Discover what some of the most successful minds in business and finance have to say In the fully revised Second Edition of Jack Welch Speaks, Lowe presents-in Jack Welch's own words-the insights, visions, and philosophies that have guided Welch throughout his extraordinary career at GE and his post-GE life. This book offers an objective assessment of Welch-from the management principles that helped him soar to the controversy surrounding his compensation package-and provides lessons in leadership that cannot be found anywhere else. With this book as their guide, readers will not only learn how Jack Welch became one of the world's most-lauded CEOs, but they'll also discover exactly what it takes to achieve unparalleled success in today's dynamic business environment. Janet Lowe (Carlsbad, CA and Santa Fe, NM) is the author of the bestselling Bill Gates Speaks (0-471-29353-9) and Oprah Winfrey Speaks (0-471-39994-9). Her articles have appeared in such publications as Newsweek, the Christian Science Monitor, the Los Angeles Times, and the San Francisco Chronicle.
- be a leader, not a manager. - we’re going to win on our ideas, not by whips and chains. - decimal points are for bureaucrats. - What our system has is freedom - it allows young engineers to move up fast. If we put bureaucracy and rigidness into our system, we play into our competitors’ hands. - if we are to get the reflexes and speed we need, we’ve got to simplify and delegate more - simply, trust more. - we have to get faster if we are to win in a world where nothing is predictable except the increasingly rapid pace of change. - Finding the right managers and motivating them is Welch’s single greatest task. - you’re either the best at what you do or you don’t do it for very long. - reach employees by simplifying the message. - If they don’t go out and care about their people, the people won’t do things for them. You have to constantly show that you care. - I’ve been in this job 14 years and been wrong about a lot of things. But one prediction I’ve made at least 14 times has always come true: that things are going to get tougher, the shake outs more brutal and the pace of change more rapid. - we are betting everything on our people - empowering them, giving them resources and getting out of their way. - The biggest challenge is to be fair. No one trains you to be a judge. - Von Moltke believed strategy was not a lengthy action plan, but rather the evolution of a central idea through continually changing circumstances. - Tell people the truth, because they know the truth anyway. - If I’d gone to MIT I would have been down the bottom of the pile and never got my head out. By going to a small school I was fortunate enough to get a lot of self-confidence. - punishing failure assured that no one dares l.
A most unusual CEO and that is why books are written about Jack Welch. Author Janet Lowe begins with a brief background of Jack in growing up, attending school, active in sports, and then off to college. I was impressed how Janet would describe events taking place and then in italics CEO Jack would speak. In his 20 years at the top of one of worlds largest organizations you could clearly witness even Jack changed in his Leadership style over 2 decades. Often argued he was too tough, or spoke from the cuff, or allowed to many decisions at lower levels. However, the success of the organization under his watch is "proof in the pudding". For you business readers, you may want a pen in hand to make notes throughout this book as I did. Don't hold back from writing, underlining, highlighting, directly in the book. No one else will read it. Or will they?
Jack Welch is portrayed as driven but balanced, open to change yet relentless on a chosen track. His views: keeping it simple, being number 1 or 2, communicating honestly, viewing the employer-employee partnership as a mutual effort to achieve a goal, boundarylessness, acting small but using the power of size, business should be exciting, what's to the right of the decimal is for beauracrats, it's about leadership rather than magagement.
Jack Welch is no doubt a smart & strong leader. It was interesting to learn about his rise to CEO. Still hard to separate between his skill & success and the corruption & pollution of GE. "Tell people the truth. People always know the truth anyway."
So far completed almost half of the book and am surprised by his approach towards the company,people and the decisions he made. I recommend every one to read for developing leadership qualities rather i can say to give birth to new role (as leader) in everyone.
If you have read Winning by Welch I highly recommend you to read this by the author. The author complied the essence of Jack over his many years in GE. From his humble beginnings all the way to his leadership as chair in GE. 5/5
The book provides the insight into the life and management style of one of the top CEOs of the 1980s and 1990s. Given how GE as a company has evolved under his leadership is fascinating to read. A good read for someone who wants to read about nuances of leadership.
Not what I was expecting. It was an author writing about Jack Welch using quotes and stories without any actual interviews or words from Jack Welch himself. Disappointing. Didn't even finish it.