Business Quote by John T. Chambers
“I learned another lesson from Jack Welch. It was in 1998, and at that time, we were one of the most valuable companies in the world. I said, 'Jack, what does it take to have a great company?' And he said, 'It takes major setbacks and overcoming those.'”
About This Quote
Source Interview: CNBC, 1998
Great companies are forged through major setbacks and the ability to overcome them.
In simple terms: Success needs overcoming big challenges.
Key Takeaway
Embrace setbacks as growth opportunities.
Themes
resilience
leadership
business
strategy
Mood
determined
reflective
Type
business
motivational
When to use this quote
- startup pivots
- corporate turnarounds
- product failures
- market crashes
Key Concepts
organizational learning
crisis management
innovation
Questions to Reflect On
- How do you differentiate a setback worth overcoming from a fatal flaw?
- What systems help your team recover quickly?
A Different Perspective
Not all setbacks lead to improvement; some may signal deeper issues.
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