25 Lessons from Jack Welch Customer Intimacy Behave Like a Small Company Small Companies Transitioning To a Lean Enterprise

25 Lessons from Jack Welch

Articulate Your Vision

Eliminate Bureaucracy    Live Speed

Put Values First

Harness Your People for Competitive Advantage

Make Everybody a Team Player

See Change as an Opportunity    Get Less Formal

3Ss of Winning in Business

6 Features of a Really Great Company

GE Leadership Effectiveness Survey (LES)

Using the Best Practice at GE: The Trotter Scorecard

Modern SMEs

Strengths and Weaknesses

Solve Niche Problems with Customized Solutions

Innovation-friendly Organization

Get Rid of Bureaucracy    Flat Organizational Structure

Inspiring People

Best Practices

Jack Welch, CEO, GE a Corporate Leader

GE: Creating an Extraordinary Organization    GE Work-Out

Jack Welch Fires an Ineffective Business Architect

Six Sigma Implementation at GE

Jack Welch, the legendary leader of GE, believed that sleek companies have huge competitive advantages.

They:

  • Dream big dreams and set the bar high  increments and fractions don't interest them

  • Thrive on passion and ridicule bureaucracy

  • Are uncluttered, simple, informal

  • Grow on good ideas regardless of their source

  • Need everyone, involve everyone, and reward or remove people based on their contribution to winning

  • Communicate better. Without the din and prattle of bureaucracy, people listen as well as talk; and since there are fewer of them they generally know and understand each other.

  • Move faster. They know the penalties for hesitation in the marketplace.

  • Are more transparent. In small companies, with fewer layers and less camouflage, the leaders show up very clearly on the screen. Their performance and its impact are clear to everyone.

  • Waste less. Small companies spend less time in endless reviews and approvals and politics and paper drills. They have fewer people; therefore they only do the important things. Their people are free to direct their energy and attention toward the marketplace rather than fighting bureaucracy.