"The essence of competitiveness is liberated when we make people believe that what they think and do is important - and then get out of their way while they do it"

This quote by Jack Welch speaks to the significance of empowering people to take ownership of their work. He suggests that when individuals are offered the chance to make decisions and take action, they will be more determined and productive. By enabling people to believe and act independently, they will be more likely to take initiative and be innovative in their work. This will lead to increased competition and better results. Welch stresses that it is important to give individuals the flexibility to think and act, and then to step back and let them do their job. This will produce an environment of trust and respect, and will eventually cause better performance. By offering individuals the chance to take ownership of their work, they will be more likely to take effort and be innovative in their work. This will lead to increased competitors and better outcomes.