Jack Welch - 1492 Words

Erica Walker Jack Welch Dr. Kim 6 February 2014 Jack Welch: Icon of Leadership Jack Welch has been named the â€Å"Manger of the Century† and has made innovative changes to management practices. He was born as John Francis Jr. on November 19, 1935 in Salem, Massachusetts. He attended Salem High School and then after graduating went to the University of Massachusetts. At the University of Massachusetts, Jack Welch received Bachelor of Science degree in chemical engineering. After getting his bachelor degree he went to the University of Illinois and received his Masters and Doctorate. Jack Welch became a member of General Electrics in 1960. While working at GE, Jack Welch made a significant impact, but his start at GE was shaky.†¦show more content†¦Energizers know how to put excitement in people to fight for something. They are willing to give other credit when it’s due. Also, take responsibility for dilemmas. The third E is for edge. Mangers who have edge know how to stay above the competition. They have the strength to make the difficult decisions. No matter the degree of difficulty they are able to make the decision without a problem. The final E is for execute. Execution is the key to making the other e’s work. Managers who execute know how to convert the other e’s into actions and results. All these e’s working together create passion. When a company has passionate managers and employees, it has great success. Jack Welch developed passion within himself and his employees to create one of the most profitable companies in America. Managers who know how to motivate their employees will get the best out of their employees. Motivating employees can be from increase in pay to employee of the month to more training. Jack Welch created a rule for motivation. The rule was called 20-70-10. The employees are divided into these three group based on job performance. The 20 is top twenty (20) percent in the company. These employees are above average. The 70 is the middle percent. These employees have average job performance. They can move up to the top twenty or move down. The 10 is the lower percent and they are likely to be fire. Figuring out where employees stand in the company helpShow MoreRelatedJack Welch1064 Words   |  5 PagesHow difficult a challenge did Welch face in 1981. How effectively did he take charge? Welch encountered a very difficult situation in 1981; the economy was in a recession, almost one of the worst recessions any organization has witnessed since the Great Depression of 1929.  Ã‚  The strong dollar was losing value and the unemployment rate was at an all time high.  Ã‚  Interest rates were consistently on the incline during the time Welch took over as CEO of GE.  Ã‚  Jack Welch was both a transformational andRead MoreLeadership Style of Jack Welch981 Words   |  4 Pagessurely Welch has proved himself a master painter. - Business Week, May 28, 1998. The two greatest corporate leaders of this century are Alfred Sloan of General Motors and jack Welch of GE. And Welch would be the greater of the two because he set a new, contemporary paradigm for the corporation that is the model of the 21st Century. - Noel Tichy, Professor of Management, University of Michigan, and a longtime GE observer. Introduction |On September 6, 2001, John Francis Welch Jr. (Jack Welch)Read MoreEssay on Leadership (Jack Welch)2523 Words   |  11 PagesI 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 marketRead MoreJack Welch Leadership Essay2742 Words   |  11 Pages15-LD-Leadership Stories-2 Thursday, April 10, 2014 Jack Welch I have selected Jack Welch former Chairman and CEO of General Electric. I chose Mr. Welch as he is such a renowned business man and success story. Moreover, he is a local product and I grew up hearing how GE was such a great company as many of my mother’s friends and family were employed by GE. I knew little besides generalities of his abrasive personality and his no-funny-business personality. After reading his biography and researchingRead MoreManagement Guru Jack Welch - Inspirational Visionary2858 Words   |  12 Pages Management guru Jack Welch, former CEO of General Electric, has been instrumental in forming today s top business management leaders by imparting effective knowledge in leadership management; he is widely credited with transforming GE into a multibillion-dollar conglomerate. I. Jack Welch Ââ€" Who is the man? A. Biography Ââ€" 1.Born in Salem, Massachusetts, in 1935. a. Growing up Ââ€" The family lived in one of the poorer neighborhoods of Salem, Massachusetts. Welch has said that hisRead MoreEssay about Career Biography of Jack Welch2772 Words   |  12 PagesCareer Biography of Jack Welch Management guru Jack Welch, former CEO of General Electric, has been instrumental in forming today’s top business management leaders by imparting effective knowledge in leadership management; he is widely credited with transforming GE into a multibillion-dollar conglomerate. I. Jack Welch – Who is the man? A. Biography – 1.Born in Salem, Massachusetts, in 1935. a. Growing up – The family lived in one of the poorer neighborhoods of SalemRead MoreGeneral Electric Under Jack Welch999 Words   |  4 PagesDescription: General Electric under Jack Welch        Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   GE should have applied their corporate social responsibility duty as stated by General Robert E. Wood in the Sears Annual report for 1936; he said â€Å"the chief constituencies of the company—customers, the public, employees, sources of merchandise supply, and stockholders. Stockholders being last as they could not attain their â€Å"full measure of reward† unless the other groups were satisfied first.† Ironically, after Welch’s retirementRead MoreA Case Study Looks At The Transformation Created By Jack Welch Essay1591 Words   |  7 Pagescore problem would be, because the case study looks at the transformation created by Jack Welch over two decades. The case study explains the changes made overtime that made the company become what it was by the end of the two-decade transformation. That leads readers to look at what could have had the most impact on the company, and for this particular case study the impact came from the drastic changes made by Welch when he became CEO in 1981. While the change was not terrible there are ways to handleRead MoreCompare Leadership Styles Between Jack Welch and Jeff Immelt4058 Words   |  17 PagesConclusion 8 5. Recommendations 9 References 9 Appendix A – Biographies 10 Jack Welch 10 Jeff Immelt 11 Appendix B - Stories of Success 12 Story 1 – Jack Welch and Six Sigma 12 Story 2 – Jeff Immelt, An Inauspicious Beginning 13 Story 3 – Obama appointed GE CEO Jeffrey Immelt as Head of New Economic team 14 1. Introduction This section would introduce some very brief biographies about Jack Welch (former CEO) and Jeffrey Robert Immelt, or Jeff Immelt (the current CEO) of GeneralRead More Jack Welch Essay2595 Words   |  11 PagesJack Welch - Leadership Secret 1- Harness the Power of Change It is important in today’s changing economy that business leaders are not afraid to make necessary changes to succeed. When Jack Welch became CEO of General Electric in 1981, it was a lethargic business, satisfied with its output and entangled in bureaucracy. He understood the competition that overseas markets presented and the need for a new global strategic plan. He was able to envision the true potential of his resources