Jack Welch's Dictionary of Leadership Art: Dictionary of Leadership Art

Author: Jeffrey Krammer
Publisher:
Publish Date: 2001-10-01
Features: In a survey conducted by Fortune magazine in the United States, GE (General Electric) ranked first for four consecutive years in the "World's Most Admired Companies" list, with a 50% higher vote rate than the second-place Microsoft. Welch was thus hailed as the most successful CEO of the 20th century. The statement, "I think the best among them is Jack Welch of General Electric in the United States," has been repeated countless times by CEOs in different versions and contexts. Jack Welch's personality traits and management philosophy can be summarized in the following six points:
1. Take control of your own destiny, or someone else will.
2. Face reality; don't live in the past or in fantasy.
3. Be honest with people.
4. Don't just manage; learn to lead.
5. Reform before you are forced to.
6. Don't compete if you don't have a competitive advantage.