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Jack Welch and the GE Way

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Jack Welch and the GE Way

Management Insights and Leadership Secrets of the Legendary CEO

McGraw-Hill,

15 min read
10 take-aways
Text available

What's inside?

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.

Editorial Rating

8

Qualities

  • Innovative

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.

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 1990, GE had transformed into the most powerful company in the U.S. The company’s market capitalization made GE the most valuable corporation in the world at that time. The company is now more service-oriented than manufacturing h retires a few years from now?-oriented, although it still produces light bulbs, refrigerators and locomotives. GE competes in many major international industries, including aircraft engines, appliances, capital services, lighting, medical systems, media (NBC) and power systems. Welch has made GE a global powerhouse. He expects the company to generate the majority of its revenues from overseas.

Jack Welch instituted an atmosphere in which all twelve of GE’s major businesses learn and share with one another. Welch does not assume that he knows it all. To the contrary, he is always learning. He believes an organization can always learn something from its competition...

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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    B. R. 4 years ago
    Great book and it’s summery. Thank you for sharing with us. It will help the people who are involving with leadership and management area.