JACK WELCH

Presented by: Deepika Vipin Kaushik

Sunil Kumar Sharma Dhirendra Kumar Sharma

JOHN FRANCIS WELCH

Born in Salem in 19th November’ 1935

Father John, a Boston & Maine Railroad conductor & Mother Grace, a housewife

Mr. Welch, a native of Salem, Massachusetts USA

B.S Degree in Chemical Engineering from the University of Massachusetts in 1957

M.S and Ph.D. Degree in Chemical Engineering from the University of IIinois in 1960

JACK WELCH CAREER IN

In 1960, Mr. Welch joined GE as a Chemical Engineer

In 1972, he became youngest Vice President

In 1979, he became Senior Vice President

In 1981, he was chosen to be company’s eighth and youngest CEO

In 2001, he retired as Chairman and CEO of General Electric

LEADERSHIP QUALITIES

Down to Earth

Powerful

Create a vision and then make vision a reality

Focus on Strategies issue

Don’t micro manage

Involve everyone and welcome great ideas from everywhere

JACK WELCH THOUGHTS FOR MANAGEMENT

“Jack is the Tiger Woods of Management. All CEO’s want to emulate him. They won’t be able to, but

they’ll come closer if they listen carefully to what he has to say”

WELCH STRATEGIES :

Globalization

Services

In the 1995s – introduced Six Sigma

E-business

JACK WELCH WAS ALSO KNOWN AS :

DESTROYER OF NINE LAYER MANAGEMENT HIERACHY

JACK WELCH SUCCESS STORY :

TREMENDUOS LEADERSHIP SKILLS

EFFECTIVE COMMUNICATION WITH EMPLOYEES

INFORMAL LEARNING ENVIRONMENT

OTHER THOUGHTS SHARED BY WELCH

“If you’re not fast you can’t win … Speed is everything. It is the indispensable ingredient of competitiveness.”

Welch’s prescription for winning in business Speed Simplicity Self-confidence

IDEA IN ‘STRAIGHT FROM THE GUT’

Integrity  -  ”I never had two agendas” - There was only one way – the straight way

People First, Strategy Second  - Getting the right people in the right jobs is a lot more important than developing a strategy

Passion  - No detail is too small to making the dream true

Stretch  - Stretch is reaching for more than what you thought possible

Celebrations  -  Do business like to be fun

CONTD…

Competitors  -  Never underestimate the other guy

Owning the People  - Always run the factory people to build great leaders

Appraisals All the Time  - ”Appraisals to me were like breathing”

Chart Maker  -  He always thought that chart-making clarified thinking better than anything else

CONTD…

Setting a Tone  -  He always told that their business leaders their personal intensity & determined their organization’s intensity. 

Maximizing an Organization’s Intellect - Taking everyone’s best ideas and transferring them to others within organization