Leading virtual teams like jack welch
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Transcript of Leading virtual teams like jack welch
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Leading Virtual Teams like Jack WelchHow to Train, Motivate, and Develop From Afar
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Some Stats About Jack
Jack Welch 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.
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JACK WELCHCreate Winning Companies by Creating Winning Teams
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Do everything themselves01
Outsource very specific tasks02
Place all responsibility for failure on the virtual assistant.
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Micromanage
03
How many entrepreneurs operate like Jack Welch?
Most Don’t. Instead, they:
Never truly develop past a one-man shop05
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The traditional views of outsourcing
Labor unionsA way for Scrooge-like executives to cut jobs and ruthlessly reduce expenses.
Corporate executivesA way to cut jobs and reduce expenses
Entrepreneurs and SolopreneursA way to affordably bring on more assistance and save time by offloading very basic, yet repetitive, tasks.
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What if we changed our view of outsourcing?What if we made a few transitions in our views of
outsourcing?
Long-term business partners and team
members
Temporary help
People eager for professional development
Task Rabbits
Real human beings
Abstract commodities
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The benefits of this new mindset for entrepreneurs
Your team is happier.
You increase their long-term value.
Your schedule becomes even more flexible.
They find more purpose in their work.
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How to invest in your virtual assistant team?
Pay for their education.01
Ask for their feedback.02
Encourage them to take risks.
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Allow them to develop their dream role03
Continually reaffirm their accomplishments.05
Celebrate successes.06
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How would you benefit from investing in people instead of projects?