Question "Winning" is written by Jack Welch and‚ whether you love him or hate him‚ the guy has real experience in running a large corporation successfully. This is unlike so many other authors who can be somewhat academic. Welch began his career with the General Electric Company in 1960‚ and in 1981 became the company ’s eighth chairman and CEO. During his tenure‚ GE ’s market capitalization increased by $400 billion‚ making it the world ’s most valuable corporation. Jack retired in 2001 and he is currently
Premium General Electric Management Leadership
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
Premium Leadership General Electric Jack Welch
HBR - GE ’s Two-Decade Transformation: Jack Welch ’s Leadership Dawn Davis California Baptist University Professor Putulowski 18 October 2014 Summary of Backgrounds and Facts Jack Welch introduced transformational leadership at General Electric (GE) with the aim of stretching the organization towards achieving global objectives. Welch took the helm of the organization in 1981‚ at a time when the US economy was overwhelmed by recession. In addition‚ his predecessor‚ Jones‚ had introduced a highly
Premium Six Sigma Management Quality assurance
Winning by Jack Welch The book Winning by Jack Welch was written in 2004. It is a straight forward book that goes into all aspects of running a business and becoming a successful leader. The author was the CEO of General Electric for over 20 years. Welch retired in 2001 and spends his time traveling around the world giving speeches‚ answering questions and giving advice about how to be able to run a successful business. After a couple of years of touring and giving advice he decided to put it
Premium Management Leadership Aerosmith
William M. Grissett Business ethics WK 4 Research paper Malden Mills Ethical question June 25‚ 2009 Aaron Feuerstein greeted the brisk New England morning of December 11th‚ 1995 with unusual optimism‚ especially for a man almost seventy years old. After all Malden Mills was the last of the New England garment factories‚ and a century old family business besides! Known as the leading innovator‚ producer‚ and marketer of branded‚ high quality performance textiles for the outdoor products
Premium Corporate social responsibility Social responsibility Business ethics
of Malden Mills Introduction On December 11‚ 1995 a fire burned most of Malden Mills to the ground and put 3‚000 people out of work. Most of the 3‚000 thought they were out of work permanently. A few employees were with the CEO in the parking lot during the fire and heard him say “This is not the end.” With these words began a saga that has made Aaron Feuerstein a legend among American leaders and a hero to his employees‚ (Boulay‚ Art). Central Facts about the case In the 1980’s Malden Mills
Premium Morality Ethics Duty
Jack Welch‚ the Chairman and CEO of General Electric between 1981 and 2001‚ the most lauded CEO in the world‚ and the best CEO in America‚ built GE in to the most successful American corporation of the late twentieth century by his unique management strategies. To evaluate what Jack Welch has done and judge his achievement is not so simple‚ moreover‚ it is complicated. No one is perfect leader‚ since Chinese people regard Mao to be the most respectful leader in history even though he made some big
Premium Management General Electric 20th century
How difficult a challenge did Welch face in 1981? How effectively did he take charge? When Jack Welch took over as CEO of GE in April 1981‚ the world was in a recession. GE needed to be restructured‚ and this involved restructuring‚ reduction of its payroll and modernization. Jack Welch adopted a strategy of “Fix‚ Sell or Close”. This strategy enabled GE to exit unprofitable businesses and restructure loss-making businesses into profitable businesses. Jack Welch’s management technique adopted
Premium Management General Electric Goal
Leadership Talents of Jack Welch Submitted by: Leadership Talents of Jack Welch Jack Welch was a successful Chief Executive Officer (CEO) of General Electric Co. (GE) for twenty years (1981 – 2001). He was admired and feared for the “new vision” that was implemented at GE. Jacks talented strategies were based on how he saw the hierarchy layers of management‚ how he analyzed the 42 strategic business units‚ and how he implemented the culture of GE to have the feel and the passion that he
Premium General Electric Management occupations Executive officer
Born | John Francis Welch‚ Jr. (1935-11-19) November 19‚ 1935 (age 76) Peabody‚ Massachusetts‚ U.S. | Residence | Boston‚ Massachusetts‚ U.S. | Occupation | Former CEO of General ElectricAuthor | Net worth | $720 million (2006)[1] | Spouse | Carolyn Welch‚ Jane Welch‚ and Suzy Welch | Jack Welch John Francis "Jack" Welch‚ Jr. (born (1935-11-19)November 19‚ 1935) is an American chemical engineer‚ business executive‚ and author. He was Chairman and CEO of General Electric between 1981 and
Premium Jack Welch General Electric