Summary of Jack Welch and the GE Way

Management Insights and Leadership Secrets of the Legendary CEO

McGraw-Hill,
First Edition: 1998 more...

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Jack Welch and the GE Way book summary
Legendary General Electric CEO Jack Welch was tough and admired. How did he do it? By following a simple dictate: either fix it, close it, or sell it.

Rating

8 Overall

7 Applicability

8 Innovation

8 Style

Recommendation

Robert Slater’s book is an inside account of General Electric’s history since Jack Welch became Chief Executive Officer in 1981. Under Welch’s direction, GE made great strides in the economic community, both domestically and internationally. Welch is considered to be the toughest boss and the most admired manager in the United States. Although this is a company biography, it also contains hands-on advice that will serve any company well. It teaches companies how to restructure and how to make their employees more enthusiastic. It offers advice on how to change management and gives many examples of specific ways to help a business become a leader in its field. This well-written, well-organized book is easy to read and very entertaining. Chief Executive Officers who want to take their companies to a higher level should study it. Today’s business leaders can learn a lot from the lessons of Jack Welch. getAbstract recommends this book to all managers.

In this summary, you will learn

  • How Jack Welch instituted a comprehensive system that dramatically changed General Electric
  • How you can use his seven key ideas to bring your company to a higher level
 

Summary

America’s Most Admired Manager
Jack Welch is the CEO of General Electric Company, one of the world’s most profitable companies. In the United States, he is considered one of the six most influential people, the toughest boss and the most admired manager. Welch took over GE in 1981. By ...
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About the Author

Robert Slater has 25 years of experience with Newsweek and Time magazines. He has written a number of business books, including: Ovitz: The Inside Story of Hollywood’s Most Controversial Powerbroker; Get Better or Get Beaten! 31 Leadership Secrets from GE’s Jack Welch; The New GE: How Jack Welch Revived an American Institution and Soros: The Life, Times & Trading Secrets of the World’s Greatest Investor.


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