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Welch's Vision
- Jack Welch's introductory speech to GE's leadership was titled "Growing Fast in a Slow Growth Economy."
- It discussed a future where companies must dominate their market or fail, rejecting mere profitability.
Dominance over Choice
- Jack Welch's focus on market dominance eliminated consumer choice, contrasting with the Soviet system.
- He prioritized being first or second in an industry over providing diverse product options.
Prussian Inspiration
- Jack Welch was inspired by articles in Fortune magazine analyzing Prussian generals as business gurus.
- He quoted Helmut von Moltke, emphasizing understanding events without prejudice and quick decision-making.