don't manage - lead change before you have to.
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.
