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 get the best people on your team, you've got plenty of time to do the things you like to do and can add more value to.
People who are coaches will be the norm. Other people won't get promoted.
When all is said and done, teaching is what I try to do for a living.
Take lack of candor. ... I'm not talking about boldface lying, but a tendency to withhold information. That behavior is far more common, and it frustrates teams and bosses to no end.
If you managed a baseball team, would you listen more closely to the team accountant or the director of player personnel?
Lack of candor blocks smart ideas, fast action, and good people contributing all the stuff they've got. It's a killer.
Just because you are the boss doesn't mean you are the source of all knowledge.
My bosses cautioned me about my candor. Now my GE career is over, and I'm telling you that it was my candor that helped make it work.
Innovation is not a big breakthrough invention every time. Innovation is a constant thing. But if you don't have an innovative company [team], coming to work everyday to find a better way, you don't have a company[team]. You're getting ready to die on the vine. You're always looking for the next innovation, the next niche, the next product improvement, the next service improvement. But always trying to get better.
Your goal, in other words, should be to make your bosses smarter, your team more effective, and the whole company more competitive because of your energy, creativity, and insights.
The thing it taught me was that winning's a helluva lot more fun than losing. It also taught me that the team with the best players that worked together the best wins.
Get the best player because whether it's soccer or whether it's anything else the team with the best players wins. So focus your energy on getting the best and getting rid of the weakest.
Every employee, not just the senior people, should know how a company is doing.
The team with the best players wins.