Business, the Jack Welch Way: 10 Secrets of the World's Greatest Turnaround King

Mark Cuban is an American Entrepreneur, investor, and owner of the NBA’s Dallas Mavericks. Cuban is also an investor on the reality television show Shark Tank, in which potential investors consider offers from aspiring entrepreneurs. Cuban’s book How to Win at the Sport of Business” is a collection of his most popular blog posts on his blog “Blog Maverick”, in which he provides insight on his knowledge and secrets of becoming a successful entrepreneur. His book is based on his personal experiences, from working small jobs to his success and failures in starting his own businesses. He describes his unique and extravagant way of becoming entrepreneur of a multi million dollar business and owner of the Dallas Mavericks. Within his entertaining blog posts it is clearly portrayed how Cuban’s intelligence, persistence and hard work lead him to become a successful businessman. In his book he provides rules and tips on how to start your own business and stay successful in it, often making comparisons between sports and businesses.

Evaluating his approach to bringing about change in his organization. Comparing his approach with that of Jack Welch.

Leader – the main job of a leader in sports is to help the team organise properly, motivate others, and work as a team. By doing all these things your team can make a big impact when playing. The leader should communicate and organise well in order to help his players understand. The equipment should be organised properly during every training session which helps players improve. Any equipment that is broken which could injure the players should not be there.

For me, leadership is about understanding your team, allowing team members to play to their unique strengths while providing opportunities to address personal weaknesses. A team, when managed properly, can accomplish as much as a single individual – times however many individuals serve on the team. As a high school student, I have leadership experience in all sorts of teams, but my experience in Science Olympiad is the most rewarding.

Finally, Leadership is work. A leader works harder than anyone else and they know they need to do so. A captain knows that he has to push himself to work above everyone else. He should run faster, hit harder, and block better than anyone else on the team. If a captain works harder than anyone else, then everything comes together. He earns respect; he takes responsibility, and leads by example.

By definition a leader is a person who leads or commands a group however, I believe a leader should be a person who inspires his team excel in the worst of conditions. A leader should be extraordinary reliable as the team should know that the leader could guide them to the best of his abilities toward their goal. A leader should be persistent as they should be the motivational force leading the group. A leader should be patient and calm knowing that quality takes time and that the individual member of his team have obstacles to overcome on their own part.

A leader is someone who is able to get people to work together and contribute to the overall goal. My sophomore year I was appointed as the captain of the Junior Varsity wrestling team. During my time, I lead my team during warm-ups and helped develop some of

“Earle Charlton was the quintessential entrepreneur” (forward xxi). In order for one to be quintessential they should be trustworthy, have confidence, be persuasive, and be supportive. Earle Charlton was a perfect fit when it came to being a quintessential leader. Risk taking was other quality that Earle Charlton took part in. He not only fulfilled but demonstrated all of these characteristics so fluently.

OUR TEAMWORK - Teamwork is critical to meet the challenges we face. We share a common vision, working together to reach the best possible solutions. We show respect and concern for each other, and encourage an atmosphere of friendly openness and mutual support. Each of our properties is a testament to the dedication, creativity and talents of our whole team.

Leadership is a quality I am proud to say I have and I demonstrate that quality through my sports; bringing focus, positive attitude, and determination to my team every time we step on the field and always being available to lend assistance to anyone in

Captains of sports teams are given the stereotype that they are the most athletic player on the team, scoring the most goals and handling the ball best. In truth, captains have a lot of work they have to do that doesn't even involve playing the sport. Captains are the most looked at player of the game; other players, younger kids and coaches look to them to set examples. They have to set examples in every aspect of the game; athleticism might be part of their job but it is not limited to it. The captain of any sports team must set the leadership standard for commitment, confidence, intelligence, and attitude.

Team players can be found in different types of groups. They are in the military service, on sports teams, in the work place, and inside of families. In the military, they are usually the leaders

Immediate Concern A successor has to be found to replace the retiring Jack Welch, as no suitable candidate has yet been determined. This is becoming a concern for shareholders who want to realize the same returns they have been receiving under the Welch regime. The new CEO needs to be dynamic to lead this complex organization, and sustain the rate of growth realized during the Welch era.

Management guru Jack Welch, former CEO of General Electric, has been instrumental in forming today’s top business management leaders by imparting effective knowledge in leadership management; he is widely credited with transforming GE into a multibillion-dollar conglomerate.

Jack Welch’s vision of what GE was possible of gave the company a vision for twenty years while he was the CEO and chairman. He states, “leaders make sure people not only see the vision, they live and breathe it.” (Winning, pg 67) He not only allowed for employees to stretch, but demanded it. In teaching workers to stretch Welch knew that workers “may fail. In fact, they probably will fail. But stretching, and stretching the business, is going to improve performance results.” (Jack Welch on Leadership, pg 105) He also states that “only by setting the performance bar high did it become possible to discover people’s capabilities.” Jack Welch’s emphasis on candor and breaking the bureaucracy of modern business separated him from his contemporaries. He excited others of the possibility of being the biggest and best company in the world and rewarding his best employees that shared the values of GE. According to FORTUNE Editorial Director Geoffrey Colvin In "The Ultimate Manager, Welch leads the annals of management history not for anticipating the new world's changes ahead, but for acting on them: "His great achievement is that having seen it, he faced up to the huge, painful changes it demanded, and made them faster and more emphatically than anyone else in business. He led managers into this new world, which we still inhabit, and just as important, he showed business