Leadership Lessons Jack Welch
Leadership Lessons from Jack Welch
John Francis Welch Jr. (November 19, 1935 – March 1, 2020) was an American business executive,chemical engineer, and writer. He was Chairman and CEO of General Electrics(GE) between 1981 and 2001.
When Welch retired from GE, he received a severance payment of $417 million, the largest such payment in business history up to that point. In 2006, Welch’s net worth was estimated at $720 million.
- ^Business is simple
- ^Don't make it overly complicated
- ^Face reality
- ^Don't be afraid of change
- ^ Fight bureaucracy
- ^ Discover who has the best ideas, and put those ideas into practice
- ^ Learn, Learn, Learn
Remember these Golden Business Rules
- ^ Act like a Leader, not a Manager " Find great ideas, exaggerate them, and spread them like hell around the business with
- ^ Embrace Change, Don't Fear It
- ^ Stop Managing, Start Leading "Weak Managers are the Killers of business; they are the job killers"
- ^ Cultivate Managers Who Share Your Vision "What we are looking for are leaders who can energize, excite rather than enervate, depress and control"
- ^ Face Reality, Then Act Decisively
- ^ Be Number 1 or Number 2, But Don't Narrow Your Market "When you're number four or five in a market, you get pneumonia when number one sneezes"
- ^ Look for the Quantum Leap ! "I don't think we have moved fast enough and incisively enough"
- ^ Take the Boss Element and put the "Boss Element" out of your Company
- ^ Have Global Brains and Build Diverse and Global Teams
- ^Jack Welch's Vision for the Millennium" "People always overestimate how complex business is. This isn't rocket science"
- ^ Dreams Are Exciting; Decimal Points Aren't
- ^ Have a Passion for Excellence and Hate Bureaucracy
- ^ Are Open to Ideas from Anywhere and Committed to Work-Out
- ^ Live Quality and Drive Cost and Speed for Competitive Advantage
- ^ Have the Self-Confidence to Involve Everyone and Behave in a Boundaryless Fashion
- ^ Create a Clear, Simple, Reality-Based Vision and Communicate it to All Constituencies
- ^ Have Enormous Energy and the Ability to Energize Others
- ^ Stretch Set Aggressive Goals Reward Progress. Yet Understand Accountability and Commitment
- E See Change as Opportunity Not Threat