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?
1.Born in Salem, Massachusetts, in 1935.
a. Growing up The family lived in one of the poorer neighborhoods of Salem, Massachusetts. Welch has said that his mother was the most important influence on him, cheering him on in sports and academics, and always encouraging him to strive for more
b. Schooling Welch continued to pursue his education at the University of Illinois, with M.S. and PhD degrees in chemical engineering.
B. Moving up the Corporate latter in GE
II. Leadership Style of Jack Welch
A. Strategy "Fix it, Sell it, or close it" Jack Welch fired more then 100,000 people (almost one in four). Neutron Jack devised the "vitality curve" where the bottom 10 per cent of employees were challenged to improve or leave.
B. Took General Electric from $13 billion in 1981 to more than $300 billion when he left in 2001. Ran GE like a corner shop keeping an eye on profits, cash flow, and people
III. What is he doing now?
A. After his retirement in 2001 served as corporate consultant to a group of Fortune 500 companies, all in different industries
B. Wrote New York Times best seller "Straight from the Gut" published in Sept. 2001 Has a new book coming out in 2005 entitled "Winning" a how-to book with Suzy Wetlaufer, former Harvard Business Review editor and Welch's fiancée.
Management Guru Jack Welch - Inspirational Visionary
Jack Welch is one of America's best known and most highly respected corporate CEO's of all time. Vadim Kotelnikov's website Leadership and New Management Secrets discusses how Jack Welch's vision to restructure General Electric to a "unique learning culture and boundaryless [sic] organization" has help make GE one of the fastest capital growing companies. In the 1980's he was said to be "the biggest S.O.B.," but today his management techniques are now credited with empowering the employee ("Jack Welch Gurus"). 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.
Jack Welch was born on November 19, 1935 in Salem, Massachusetts ("Thought Leader"). His father, John Francis Welch, Sr. was a conductor with the Boston & Maine Railroad. His mother, Grace Andrews Welch, was a housewife. Welch has said that his mother was the most important influence on him, cheering him on in sports and academics, and always encouraging him to strive for more. Competitive and outspoken even as a child, he was known among his friends as an expert negotiator as well as a diehard opponent. He and his friends converted and excavated gravel pits into a park where they played fiercely competitive games; they called it "the Pit." Jack Welch excelled academically as well. In school, Welch played several sports, including hockey, golf, and baseball.
He was a Junior Rotarian, senior class treasurer, and a member of the Student Council. He was voted "most talkative and noisiest boy" by his classmates, and in a high school literary magazine he named his repressive desire as "to make a million." Welch did not win the Navy ROTC scholarship for which he was nominated, and he had to put aside his dreams for going to Dartmouth for the less prestigious, but less expensive University of Massachusetts. While at the University of Massachusetts, Welch majored in Engineering, achieving high grades in spite of his active social life in an athletic fraternity. After finishing college he went to Graduate School at the University of...
Cited: Rather, Dan, "GE 's Jack Welch Under Fire," CBS Evening News Transcript, 1998, 2
Rosenstein, Bruce "How GE Chief Welch Rallies GE 's Troops," USA Today, September 1998, 15b.
Tribune Business News. "In Boston, former GE chief Jack Welch works on new book with new wife."
The Boston Globe Oct 3, 2004, pITEM04277007
Welch, John, "John Welch, Jr.," Narrative Biographies, American Decades, CD- Rom,
Gale Research, 1998, 302
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