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Jack Welch

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Business success is less a function of grandiose predictions than it is a result of being able to respond rapidly to real changes as they occur.
--
Ch. 24

 
Jack Welch

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The job of theorists, especially in biology, is to suggest new experiments. A good theory makes not only predictions, but surprising predictions that then turn out to be true. (If its predictions appear obvious to experimentalists, why would they need a theory?)

 
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Any physical theory is always provisional, in the sense that it is only a hypothesis: you can never prove it. No matter how many times the results of experiments agree with some theory, you can never be sure that the next time the result will not contradict the theory. On the other hand, you can disprove a theory by finding even a single observation that disagrees with the predictions of the theory. As philosopher of science Karl Popper has emphasized, a good theory is characterized by the fact that it makes a number of predictions that could in principle be disproved or falsified by observation. Each time new experiments are observed to agree with the predictions the theory survives, and our confidence in it is increased; but if ever a new observation is found to disagree, we have to abandon or modify the theory.

 
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I’m grandiose.  Because I live a grandiose life.  I’m not 'aw shucks' … because I'm gnarly. (The Howard Stern Show)

 
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It is held that one fulfils his whole duty when he is industrious in his business or vocation, observing also the decencies of domestic, civil, and religious life. But activity of this kind stirs only the surface of our being, leaving what is most divine to starve; and when it is made the one important thing, men lose sense for what is high and holy, and become commonplace, mechanical, and hard. Science is valuable for them as a means to comfort and wealth; morality, as an aid to success; religion, as an agent of social order. In their eyes those who devote themselves to ideal aims and ends are as foolish as the alchemists, since the only real world is that of business and politics, or of business simply, since politics is business.

 
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Real success in business is to be found in achievements comparable rather with those of the artist or the scientist, of the inventor or statesman. And the joys sought in the profession of business must be like their joys and not the mere vulgar satisfaction which is experienced in the acquisition of money, in the exercise of power or in the frivolous pleasure of mere winning.

 
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