Jack Welch

Introduction Jack Welch is widely known for being one of the best leaders and managers of the twentieth century, having been Chief Executive Officer (CEO) of General Electric (GE) for twenty years. During his tenure as head of one of the world’s largest conglomerates, Mr. Welch implemented several well-known initiatives to propel the company to new heights. Some of his more known initiatives included the boundaryless organization, six sigma quality control, and the employee performance evaluation system known as “Rank and Yank”. A major strategic push Mr. Welch made early on in his tenure that could also help explain the success he achieved was his requirement that each GE strategic business unit (SBU) be number one or two in their respective industry or risk being divested. Over the course of his tenure as CEO of General Electric, Mr. Welch achieved several notable accomplishments for the company and himself. For example, during his tenure, Mr. Welch’s leadership helped GE’s overall value increase by 4,000% (Leung 2005). For his role in leading GE to this and other successes, Mr. Welch was named…

Jack Welch Former chairman and chief executive officer, General Electric Company When we think of Jack Welch than we think as one of the most successful business leaders in the 20th century, recognized and awarded by Forbs magazine (McKelvey, 2010) and wildly recognized as the best CEO in the world. He had been appointed in 1981 as the youngest CEO in General Electrics. During his time, he managed to increase the company value from $13 billion to $480 billion as the biggest company worldwide. …

When Jack Welch entered the world of General Electric as CEO in 1981, he entered head first, ready to enhance the company from where it currently stood. He entered the company alongside with a strong vision for the future as he stated that “A decade from now, I would like General Electric to be perceived as a unique, high-spirited, entrepreneurial enterprise . . . the most profitable, highly diversified company on earth, with world quality leadership in every one of its product lines” (Bartlett…

Rick Smith: How Securus Technologies’ CEO Reinvented the Company to Cement its Dominance In The Inmate Communications Industry Rick Smith is undoubtedly an accomplished entrepreneur. As the CEO and President of Securus Technologies, Mr. Smith has painstakingly upped his work ethic and commitment to steer the company to astronomic success. In essence, Securus Technologies is widely considered to be a leading tech company specializing as a communications service provider for several prisons in…

Scott Rocklage stands as one of the highly successful scientist in the US. He has managed to accomplish so much in his career. Some of these accomplishments are used as an inspiration to the people in the entrepreneurship as well as biochemical research organizations. Currently, Scott Rocklage serves as the managing partner in 5 AM Ventures Company. Scott Rocklage acquired his position in the year 2003 and has done his best in making the institution top during the harsh economic times. Dr.…

Why Gregory Aziz Is a Force to Reckon With in the Auto Industry in North America And Beyond Greg Aziz is undoubtedly a household name in the auto industry. As the chairman and CEO of National Steel Car, Greg Aziz is credited with steering the company to astronomical success courtesy of his insightful leadership and keen business acumen. With over a century’s worth of experience, National Steel Car has become the epitome of locomotive success by developing an array of leading tank cars and…

Introduction: Dr. Deming is one of the most influential theorist ever in the world of business and many of his ideas and systems are still used to this day. Deming's long list of accomplishments includes bringing about the recovery of the Japanese economy, after the collapse of it in War World II, his ideas were to outline the importance of product quality. In his historically famous book titled Out of the Crisis, Demings listed fourteen key points on management guidelines that many large…

There is no denying the success of the company, Patagonia, since its opening approximately four decades ago. The length of time the company has been in business is a testament to its staying power in the business world, as well as proof that what the company is doing from a business standpoint is working. The company’s founder, Yvon Chouinard, is a very successful entrepreneur in every sense of the word. Although his methods of managing his business may draw intense criticism from others in the…

Jack Welch, is United States one of the most successful CEO, running the most valuable firm in the US, General Electric. His main philosophies are: • Keep Business Simple and don’t over complicate it • Be practical and face reality • Don’t fear change • Fight Bureaucracy • Use your worker's brain • Identify people with best ideas and put them into practice And always keep learning from your associates, competitors, and customers. Learning should be consistent and then only you will be able to…

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…