Recently, I finished reading this book
and it is the most interesting book on Management Insights and Leadership
secrets of the Legendary CEO Jack Welch. Robert Slater has contributed so well and
it is his second book on Jack Welch. GE is the most valuable company in the
world and Jack Welch, GE’s CEO is the most acclaimed CEO of the world. This
book tells in details the Welch Strategies and Management Secrets. Under his
leadership, GE became the first company in the world to apply six-sigma
strategy in their work.
This book also offers a rare look
into the mind of Jack Welch illuminating his vision and prescriptions for the
future of business. Slater has highlighted the GE revolution of achieving double-digit
growth in a boundary less organization and feature over 30 of Jack Welch’s
leadership secrets. Jack Welch does not believe in sitting still. His innovative,
breakthrough leadership strategies as CEO have transformed GE into a highly
productive and labor efficient powerhouse. One of the good quotes in this novel
is “Act like a leader not a manager.”
One of the Welch strategies that I like
in this book is – “Welch was open to take feedback from every employee of his
organization, starting from a labor employee to a General Manager.” Companies will
do well to with this advice on how to foster an open ended, informal work
atmosphere that will encourage employees to speak out, breaking down the walls
of hostility between managers and subordinates.
His commitment towards the
organization motivates his employees. Welch commitment and dedication for the
company came when he said, “GE will be the top most production company in the
sector, otherwise GE will stop producing products.” This statement and vision
of Jack Welch drives GE into the top Fortune 500 companies. In 1997, GE led
Business week list of all companies worldwide in market value for the second
consecutive year and achieved near top ranking of the most profitable companies
in the U.S.
This book gives an overview of
Welch philosophy on how to manage and how not to manage and covers topics such
as building a market-leading company, forging the boundary less organization,
harnessing people for competitive advantage, pushing service, and globalization
for double-digit growth.
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