Competition Quote by Jack Welch
“First and most obvious, bring out the three old warhorses of competition - cost, quality, and service - and drive them to new levels, making every person in the organization see them for what they are, a matter of survival.”
About This Quote
Source Speech: Business Strategy Talk, Jack Welch, 1995
Emphasizes that cost, quality, and service are essential competitive factors that must be continuously improved for organizational survival.
In simple terms: Focus on cost, quality, service to survive.
Continuously improve core competitive factors.
Themes
Mood
Type
When to use this quote
- product development
- customer service
- cost reduction initiatives
- employee training
- market positioning
Key Concepts
Questions to Reflect On
- How can we measure progress in each area?
- What incentives drive improvement?
Neglecting any of these can still lead to failure.