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Leadership (Jack Welch). I have learned many lessons from Jack Welch on leadership. ...
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Submitted by joey4743 on April 20, 2008
Category: Business
Words: 2460 | Pages: 10
Views: 282
Popularity Rank: 34,779
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I have learned many lessons from Jack Welch on leadership. Jack Welch has been with the General Electric Company (GE) since 1960. Having taken over GE with a market capitalization of about $12 billion, Jack Welch turned it into one of the largest and most admired companies in the world by the time he stepped down as its CEO 20 years later, in 2000. Jack Welch used his uncanny instincts and unique leadership strategies to run GE, the most complex organization in the world and increased its market value by more than $400 billion over two decades. He remains a highly regarded figure in business circles due to his innovative leadership style. Jack Welch demonstrated Kouzes and Posner’s five practices of modeling the way, inspiring a shared vision, challenging the process, enabling others to act, and encouraging the heart, by both his words and his actions. Jack demonstrated the five principles so well that it is nearly impossible to separate his actions by the five principles because his actions can fit into all five categories. The most significant points include how open and candid Jack tried to be during his career. He constantly tried to model the way and inspire a vision of where General Electric should go by enabling others and challenging the status quo. He enabled others to act by creating an informal environment with less bureaucracy and a flatter hierarchy. Welch’s belief in people and their many complexities, as well as his sincere desire to teach and better others is an outstanding leadership lesson for all leaders.
Jack Welch modeled the way throughout his time at General Electric by thought is words and his behavior. In his interview on CEO Exchange he detailed how his management-training program at Crotonville was essential in clarifying his views and directions for the company. The leadership principles he preaches have changed the corporate paradigm, and will be used for many years, but would not have been possible...
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