A Quote by Jack Welch on management and leadership

Leaders have to set the team's vision and make it come alive. How do you achieve that? First of all, no jargon. Targets cannot be so blurry they can't be hit. You have to talk about vision constantly to everyone. A common problem is that leaders communicate the vision to close colleagues and it never filters down to people in frontline positions.

If you want people to live and breathe the vision, "show them the money" when they do, be it with salary, bonus, or significant recognition. To quote a friend of mine, Chuck Ames, the former chairman and CEO of Reliance Electric, "Show me a company's various compensation plans, and I'll show you how its people behave."

Jack Welch

Source: Excerpt: How to Be a Good Leader: http://www.msnbc.msn.com/id/7304587/site/newsweek/

Contributed by: ~C4Chaos