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Title and Author: Winning by Jack Welch and Suzy Welch Synopsis of Content: Jack Welch was the CEO at General Electric from 1981 to 2001. He did more than usher the huge corporation into the 21st century – he transformed it. In Winning, a book he wrote four years after retiring from GE Welch and his wife talk about the transformation at GE and how he engaged in the transformation that modernized GE and made it more nimble and responsive. In the routine he answers some basic questions in regards to winning including why it is indispensable to win, why companies must win and how to win. In some ways the themes and principles Welch covers are all too intimate to anybody who has read in regards to or worked with corporate management and strategy. He discusses the need for mission and values; the importance of candor and integrity in business, the value of differentiation and the need for dignity. He provides his formulas for leadership, hiring, firing, personnel management, alter management and crisis management. He addresses systems to deal with the competition, budgeting, organic growth, mergers and acquirements and Six Sigma. Welch winds up with your career – the importance of finding the right job, getting promoted, and work life balance. It bears noting here that this book is written by Welch and his wife regarding his work. It is not an goal to be attained presentation. Welch has his critics and was debatable when he was CEO. While this book offers a distinguishable clear or deep perception into how Welch sees his achievements at General Electric and the transformation he led one would want to read more goal to be attained works to get a more precise perspective of his work. Readability/Writing Quality: This is an easy read. It may be a bit elaborated at times but is never ponderous. This is worth the read whether or not you plan to dwell in corporate America. Notes on Author: Jack Welch begun his career at GE in 1961 and worked his way up the ranks to the top. He faced his part of failures, including being in charge of a chemical plant that exploded and burned. During his 20 years at the helm GE became the most priceless corporation in the world with a capitalization increase of $400 billion. He now serves as head of Jack Welch, LLC, a consulting firm that works with Fortune 500 CEO’s and speaks to business persons and students around the world. Three Great Ideas You Can Use: There are numerous outstanding ideas and lessons here, three of them are: 1. The greatest dirty little mystery in business is the sheer requisite for candor. Tell it like it is, whether the story is going to be well received or not. Candor breeds trust and credibility. The lack of it is toxic to the person and the organization. Trust happens when leaders are transparent, candid and keep their word – it is that simple. 2. An upbeat manager who goes regarding his day with a positive attitude ends up with an upbeat and positive institution filled with positive people. Nothing succeeds like positive. Unhappy persons have a tough time winning. 3. A leader’s occupation is to have all the right questions and to know where to look for all the right answers. Publication Information: Winning by Jack Welch with Suzy Welch Copyright: 2005 by Jack Welch, LLC. Published by Harper Collins. General Rating: Very Good |
August 15, 2011
Formula Years Timothy Collings Edworthy
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