Sunday, February 27, 2011

Jack Welch- General Electric

“Jack Welch grew to fame in the business world through his management success and skills during his many years at General Electric. Welch turned the struggling slow moving giant of a company into a dynamic growth company revered by many. During his 20 years of leadership at General Electric (GE) Welch increased the value of the company from $13 billion to several hundred billion.” (http://www.woopidoo.com/biography/jack-welch.htm)

Jack Welch is known for his no nonsense leadership style. His leadership gave him a reputation of being hard, even ruthless, but also fair when making business decisions. In his management style he did not have time for bureaucracy or a system of government. If managers didn't change they were replaced with someone that could change. He used his code of ethics to run his business. Managers were given free period in office as long as they followed the GE (General Electric) ethic of constant change and were determined to do better. I believe that his style of management and his leadership made him strive and made his business grow rapidly. With the right management style, I believe that many managers and entrepreneurs can shine and excel.

“General Electric saw great growth and expansion under Jack Welch's leadership. Through streamlining operations, acquiring new businesses, and ensuring that each business under the GE umbrella was one of the best in its field the company was able expand dramatically from 1981 to 2001.” (http://www.woopidoo.com/biography/jack-welch.htm)

1 comment:

  1. Mr. Welch exemplifies one style of leadership which he has shown to be effective. I'm sure his "no nonsense" policy encouraged many of his employees to think seriously about their work and maintain a high level of professionalism. Both aspects of a business are important for every company, but how a company chooses to approach them can be very different. For example, at Google, the company does not believe "professional" means suit and tie. They also give their employees greater freedom in terms of creative working styles, recognizing that every individual works differently. The key to any business' success is its ability to determine which leadership style best fits with the aims of the company and produces the greatest results.

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