Jack Welch Winning

2456 Words Sep 11th, 2007 10 Pages
Every Day There Is A New Question
"Winning" is written by Jack Welch and, whether you love him or hate him, the guy has real experience in running a large corporation successfully. This is unlike so many other authors who can be somewhat academic. Welch began his career with the General Electric Company in 1960, and in 1981 became the company 's eighth chairman and CEO. During his tenure, GE 's market capitalization increased by $400 billion, making it the world 's most valuable corporation. Jack retired in 2001 and he is currently the head of Jack Welch, LLC, where he serves as an advisor to a small group of Fortune 500 CEOs and speaks to businesspeople and students around the world.
Overall, "Winning" stresses being positive at many
…show more content…
No one should ever be surprised that they are not performing well and are fired. This is why a company needs candor and honest evaluations.
Ultimately, Jack reasons that 20-70-10 makes winners out of everyone. However, differentiation cannot and must not be implemented quickly. At GE, it took about a decade to install the kind of candor and trust that makes differentiation possible.
Leadership
No matter what the situation, or who your audience is, Welch believes there are a few basic techniques of leadership that will always work in creating a winning company. He refers to these as his eight rules of leadership.
First of all, leaders relentlessly upgrade their team, using every encounter as an opportunity to evaluate, coach, and build self-confidence. They take every opportunity to inject self-confidence into those who have earned it. "So give praise generously," says Welch, and the more specific the better. Second, leaders make sure people not only see the vision, but also live and breathe it too. Welch points out that there were many times where he talked about the company 's vision and direction so much in one day that he was completely sick of hearing it himself. But he stuck with it anyway and it paid off.
Third, according to Welch, leaders have to get into everyone 's skin, exuding positive energy and optimism. "Unhappy tribes have a tough time winning," Welch says. The job of a leader is to fight

More about Jack Welch Winning

Open Document