I have learned many lessons from Jack Welch on leadership. Jack Welch has been with the General Electric Company (GE) since 1960. Having taken over GE with a market capitalization of about $12 billion, Jack Welch turned it into one of the largest and most admired companies in the world by the time he stepped down as its CEO 20 years later, in 2000. Jack Welch used his uncanny instincts and unique leadership strategies to run GE, the most complex organization in the world and increased its market value by more than $400 billion over two decades. He remains a highly regarded figure in business circles due to his innovative leadership style. Jack Welch demonstrated Kouzes and Posner’s five practices of modeling the way, inspiring a shared
…show more content…
Leadership involves having an impression on others, and inspiring their decisions. Jack Welch did just that, he also believed “leaders inspire risk taking and learning by setting the example” (Winning, pg 63). He inspired others to take risks, and learn from mistakes. He appealed to others, and inspired them to be better than they thought they could be. Welch was constantly selling others on the idea of being the best. He challenged others to be the best division in their sector with the number one or number two concept, where a division must be number one or number two in their sector or be sold.
Jack Welch challenged everything that made GE what it was when he became CEO. In his words, it was a militaristic, bureaucratic company that was slow to change and set in its ways. He challenged the company to embrace change. He believed that “it was nonsense to fear change. He loved change, arguing that change keeps everyone alert.” (Jack Welch on Leadership, pg 3) He did this by concepts such as differentiation, candor, and meritocracy. He believed in giving constructive performance evaluations, and rewarding his stars. Welch knew that “change is something that people do not relish easily,” (CEO Exchange) but built a company that accepted and even embraced change. He built a company that learned to love change and see it as an opportunity, just as he did.
Jack Welch goes into