Jack Welch
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JACK WELCH
Jack's vision and courage, his ability to prevail, his art of motivation and, of course, his success, make him the role model of entrepreneurs and managers worldwide Arun Khedia
JOHN FRANCIS WELCH • Born in Salem in 19th November’ 1935 • Father John, a Boston & Maine Railroad conductor & Mother Grace, a housewife • Mr. Welch, a native of Salem, Massachusetts USA • B.S Degree in Chemical Engineering from the University of Massachusetts in 1957 • M.S and Ph.D. Degree in Chemical Engineering from the University of IIinois in 1960 Arun Khedia
JACK WELCH CAREER IN • In 1960, Mr. Welch joined GE as a Chemical Engineer • In 1972, he became youngest Vice President • In 1979, he became Senior Vice President • In 1981, he was chosen to be company’s eighth and youngest CEO • In 2001, he retired as Chairman and CEO of General Electric Arun Khedia
JACK WELCH SUCCESS AS CEO OF GE
JACK WELCH Chairman & CEO, 1981 – 2001
Arun Khedia
THE WELCH ERA AT GE : 1981-2001 During initial five years as CEO he initiated : • Massive Job cuts • GE should be No.1 or No. 2 in all businesses or get out of them • Disposed off the business with low-growth prospects • Informal Company • Shed more than 1,00,000 workforce through layoffs. • Expanded business • Acquisition of RCA Corp.
Arun Khedia
JACK WELCH KING OF SHAREHOLDER VALUE
Welch's reputation as "price" and his achievement as "earnings." Arun Khedia
JACK WELCH SUCCESS STORY : • TREMENDUOS LEADERSHIP SKILLS • EFFECTIVE COMMUNICATION WITH EMPLOYEES • INFORMAL LEARNING ENVIRONMENT
JACK WELCH WAS ALSO KNOWN AS : • DESTROYER OF NINE LAYER MANAGEMENT HIERACHY • NEUTRON JACK Arun Khedia
JACK WELCH STRATEGIES & LEADERSHIP
Arun Khedia
WELCH STRATEGIES : • Globalization • Services • In the 1995s – introduced Six Sigma • E-business
Arun Khedia
LEADERSHIP QUALITIES • Down to Earth • Powerful • Create a vision and then make vision a reality • Focus on Strategies issue • Don’t micromanage • Involve everyone and welcome great ideas from everywhere
Arun Khedia
JACK WELCH THOUGHTS FOR MANAGEMENT “Jack is the Tiger Woods of Management. All CEO’s want to emulate him. They won’t be able to, but they’ll come closer if they listen carefully to what he has to say”
Arun Khedia
WELCH’S SEVEN POINT PROGRAM FOR MANAGEMENT BY LEADERSHIP • Develop a vision for the business • Change the culture to achieve the vision • Eliminate bureaucracy • Empower individual • Raise Quality and Efficienc • Eliminate boundaries • Flatten the organization Arun Khedia
OTHER THOUGHTS SHARED BY WELCH “If you’re not fast you can’t win … Speed is everything. It is the indispensable ingredient of competitiveness.”
rescription for wining in business
ty fidence
Arun Khedia
JACK WELCH : AFTER RETIREMENT THE WRITER • In September’ 2001, Mr. Welch published his autobiography, “Jack Straight from The Gut.” – Won Best Book Seller Awards • Winning from Jack Welch & his wife Suzy welch OTHER ACTIVTIES : • He Serves as advisor of Fortune 500 business CEO’s • Speaks to business people and students around the world •Start teaching at MIT Sloan School of Management Arun Khedia
Arun Khedia
Jack's vision and courage, his ability to prevail, his art of motivation and, of course, his success, make him the role model of entrepreneurs and managers worldwide Arun Khedia
JOHN FRANCIS WELCH • Born in Salem in 19th November’ 1935 • Father John, a Boston & Maine Railroad conductor & Mother Grace, a housewife • Mr. Welch, a native of Salem, Massachusetts USA • B.S Degree in Chemical Engineering from the University of Massachusetts in 1957 • M.S and Ph.D. Degree in Chemical Engineering from the University of IIinois in 1960 Arun Khedia
JACK WELCH CAREER IN • In 1960, Mr. Welch joined GE as a Chemical Engineer • In 1972, he became youngest Vice President • In 1979, he became Senior Vice President • In 1981, he was chosen to be company’s eighth and youngest CEO • In 2001, he retired as Chairman and CEO of General Electric Arun Khedia
JACK WELCH SUCCESS AS CEO OF GE
JACK WELCH Chairman & CEO, 1981 – 2001
Arun Khedia
THE WELCH ERA AT GE : 1981-2001 During initial five years as CEO he initiated : • Massive Job cuts • GE should be No.1 or No. 2 in all businesses or get out of them • Disposed off the business with low-growth prospects • Informal Company • Shed more than 1,00,000 workforce through layoffs. • Expanded business • Acquisition of RCA Corp.
Arun Khedia
JACK WELCH KING OF SHAREHOLDER VALUE
Welch's reputation as "price" and his achievement as "earnings." Arun Khedia
JACK WELCH SUCCESS STORY : • TREMENDUOS LEADERSHIP SKILLS • EFFECTIVE COMMUNICATION WITH EMPLOYEES • INFORMAL LEARNING ENVIRONMENT
JACK WELCH WAS ALSO KNOWN AS : • DESTROYER OF NINE LAYER MANAGEMENT HIERACHY • NEUTRON JACK Arun Khedia
JACK WELCH STRATEGIES & LEADERSHIP
Arun Khedia
WELCH STRATEGIES : • Globalization • Services • In the 1995s – introduced Six Sigma • E-business
Arun Khedia
LEADERSHIP QUALITIES • Down to Earth • Powerful • Create a vision and then make vision a reality • Focus on Strategies issue • Don’t micromanage • Involve everyone and welcome great ideas from everywhere
Arun Khedia
JACK WELCH THOUGHTS FOR MANAGEMENT “Jack is the Tiger Woods of Management. All CEO’s want to emulate him. They won’t be able to, but they’ll come closer if they listen carefully to what he has to say”
Arun Khedia
WELCH’S SEVEN POINT PROGRAM FOR MANAGEMENT BY LEADERSHIP • Develop a vision for the business • Change the culture to achieve the vision • Eliminate bureaucracy • Empower individual • Raise Quality and Efficienc • Eliminate boundaries • Flatten the organization Arun Khedia
OTHER THOUGHTS SHARED BY WELCH “If you’re not fast you can’t win … Speed is everything. It is the indispensable ingredient of competitiveness.”
rescription for wining in business
ty fidence
Arun Khedia
JACK WELCH : AFTER RETIREMENT THE WRITER • In September’ 2001, Mr. Welch published his autobiography, “Jack Straight from The Gut.” – Won Best Book Seller Awards • Winning from Jack Welch & his wife Suzy welch OTHER ACTIVTIES : • He Serves as advisor of Fortune 500 business CEO’s • Speaks to business people and students around the world •Start teaching at MIT Sloan School of Management Arun Khedia
Arun Khedia
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