Successful Business

Building a Great Business

6 Features of a Really Great Company

By: Jack Welch and Suzy Welch

Jack Welch advice

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 A company where people really want to work has one of the most powerful competitive advantages in the game:

the ability to hire and field the best team.

 

   

Articulate Your Vision

3Ss of Winning in Business

Behave Like a Small Company

See Change as Opportunity

   

Great companies demonstrate a real commitment to continuous learning. No lip service. These companies invest in the development of their people through classes, training programs, and off-site experiences, all sending the message that the organization is eager to facilitate a steady path to personal growth>>>

Great companies are meritocracies. Pay and promotions are tightly linked to performance, and rigorous appraisal systems consistently make people aware of where they stand. As at every company, the people you know and the school you went to might help get you in the door. But after that, it’s all about results. People with brains, self-confidence, and competitive spirit are always attracted to such environments.

Great companies not only allow people to take risks but also celebrate those who do. And they don’t shoot those who try but fail. As with meritocracies, a culture of risk-taking attracts exactly the kind of creative, bold employees companies want and need in a global marketplace where innovation is the single best defense against unrelenting cost competition.  >>>

Great companies understand that what is good for society is also good for business . Gender, race, and nationality are never limitations; everyone’s ideas matter. Preferred employers are diverse and global in their outlook and environmentally sensitive in their practices. They offer flexibility in work schedules to those who earn it with performance. In a word, great companies are enlightened.  >>>

Great companies keep their hiring standards tight. They make candidates work hard to join the ranks by meeting strict criteria that center around intelligence and previous experience and by undergoing an arduous interview process. Talent has an uncanny way of attracting other talent.

Great companies are profitable and growing . A rising stock price is a hiring and retention magnet. But beyond that, only thriving companies can promise you a future with career mobility and the potential of increased financial rewards. Indeed, one of the most intoxicating things a company can say to you, as a potential employee, is: “Join us for the ride of your life.”  >>>

 

 

25 Lessons from Jack Welch

Jack Welch's 5 Strategic Questions

 
Konosuke Matsushita advices

Business is people.  >>>

Konosuke Matsushita

Panasonic

Steve Jobs advices

Find people who are competent and really bright, but more importantly, people who care exactly about the same things you care about.

Steve Jobs

Apple

Richard Branson advice

Colleagues should take care of each other, have fun, celebrate success, learn by failure, look for reasons to praise not to criticise.

Richard Branson

Virgin

Akio Morita business advice quotes Sony success lessons

We want to keep the company healthy and its employees happy, and we want to keep them on the job and productive.

Akio Morita

Sony

Sam Walton advice quotes

Money and ownership alone aren't enough. Constantly think of new and more interesting ways to motivate and challenge your partners.

Sam
Walton