Jack Welch
Jack Welch
John Francis "Jack" Welch, Jr.is a retired American business executive, author, and chemical engineer. He was chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company's value rose 4,000%. In 2006, Welch's net worth was estimated at $720 million. When he retired from GE he received a severance payment of $417 million, the largest such payment in history...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth19 November 1935
CityPeabody, MA
CountryUnited States of America
If you're a leader and you're the smartest guy in the world - in the room, you've got real problems.
A leader's role is not to control people or stay on top of things, but rather to guide, energize and excite.
I was never the smartest guy in the room. From the first person I hired, I was never the smartest guy in the room. And that's a big deal. And if you're going to be a leader - if you're a leader and you're the smartest guy in the world - in the room, you've got real problems.
Simple messages travel faster, simpler designs reach the market faster and the elimination of clutter allows faster decision making.
Leadership is helping other people grow and succeed. it is not just about you. It's all about them.... everyone deserves a chance.... you can never let yourself be a victim.
The most important job you have is growing your people, giving them a chance to reach their dreams.
When employees underperform, a leader tells them so.
One of the jobs of a manager is to instill confidence, pump confidence into your people. And when you've got somebody who's raring to go and you can smell it and feel it, give 'em that shot.
Celebrating creates an atmosphere of recognition and positive energy. Imagine a team winning the World Series without champagne spraying everywhere. And yet companies win all the time and let it go without so much as a high five. Work is too much a part of life not to recognize moments of achievement. Make a big deal out of them. If you don't, no one will.
Ideally, the star will be replaced within eight hours. This sends the message that no single individual is bigger than the company.
The team with the best players usually does win - this is why you need to invest the majority of your time and energy in developing your people.
If you have a reputation as a big, stiff bureaucracy, you're stuck.
The essence of competitiveness is liberated when we make people believe that what they think and do is important - and then get out of their way while they do it.
If I had to run a company on three measures, those measures would be customer satisfaction, employee satisfaction and cash flow.