Jeffrey R. Immelt

One of the things I’ve learned by experience is that you can run a productivity company and not have to give a lot of straight yes or no answers. You can make your base costs by cutting everybody by 10%, and you can do OK for a long time that way. But you can’t drive a growth company by cutting everybody by 10%-or by adding 10%. You have to make higher-level moves, and that takes clear decision making.

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