Leadership Style and Their Effects on Ceos

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Leadership Styles and Their Effect on CEOs

Leadership Style and Their Effect on CEOs
LaKisha Feggins
November 21, 2012

Leadership Styles and Their Effect on CEOs

Abstract

The purpose of this essay is to analyze, compare, and contrast the leadership styles of two influential CEOs. I have collected information from many internet sources that elaborate on the life, achievements, and misfortunes of Jack Welch and Steve Jobs, and how they overcame their obstacles to become the best CEOs of all time.

Leadership Styles and Their Effect on CEOs

Leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more cohesive. Jack Welch and Steve Jobs exemplify the true meaning of what a leader is. Their personality traits of being conscientious open to experiences, extroversion, persistent, and passionate has led them to be the most phenomenal visionary leaders of their time.
Jack Welch was the chairman and CEO of General Electric between 1981 and 2001. During his duration at GE, he managed to introduce a fresh and innovative leadership style. Welch developed a ranking system that put employees in one of three categories. The top 20 percent were “stars”, the middle 70 percent were the crucial majority, and the bottom 10 percent were weeded out (Bloomberg, 1998). I admire and strongly agree with Welch’s management approach of making employee’s accountable. If you are hired to perform a job, then expecting results of a certain quality is justified. In addition, I believe that Welch’s passion for productivity and results allowed him to achieve effective performance management within his company. Results create success, and I believe most people tend not to raise their standards high enough if there are not serious repercussions that follow, such as being dismissed for not providing results.
Welch most notable achievement was increasing the market value of the General Electric firm.



References: Bloomberg, L,P. (6/28/2012). How Jack Welch Runs GE. Business Week. Retrieved November 20, 2012, from http://www.businessweek.com/1998/23/b3581001.htm Gallo, F. (3/17/2012). What Kind of Leader Was Steve Jobs? Calypso Consulting. Retrieved November 20, 2012, from http://www.chinacalypso.com/content/what-kind-leader-was-steve-jobs Juarez, A. (10/5/2011). A Different Kind of Leader. Studying Systems for a Humane and Sustainable World. Retrieved November 20, 2012, from http://saybrook.typepad.com/complexity/2011/10/a-different-kind-of-leader-steve-jobs-1955-2011.html Management Strategies From A Top CEO. (4/16/2010). Retrieved November 20, 2012, from http://www.investopedia.com/articles/financial-theory/10/manage-business-like-jack-welch.asp#axzz2CpmsLsRK

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