2/07/2006

The role of Goodwill in Business

"I always tried to leave some goodwill on the table when the seller's ongoing involvement was important to the companies success."
- Jack Welch in Jack, Straight From The Gut

My Take :
1. Talk about being hard-nosed in business !
2. Goodwill and being hard-nosed don't go together for me.

Wallowing - of a Different kind

"For me, 'wallowing' has always been a key part of how we ran GE. Get a group of people around a table, regardless of their rank, to wrestle with a particularly tough issue. Stew on it from every angle - flush out everyone's thinking - but don't come to an immediate conclusion."
- Jack Welch in Jack, Straight From The Gut

My Take :
1. The word brainstorming was coined later than this was written, I suppose.
2. The last part - not coming to an immediate conclusion - is where I sometimes vary in this theme.