Jack Welch
Jack Welch
John Francis "Jack" Welch, Jr.is a retired American business executive, author, and chemical engineer. He was chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company's value rose 4,000%. In 2006, Welch's net worth was estimated at $720 million. When he retired from GE he received a severance payment of $417 million, the largest such payment in history...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth19 November 1935
CityPeabody, MA
CountryUnited States of America
As a leader, your job is to energize people around the mission and vision you've articulated.
You are not a leader to win a popularity contest-you are a leader to lead.
Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while.
The story about GE that hasn't been told is the value of an informal place. I think it's a big thought. I don't think people have ever figured out that being informal is a big deal.
Does coaching work? Yes. Good coaches provide a truly important service. They tell you the truth when no one else will.
Giving people self-confidence is by far the most important thing that I can do. Because then they will act.
Strategy is simply resource allocation. When you strip away all the noise, that's what it comes down to. Strategy means making clear cut choices about how to compete. You cannot be everything to everybody, no matter what the size of your business or how deep its pockets.
Don't lose youself on the way to the top.
I've learned that mistakes can often be as good a teacher as success.
You can't grow long-term if you can't eat short-term. Anybody can manage short. Anybody can manage long. Balancing those two things is what management is.
Strong managers who make tough decisions to cut jobs provide the only true job security in today's world. Weak managers are the problem. Weak managers destroy jobs.
Don't make the process harder than it is.
Genuine leadership comes from the quality of your vision and your ability to spark others to extraordinary performance.
The Internet is the Viagra of big business.