Jack Welch advice business quotes  

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Jack Welch

 

   

25 Lessons from Jack Welch

Constantly Focus on Innovation

Shun the incremental and go for the leap

Search for the best ideas

 

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 Instill Confidence Make Business Fun Strategies of Market Leaders Be Number 1 or Number 2 Live Quality Constantly Focus on Innovation Small Company Ten3 BUSINESS e-COACH: global success Live Speed 25 Lessons from Jack Welch - Great Business Leader

 

Jack Welch advice business quotes

You have just got to constantly focus on innovation.
And more competitors.

Jack Welch

GE

 

 

   

Now the fundamentals have got to be more education. Faster learning, faster speeds, more technology across the board.

 

 

 

 

Invest in continuous education and training

Now, when everybody's job is many times faster than it was few years ago, the fundamentals have got to be more education, more training. "Everyone has to be gearing themselves to a faster pace, to more competitiveness, to more intellectual capital. That's the game."

Shun the incremental and go for the leap

Balance fast-growth, higher-risk businesses with dependable and steady ones. The rapid growth of a business may well be unpredictable. The dependable businesses, though, give a company "enormous staying power" and underpin a balanced portfolio. Constantly improve productivity. Successful companies value incremental gains. But make also surprise moves. Disrupt yourself rather than be disrupted. Invest in young innovative firms, especially if a synergetic relationship between the venture and one of more of your businesses is possible.

Search for the best ideas

Create an innovative atmosphere where people are confident that how far and fast they move is constrained only by the limits of their creativity and drive and by their standards of personal excellence.

 

 

 

Establish a "boundaryless" culture in which all employees at all levels of the company participate in innovation and problem solving. "The only ideas that count are the A ideas. There is no second place. That means we have to get everybody in the organization involved. If we do that right, the best ideas will rise to the top."

 

3Ss of Winning in Business

Stimulate Radical Idea Generation

Techniques for Quick Assessment of Ideas

 

 

Jack Welch advice business quotes

The only ideas that count are the A ideas.
There is no second place.

Jack Welch

GE

 

 

Practice systems thinking and holistic approaches

Seek to improve and optimize the totality of your business rather than the profits of its components. "Everything about this enterprise is doing more with less. It needs rejuvenation all the time. Quality is the next in the learning process. Getting rid of layers. Getting rid of fat. Involving everyone. All that was to get more ideas. The whole thing here is to create a learning organization."

 

Holistic Innovation

Systemic Innovation

Systems Thinking

Holistic Thinking

Barriers to Systems Thinking

GE Work Out

 

 

 

Jack Welch advice business quotes

You've got to constantly produce more for less through intellectual capital.

Jack Welch

GE

 

 

Invest in IT and information management

"The Internet is the Viagra of big business," says Jack Welch. Today information is understood as a competitive necessity, from resolving internal organizational issues to addressing market-based competitive realities.

Grow Your Competitor Intelligence

Spend an hour per week learning what competitors are doing. Spend time on their websites, or studying their ads, catalogues and conference papers.

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Corporate Open Innovation Models

GE implements multiple corporate open innovation models. They are built on its GE Open Innovation Manifesto, which says, We believe openness leads to inventiveness and usefulness. To this end, GE crowdsources innovation from experts and entrepreneurs worldwide to solve various internal challenges.

One of GEs significant initiatives is the First Build. It is a platform that enables the collaboration among designers, engineers, and budding innovators to share new ideas, mainly focusing on creating new home appliances. GE then makes the best ideas available for purchase so that companies develop them further and bring them to life.

 

 

 

   

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