Leadership Lessons from Mr. Jack Welch

Presented by:-

• Vinay Kakade• Vinayak Badiger• Vishnupriya K

Jack welch at General Electric (GE)

• In 1960, Jack Welch joined General Electrics in the Plastics Division in Pittsfield, Massachusetts, USA.

• Because of his good work in 8 years, in 1968, Jack Welch was made the company’s youngest General Manager at the age of 33.

• In 1980, General Electric announced the name of it’s 8th Chief Executive Officer : 45 year old – John Francis Welch (Jack Welch).

Principles of Jack Welch at GE

• LEAD, Not MANAGE

- Articulate a vision and lead others to execute it - Don’t manage very little details- Involve everyone and welcome great ideas

• GET LESS FORMAL 

- Brainstorm with colleagues and bosses- Hold more informal meetings- Consider occasional informal get-togethers

• Don’t TOLERATE Bureaucracy, BLOW it Up! :-

- Drop unnecessary work - Work with colleagues to streamline decision making

- Make your workplace more informal

• Face REALITY. Stop Assuming

- Look at things with a fresh eye - Don’t fall into the ‘false scenarios’ trap - Leave yourself with several options

• SIMPLIFY Things:-

- Simplify the workplace- Make meetings simpler- Eliminate complicated memos and letters

• CHANGE- An Opportunity, Not a Threat:-

- Know that change is here to stay- Expect the least expected, but move quickly to stay a step ahead- Prepare those around you for the inevitable change that will affect their lives

• Lead by Energizing Others, not Managing by Authority:-

- Never lead by intimidation- Let others know exactly how their efforts are helping the organization

- Send handwritten thank-you notes to colleagues and customers

• Defy, not Respect Tradition:-

- Hold a ‘why do we do it that way?’ meeting- Invite colleagues from your department to contribute one idea on - changing something important

• Don’t Make Hierarchy Rule, but Intellect

- Spend 1 hour per week learning what competitors are doing- Offer a reward for the best idea- Work for organizations committed to training and learning

• Pounce Everyday, Don’t Move Cautiously

- Live with a sense of urgency - Make decisions faster- Work harder

• Put Values First, not Numbers

- Don’t harp on the numbers- Lead by examples- Let values rule

• Don’t try to Manage Everything, Manage Less

- Don’t get bogged down in meaningless details- Manage less- Empower, delegate, get out of the way

Conclusion

Jack Welch is America’s most role modelled idol. He is recognised as a guru of management. He had the zeal and the optimism of a winning football coach: exciting, remarkable, staggering and incredible. It was clear from the day he took the company that he planned to launch a revolution at G.E. He wasted no time in executing his plans. He made General Electric leaner, tougher, more competitive with fewer people, fewer business units and fewer management. He lead a series of revolutions at General Electric, seeking to recast a highly bureaucratic, labour- intensive corporate giant into a highly productive machine that would function with the speed and simplicity of a small entrepreneur company.