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25 lessons from Jack Welch
Lessons from the world’s legendary former CEO of GE
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What this contains… GE Success story … Flash points
25 lessons from Jack Welch
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Welch’s 7 point program for Management by Leadership
1 Develop a vision for the business 2 Change the culture to achieve the vision 3 Flatten the organization 4 Eliminate bureaucracy 5 Empower individuals 6 Raise Quality and Efficiency 7 Eliminate boundaries Jack Welch appointed as CEO of GE Jack Welch steps down as CEO of GE
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Welch’s prescription for winning in business
Leading Change Redesigning the role of the leader in the new economy: creating followers through communicating a vision, and establishing open, caring relations with every employee Creating an open, collaborative workplace where everyone's opinion is welcome Empowering senior executives to run far-flung businesses in entrepreneurial fashion Liberating the workforce; making everybody a participant through improving vertical communication and employee empowerment Welch’s prescription for winning in business Speed Simplicity Self confidence
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Articulate your vision Simplify Get less formal Energize others
1. Lead Manage Less Articulate your vision Simplify Get less formal Energize others Face Reality See change as an opportunity Get good ideas from everywhere Follow up Lead More, Manage Less Get rid of bureaucracy Eliminate boundaries Put values first Cultivate leaders Create learning culture Build a Winning Organization Involve everyone Make everyone a team player STRETCH Instill confidence Make business fun Harness your people Be number or number 2 Live QUALITY Constantly focus on innovation Live speed Behave like a small company Build the market leading company
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