Nobody downloaded yet

Jack Welch - A Simple Leader of Genius - Essay Example

Comments (0) Cite this document
Summary
So, from the time Jack Welch has become the Chief Executive Officer (CEO) of the General Electric Corporation in 1980, the company witnessed the most far-reaching and drastic change in its management policy and global reputation. Under Welch's leading the company became the No.1 among the most valuable companies in the world…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
Jack Welch - A Simple Leader of Genius
Read TextPreview

Extract of sample
"Jack Welch - A Simple Leader of Genius"

Download file to see previous pages The custodial concept shows employees' orientation on money. It is known that one of the manager's needs is security, which is provided by using this concept, the result of which is simple passive cooperation.
The supportive and collegial theories also take their place, main principles of them being orientation on support and self-discipline respectively. But getting to know Jack Welch closer one becomes sure that this person used none of these theories, having created his own one, which turned the top managers of the global companies into talented and oriented leaders.
Jack F. Welch became a CEO in General Electric when he was 45, thus being the youngest manager of such level at the time. He spent his entire career with G.E., and with this company he has developed his concept of ever-continuous development of the company.
In the late 1970's it was already becoming apparent, that the G.E. Corporation was facing a state of being a victim of the global economy. National companies were losing their consumers, because foreign companies produced better goods for lower prices, and this was accepted by Welch as a very important sign. In his work he used the idea of all businesses being No.1 or No. 2 in their area, otherwise they were to be "fixed, closed or sold" (Tichy and Sherman, 16). He sold $12 billion of low profit businesses and bought $26 billion of highly profitable ones, thus allowing the profits and sales to increase from $1.5 billion in 1980 to $5.2 billion in 1993.
Welch has created a whole leadership philosophy, due to which G.E. has acquired the strongest balance sheet. Jack Welch was not simply a successful CEO - he was and is an undisputed all-time champion of the corporate leadership.
When Welch became a CEO, G.E. had a great number of problems, which were long-lasting and could become invisible for most of the top managers. First of all, the earnings of the company grew too slowly, capital expenditures were too high, thus making the capital flow slow as well, productivity growth was no more than 1-2% per year. He also noted that management was taking decisions too slowly, the company was overfilled with bureaucracy and he felt that in order to keep the company flowing, he must bring it through the most radical changes that have ever been accomplished in it.
He has formulated the six rules of management, which are so unique and universal at the same time that could be used not only in managing a company, but almost in every sphere of human life.
1. Control your destiny, or someone else will. According to this principle the employees must control their destiny themselves, that is, Welch gave them some kind of freedom in taking decisions. He strongly believed that this would make companies successful, opening talents and capabilities of workers. Now we are constantly amazed by how much people ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Jack Welch - A Simple Leader of Genius Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Jack Welch - A Simple Leader of Genius Essay Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/miscellaneous/1520666-jack-welch-a-simple-leader-of-genius
(Jack Welch - A Simple Leader of Genius Essay Example | Topics and Well Written Essays - 2000 Words)
Jack Welch - A Simple Leader of Genius Essay Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/miscellaneous/1520666-jack-welch-a-simple-leader-of-genius.
“Jack Welch - A Simple Leader of Genius Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/miscellaneous/1520666-jack-welch-a-simple-leader-of-genius.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
How Jack Welch Transforms Businesses Successfully
...How Jack Welch Transforms Businesses Successfully Introduction John Francis Welch, Jr (Jack Welch), the former CEO of General Electronic (GE) Company, is often regarded as one of the superior organizational leaders whose role had been quite imperative and prominent since the emergence of rapid growth of the global trade revolution. Jack Welch is also known as one of the successful as well as effective leaders who contributed his tremendous efforts towards impressive organizational developments. He has been with the GE since 1960 when the market capitalization of the company was around $12 billion. With his leadership qualities, Jack Welch gained the fame of being the youngest CEO in the history of GE in 1981. Contextually, his... to its...
6 Pages(1500 words)Research Paper
Book review on Winning Jack Welch (with Suzy Welch) Harper Collins 2005
...? Book review on Winning Winning is an extremely significant text written by Suzy and Jack Welch with the sole aim of answeringnumerous questions regarding management and business. For the past several years, Welch is said to have been bombarded with a series of questions from distinct business owners, team managers, employees, as well as HR directors alike. After numerous visits to such individuals within several parts of the globe, he effectively opted to summarize all the answers to these questions within one solid text known as Winning. Several questions, which were asked by the aforementioned individuals started being posed began during his 2001 and 2002 autobiography tour. As a...
4 Pages(1000 words)Book Report/Review
Jack Welch leadership principles
...? Jack Welch leadership principles Introduction Leadership refers to a process of influencing, motivating andinspiring others to follow you direction in order to achieve a particular objective. A leader should be able to think prior acting to avoid misleading others (Pava, 2003). Theories have been put forth to explain what leadership appertains. Among the theories include: theory of great man, situational theory, contingency theory, trait theory, managerial, human relation, participation and behavioral theory (Cherry, 2013). According to great man theory, great leaders are born rather than trained; this means that leaders emerge from automatically within...
4 Pages(1000 words)Assignment
Winning: Book lessons. Jack and Suzie Welch
..., budgeting among other aspects. The book has challenged the futures managers to have high prosperity for economic growth through the instilling of self confidence. The author has also challenged the future leaders from his book to invest more on the pooling of hardworking laborers, low-costs and rapidly expanding no. of well learned engineers. The future managers have also been challenged by the author of the book to bake entrepreneurship and competition in their working environment so as to improve the work ethics just like China. This will impact so much to ‘winning’ or getting it right for the company. Works Cited Welch, Jack and Welch, Suzie. Winning, London: Prentice Hall... because it gives insights and ideas. However the executive...
3 Pages(750 words)Book Report/Review
Winning Jack Welch (with Suzy Welch) Harper Collins, 2005
... on incentive like bonus to achieve the goal. The vision should be reinforced with bonus and rewards. He should be able to execute positive energy and confidence. Unhappy teams have less chances of winning. Leaders set up trust with frankness, transparency and credit. They never steal anyone’s idea calming it as theirs. He should be able to inform people where they stand in terms of their performance. He should have the courage to make unpopular and difficult decisions. He should have the courage to say the right thing. References Welch, Jack, and Suzy Welch. Winning. New York: HarperLargePrint, 2005. Print.... Winning Jack Welch Thesis The book is about how to keep your business booming. The book contains...
4 Pages(1000 words)Book Report/Review
Book report - Jack Welch - Winning
...Book Report - Jack Welch – Winning In a competitive world like the one we have today, true success stories come few and far between. However one shining example of success is General Electric and the company owes a lot to former CEO, Jack Welch who remolded the company during of the years of global economic fluctuations to give it back its position as one of the strongest business empires. To share all his years of experience as the top man at a historic company, Welch has written a book entitled Winning to describe his personal experiences and offer the hidden and not-so-hidden truths of making it to the top. The first section of the book, Underneath It...
3 Pages(750 words)Essay
Analyzing a key business leader. (Jack Welch, Henery Ford)
... Ford was to produce an affordable car. He is considered as an industry leader in the car manufacturing niche. He was the owner and founder of Ford Motor company, and till this day he is considered to be the most revolutionary and successful leader in the car manufacturing industry. He was not only a genius when it comes to thinking of the ways to produce cost effective cars, he was a perfect human resource mobilizer as well. In the times when industry was suffering from great economic depression, he managed to come up with increased wages policy of labor and still mange to scrape a lot of profit. This was all due to his participatory leadership approach. Ford’s approach towards leading was to lead from the front. Yet he was fond... of...
6 Pages(1500 words)Essay
Case study of Jack Welch at General Electric
...Management: Case study of Jack Welch at General Electric By any tally, the universe is transforming faster than ever before. The numbers of people are growing rapidly, and the activities of an organization are felt in many more ways. This transformation has salient implications for the business, and this implies that how a firm responds to the society’s anticipations is at the fore front. Though defined by many scholars, a more synthesized definition of corporate social responsibility regards it as a business’ dedication to impart sustainable economic growth, working with employees, their families, their local communities and the society at large to augment the quality of life (Kotler & Lee...
3 Pages(750 words)Essay
Book review: Winning by Jack Welch
...Jingtian Tan Bus 109 Dr. Jasso 2/2 Book Review for Winning Jack Welch, the if Winning, is a man who has had more than forty years of experience in management and this is perhaps one of the reasons why the book is among one of the most insightful reads concerning how to succeed in the modern business environment. His many years as the head of General Electric saw his continued success in leading the company through some of its greatest moments of success around the world, despite having to face a diverse number of markets as well as vicious competition from its rivals. Because of his honest style of conducting business, Welch has come to be considered one of the most influential...
1 Pages(250 words)Book Report/Review
Winning by Jack Welch
...). Make an exaggerated compassion and ability to success for the new idea, get off the new ventures back and give it freedom to thrive (Welch 211). Reflection on the Books Impact on the Future Manager When future managers read and understand Welch’s book, they would be able to manage their businesses or organizations in a more fun, and compassionate way. When choosing who to lead an organization, the owners will look for passionate people run their businesses with more success. Strategies used to grow the business will change from the overly discussed plans to the simple, straightforward way of winning and succeeding in business and management. Conclusion Jack...
3 Pages(750 words)Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Jack Welch - A Simple Leader of Genius for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us