Throughout his twenty years as president of General Electric multiplied forty times the commercial value of the company making it the most valuable and admired the world.
He broke numerous sales records, made at least 600 successful acquisitions and reportedly fired more than 100,000 employees.
Chosen by Fortune magazine as the manager of the twentieth century for his extraordinary leadership and innovation, Jack Welch, former chairman of General Electric is a character who seems to know perfectly the secrets of success.
* Considers the talent of its employees is its greatest asset. It is said that he knew the name and post at least a thousand of its employees. But when decision was firm and resolute, having reduced from 411 thousand to 300 thousand employees in 5 years.
* His philosophy is to see employees grow and become great leaders so that they come to earn more money than you ever imagined.
* His approach was to improve training strategies, compensation systems and retaining the best employees
* Welch always works tirelessly and its sole purpose was to make his company the most dynamic and competitive.
* About the errors you think you have to commit and correct. He says, “if he does not get on the battlefield can not win.”
* According to the same described “I am a person focused on tomorrow, not in the ayer”
* Jack does not believe in spending too much time on the strategy but the importance of having an overview and working towards it.
* Believe in the restructuring and always provides new and risky methods
* Hates bureaucracy
* As part of his management style each year goodbye to 10% of the worst-performing managers and made sure to compensate with bonds and equity participation to 20% of the best
* Jack Welch has become a brand name synonymous with leadership and success. (See the power of personal marketing)
* Those who know him describe him as a charismatic man, simple yet a great communicator, golfing, movies and TV series
* Remember that your mother always said “you can get to heaven”
* All time is reading and his favorites are the business books
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Posted in Business Secrets | Tags: Business, Secret of succesfull Business, Succesfull Manager, Way to get succes