How do you win the game if you’re legendary CEO Jack Welch? You get the best players.

Jack Welch is the legendary former CEO of General Electric, where under his leadership the company increased market value from $12 billion in 1981 to $280 billion. At an IVY Ideas Night with his wife Suzy Welch, Jack sat down with members and shared his famous insights on managing, growing a business, and dominating the competition.

Both strong advocates of team culture, Jack and Suzy talk extensively about the importance of creating meaning at work. “We think that when you’re a leader, you have to think of yourself as a chief meaning officer,” said Suzy. “It doesn’t matter if you’ve got 5 or 50 or 500 people working for you—part of your job is making sure that every person understands the meaning of his or her work, the purpose of it, and its relationship to the whole.”

A former journalist and leading consultant, Suzy Welch is well-known for being the editor of Harvard Business Review. Her book 10-10-10: A Life Transforming Idea (2009) is a New York Times Bestseller. She is also the co-author, with her husband Jack Welch, of two international New York Times and Wall Street Journal best-selling business books, Winning (2005) and The Real Life MBA (2015).

During their talk, both Jack and Suzy went above and beyond to emphasize the importance of collaboration. They believe that a team has to work together—and positively—in order for truly great success to be achieved. “Culture counts.” said Jack, “You could look at spreadsheets for the rest of your life, and they don’t tell you anything… If you’ve got a team that’s really sharing ideas and making progress together—you’ve won.”

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