Winning By Jack Welch Summary

703 Words 3 Pages
The book Winning by Jack Welch teaches about the methods that he has used to be successful in business or in his words, to win in business. The book uses four different sections of business to develop to strategy to win. The four sections are start of the business, the company itself, the competition and lastly, the career. From these topics, I’ve chosen three chapters to discuss in detail; these are Candor, Differentiation, Voice and Dignity. To begin, Candor is the processing of communicating straightforwardly. However, because of early childhood teachings, we are taught to soften bad news or talk around a sensitive topic. By acting this way, we are actually impeding progress. According to Jack Welch, candor starts the conversation, and …show more content…
This type of resource allocation rewards the top 20 percent of employees with bonuses with each successful project, 70 percent of employees are kept engaged and motivated, and lastly 10 percent of employees who are laggards are let go once they’ve proven to be incompatible with the company productivity. By employing the 20-70-10 strategy, star performers are rewarded and great results can be expected. Same can be said about the middle 70 percent, by keeping the middle engaged you can observe for potential to move up and training them to become the top 20. The reason why this strategy really speaks to me is that it keeps the employees engaged in their work, and great results can be expected with excellent work produced in the form of bonuses and rewards. In addition, this is a good way to build a great team, by keeping everyone aware of their status, they can strive for the top or as for the bottom 10, realize that the company may not be the best fit and move on to a better environment. To add to being candor, having differentiation at work can clarify a business and allow greater progress to …show more content…
By having a voice, it allows ideas and feelings to be shared freely without fear of persecution for having an opinion. Usage of the Work-Out process allows freedom of speech in large group format, everyone’s voice can be heard and some might have better ideas than others. Facilitated by a third party, it allows each employee to be heard and contribute to any improvement to be made. In the end, by having Work-Out sessions, it satisfies the employee’s need to express their opinion and in turn, help the employer brain storm for new ideas for

Related Documents