The Seattle Times: Business & Technology: Peter F. Drucker was the original management guru: "'Drucker said: 'If you weren't already in this business, would you enter it today? And if not, what are you going to do about it?' ' Welch recalled Friday night. 'Simple, right? But incredibly powerful.'
Mr. Drucker's simple question ultimately led to Welch's operating maxim that if a GE unit could not be No. 1 or No. 2 in its field, it should be jettisoned."