Summary of The Welch Way

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The Welch Way book summary
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Rating

7 Overall

8 Applicability

4 Innovation

8 Style

Recommendation

Jack Welch, the former chairman of General Electric, is still a heroic managerial figure to many businesspeople, and his wisdom has found its way into the book market in many and various ways. Of course, numerous books are available about Six Sigma, the managerial philosophy that Welch made famous. But Six Sigma was only part of Welch’s legacy. In this slim guide to the counsel of the man who earned the sobering sobriquet "Neutron Jack," author Jeffrey Krames summarizes Welch’s philosophy in 24 leadership principles, followed by brief notes and exercises for training managers. getAbstract.com recommends this admiring condensation of Jack Welch’s managerial strategies as an introductory summary which may whet your appetite for a deeper look at Welch’s distinctive take on corporate leadership.

In this summary, you will learn

  • 24 key points from the management tactics of former General Electric CEO Jack Welch;
  • Why Welch found vision and egalitarianism more effective than formal bureaucracy; and
  • How to use Welch’s ideas in your organization.
 

About the Author

Jeffrey A. Krames is the author of The Rumsfield Way and The Jack Welch Lexicon of Leadership. His work has been published in The New York Times and The Wall Street Journal, and he has made appearances on CNN, Fox News and CNBC.

 

Summary

Meet Neutron Jack
Jack Welch took the helm at General Electric (GE) in 1981, when he was only 45 years old. His stated goal was to turn GE into the "world’s most competitive enterprise." The eighth and youngest CEO in the history of the company, he knew this wouldn’t be easy. He began, ...

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