Jack Welch makes the famous CEOs list because his management style is taught at business schools throughout the country (and the rest of the world!). His trademark "the Welch Way" has become an online MBA program in its own right, as the graduate business program of Chancellor University. In addition to holding the distinction of being the youngest CEO at General Electric, he has also written two business books, wrote a regular column for Businessweek magazine, is frequently called upon as a commentator for various business programs on television, and is heavily involved in decision making for a private equity group. Welch is an example for many, and he has the exact traits needed to be close to perfection as a manager.
Born in 1935, John Francis Welch, Jr. graduated in 1957 with a Bachelor of Science in chemical engineering from the University of Massachusetts. A Master of Science and Ph.D followed in 1960 at the University of Illinois. Once completed his years of education, Welch was hired by GE as a chemical engineer for the Plastics department. He worked …show more content…
He was a no-nonsense executive who believed that every component of the company had to be profitable. Each person, each piece of equipment, each division, and each manager had to contribute to the bottom line in a positive manner. Those that could not or would not, were summarily relieved of their duties. Productivity, efficiency, and profitability were the optimum words of the day. Thousands of people were fired during his tenure, which led many to say that he was cold-hearted. The truth was, however, that he reformed how factories were managed, and how they grew and maintained profitability. If a division could not be profitable, it was of no value to the company as a whole, and was discarded. The Welch Way was the only way, and it is the way hundreds of companies around the world presently conduct their day-to-day
Born in 1935, John Francis Welch, Jr. graduated in 1957 with a Bachelor of Science in chemical engineering from the University of Massachusetts. A Master of Science and Ph.D followed in 1960 at the University of Illinois. Once completed his years of education, Welch was hired by GE as a chemical engineer for the Plastics department. He worked …show more content…
He was a no-nonsense executive who believed that every component of the company had to be profitable. Each person, each piece of equipment, each division, and each manager had to contribute to the bottom line in a positive manner. Those that could not or would not, were summarily relieved of their duties. Productivity, efficiency, and profitability were the optimum words of the day. Thousands of people were fired during his tenure, which led many to say that he was cold-hearted. The truth was, however, that he reformed how factories were managed, and how they grew and maintained profitability. If a division could not be profitable, it was of no value to the company as a whole, and was discarded. The Welch Way was the only way, and it is the way hundreds of companies around the world presently conduct their day-to-day