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
Jack Welch quotes about
Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.
If I had to run a company on three measures, those measures would be customer satisfaction, employee satisfaction and cash flow.
Hierarchy is an organization with its face toward the CEO and its ass toward the customer.
No company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve it.
The team with the best players usually does win - this is why you need to invest the majority of your time and energy in developing your people.
When employees underperform, a leader tells them so.
Shareholder value is a result, not a strategy . . . Your main constituencies are your employees, your customers and your products.
Managers often hold on to resisters because of a specific skill set or because they've been around for a long time. Don't.
Trust happens when leaders are transparent.
Leadership is helping other people grow and succeed. it is not just about you. It's all about them.... everyone deserves a chance.... you can never let yourself be a victim.
The most important job you have is growing your people, giving them a chance to reach their dreams.
Too often we measure everything and understand nothing. The three most important things you need to measure in a business are customer satisfaction, employee satisfaction, and cash flow. If you’re growing customer satisfaction, your global market share is sure to grow, too. Employee satisfaction gets you productivity, quality, pride, and creativity. And cash flow is the pulse—the key vital sign of a company.
Ideally, the star will be replaced within eight hours. This sends the message that no single individual is bigger than the company.
Protecting underperformers always backfires.