Corporate Leader

Transformational Leadership

 

25 Lessons from Jack Welch  Download PowerPoint presentation, pdf e-book

Management Insight and Leadership Secrets of the Legendary Former CEO of GE

Jack Welch advice business quotes  

"Our vision is to create the world's most competitive enterprise."

 

 Vadim Kotelnikov personal logo Vadim Kotelnikov, Founder of Business e-Coach Business e-Coach    

      

25 Lessons from Jack Welch Managerial Leadership Leadership-Management Synergy Jack Welch success story and quotes Lead Manage Less Articulate Your Vision Simplify Get Less Formal Energize Others Face Reality See Change as an Opportunitiy Get Good Ideas from Everywhere Follow Up Balanced Organization: 5 Basic Elements Get Rid of Bureaucracy Eliminate Boundaries Put Values First Cultivate Leaders Create Learning Culture Harness Your People for Competitive Advantage Involve Everyone Make Everybody a Team Player Stretch Goals Instill Confidence Make Business Fun Strategies of Market Leaders Be Number 1 or Number 2 Live Quality Constantly Focus on Innovation Live Speed Small Company Ten3 BUSINESS e-COACH: global success 1000ventures.com 25 Lessons from Jack Welch - Great Business Leader

Jack Welch's goal was to make GE "the world's most competitive enterprise.

Jack Welch's amazing results

He knew that it would take nothing less than a "revolution" to transform that dream into a reality. "The model of business in corporate America in 1980 had not changed in decades. Workers worked, managers managed, and everyone new their place. Forms and approvals and bureaucracy ruled the day. Welch's self-proclaimed revolution meant waging war on GE's old ways of doing things and reinventing the company from top to bottom."2

Smart Executive     Inspirational Leader: 10 Roles

Today, GE with its unique learning culture and boundaryless organization is one the most admired company in the world.

The techniques and ideas that Welch has employed to move GE forward are applicable to any size corporations, small, medium, or large.

Jack Welch's 3Ss of Winning in Business

 

 
   

  

1. Lead

Managers muddle leaders inspire. Leaders are people who inspire with clear Vision of how things can be done better. "What we are looking for are Leaders at every level who can energize, excite and inspire rather than enervate, depress, and control."... More

 >>  Jack Welch's 6 Rules for Successful Leadership

2. Manage Less

"We are constantly amazed by how much people will do when they are not told what to do by management." In the new knowledge-based economy, people should make their own decision. Managing less is managing better. Close supervision, control and bureaucracy kill the competitive spirit of the company. "Weak managers are the killers of business; they are the job killers. You can't manage self-confidence into people."

3. Articulate Your Vision

"Leaders inspire people with clear visions of how things can be done better." The best leader do not provide a step-by-step instruction manual for workers. The best leaders are those who come up with new idea, and articulate a vision that inspires others to act... More

4. Simplify

"Keeping things simple is one of the keys to business success. Have the courage to be simple. Simplicity is practically an art form, with many definitions. "Simple messages travel faster, simpler designs reach the market faster and the elimination of clutter allows faster decision making."  >>>

5. Get Less Formal

"You must realize now how important it is to maintain the kind of corporate informality that encourages a training class to comfortably challenge the boss's pet ideas."  >>>

6. Energize Others

Genuine leadership comes from the quality of your vision and your ability to spark others to extraordinary performance... More

Be Energized ‒ Always!

7. Face Reality

Face reality, then act decisively. Most mistakes that leaders make arise from not being willing to face reality and then acting on it. Facing reality often means saying and doing things that are not popular, but by coming to grips with reality would things get better.

8. See Change as an Opportunity

Change is a big part of the reality in business. "Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while... Keeping an eye out for change is both exhilarating and fun."... More

How To Overcome Resistance to Change: Kore 10 Tips

9. Get Good Ideas from Everywhere

New ideas are the lifeblood of business. "The operative assumption today is that someone, somewhere, has a better idea; and the operative compulsion is to find out who has that better idea, learn it, and put it into action ‒ fast."

10. Follow up

Follow up on everything. Follow-up is one key measure of success for a business. Your follow-up business strategy will pave the way for your success.

 

 
   

 

 

11. Get Rid of Bureaucracy

The way to harness the power of your people is "to turn them loose, and get the management layers off their backs, the bureaucratic shackles off their feet and the functional barriers out of their way."... More

Inspiring People: 4 Strategies

12. Eliminate Boundaries

In order to make sure that people are free to reach for the impossible, you must remove anything that gets in their way. "Boundarylessness" describes an open organization free of bureaucracy and anything else that prevents the free flow of ideas, people, decisions, etc. Informality, fun and speed are the qualities found in a boundaryless organization.

13. Put Values First

Don't focus too much on the numbers. "Numbers aren't the vision; numbers are the products." Focus more on the softer values of building a team, sharing ideas, exciting others >>>

14. Cultivate Leaders

Cultivate leaders who have the four E's of leadership: Energy, Energize, Edge, and Execution;  leader who share values of your company and deliver on commitments.

Leadership-Management Synergy  Download PowerPoint presentation, pdf e-book

15. Create a Learning Culture

Turn your company into a learning organization to spark free flow of communication and exchange of ideas. "The desire, and the ability, of an organization to continuously learn from any source, anywhere - and to rapidly convert this learning into action is its ultimate competitive advantage."

  

 
   

 

16. Involve Everyone

Business is all about capturing intellect from every person. The way to engender enthusiasm it to allow employees far more freedom and far more responsibility.

17. Make Everybody a Team Player

Managers should learn to become team players. Middle managers have to be team members and coaches. Take steps against those managers who wouldn't learn to become team players.  >>>

18. Stretch

Set stretch goals Stretch targets energize. "We have found that by reaching for what appears to be the impossible, we often actually do the impossible; and even when we don't quite make it, we inevitably wind up doing much better than we would have done."... More

19. Instill Confidence

Create a truly confident workforce. Confidence is a vital ingredient of any learning organization. The prescription for winning is speed, simplicity, and self-confidence. Self-confident people are open to good ideas regardless of their source and are willing to share them. "Just as surely as speed flows from simplicity, simplicity is grounded in self-confidence."

20. Have Fun

Fun must be a big element in your business strategy. No one should have a job they don't enjoy. If you don't wake up energized and excited about tackling a new set of challenges, then you might be in the wrong job... More

Life-Business Synergy

 

  

21. Be Number 1 or Number 2

"When you're number four or five in a market, when number one sneezes, you get pneumonia. When you're number one, you control your destiny. The number fours keep merging; they have difficult times. That's not the same if you're number four, and that's your only businesses. Then you have to find strategic ways to get stronger.  But GE had a lot of number ones."

22. Live Quality

"We want to change the competitive landscape by being not just better than our competitors, but by taking quality to a whole new level. We want to make our quality so special, so valuable to our customers, so important to their success that our products become the only real value choice."

23. Constantly Focus on Innovation

"You have just got to constantly focus on innovation. And more competitors. You've got to constantly produce more for less through intellectual capital. Shun the incremental, and look for the quantum leap." Now the fundamentals have got to be more education. More information knowledge, faster speeds, more technology across the board.

24. Live Speed

"Speed is everything. It is the indispensable ingredient of competitiveness." Speed, simplicity and self-confidence are closely intertwined. By simplifying the organization and instilling confidence, you create the foundation for an organization that incorporates speed into the fabric of the company... More

Surprise To Win: 3 Strategies Download PowerPoint presentation, pdf e-book

25. Behave Like a Small Company

Small companies have huge competitive advantages. They "are uncluttered, simple, informal. They thrive on passion and ridicule bureaucracy. Small companies grow on good ideas regardless of their source. They need everyone, involve everyone, and reward or remove people based on their contribution to winning. Small companies dream big dreams and set the bar high ‒ increments and fractions don't interest them."... More