Skip to main content

Success Quote by Jack Welch

"Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas"

About this Quote

Welch sells globalization as a talent raid, not a trade treaty. The line is built like a mission statement but it’s really a power statement: the modern corporation isn’t merely exporting products or importing parts; it’s vacuuming up brains. “Searches the world” frames GE (and companies like it) as restless, borderless hunters. “Not just to sell or to source” dismisses the old, tangible economy as almost quaint. The real prize is “intellectual capital,” a phrase that turns human ingenuity into an asset class the way factories once were.

The subtext is classic Welch-era management ideology: scale plus speed plus meritocracy, with citizenship and local loyalty treated as secondary variables. “World’s best talents” implies a global ranking system where the winners should naturally migrate toward the biggest platforms and the highest compensation. It also sidesteps the messy civic questions globalization raises - who gets displaced, which communities hollow out, what happens when skills and patents concentrate in a few corporate hubs. By calling ideas “capital,” Welch wraps that concentration in the language of efficiency rather than extraction.

Context matters: this is late-20th-century CEO confidence, when American multinationals felt like the most agile institutions on earth and “human capital” was becoming the new oil. Welch’s intent is reassurance and recruitment - to investors, that GE will outcompete nationally bounded rivals; to elite workers, that the company is a global magnet. It’s globalization as a brand promise, with the fine print left off the brochure.

Quote Details

TopicVision & Strategy
Source
Text match: 95.00%   Provider: Cross-Reference
Evidence:
Globalization has transformed a heavily U.S.-based Company to one whose revenues are now 40% non-U.S. Even more importantly, it has changed us into a Company that searches the world, not just to sell or to source, but to find intellectual capital: the world’s best talent and greatest ideas. (Page 2 (Letter to Our Customers, Share Owners and Employees)). This wording appears in GE’s 2000 Annual Report in the shareholder letter section (“To Our Customers, Share Owners and Employees”). The quote is often attributed directly to Jack Welch; in this primary source it is part of GE’s annual-report narrative and matches the commonly-circulated text with minor punctuation/wording differences (notably “best talent” singular and a colon after “intellectual capital”). I have not found an earlier primary source (speech/interview/book) that predates the 2000 annual report from the web evidence gathered here; many later sites and secondary materials quote it without citing an origin.
Other candidates (1)
The Metaphysical Theory of Egalitarian Economics (Jo M. Sekimonyo, 2018) compilation98.3%
... Globalization has changed us into a company that searches the world , not just to sell or to source , but to find...
Cite

Citation Formats

APA Style (7th ed.)
Welch, Jack. (2026, February 9). Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas. FixQuotes. https://fixquotes.com/quotes/globalization-has-changed-us-into-a-company-that-31695/

Chicago Style
Welch, Jack. "Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas." FixQuotes. February 9, 2026. https://fixquotes.com/quotes/globalization-has-changed-us-into-a-company-that-31695/.

MLA Style (9th ed.)
"Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas." FixQuotes, 9 Feb. 2026, https://fixquotes.com/quotes/globalization-has-changed-us-into-a-company-that-31695/. Accessed 12 Feb. 2026.

More Quotes by Jack Add to List
Jack Welch on Globalization and Intellectual Capital
Click to enlarge Portrait | Landscape

About the Author

Jack Welch

Jack Welch (born November 19, 1935) is a Businessman from USA.

24 more quotes available

View Profile

Similar Quotes

Carlos Salinas de Gortari, Statesman