Jack Welch as a transformational leader Introduction Leadership is the collective action of everyone to influence.
Excerpt from Term Paper: Jack Welch Leadership Strategies Jack Welch is rated as the greatest CEO of the current generation and one of the greatest business leaders of all times.
The legendary leader, donned the top post in General Electric GE from April to Septembertaking the company from mediocre levels to the very top levels, in the process turning the very basic concepts on which businesses were run till then.
In yearwhen Welch finally hung up his boots, GE did sales of U. During the rather long tenure of almost twenty years, GE delivered dramatic results on many counts. From toGE was the market capitalization leader in the United States. SinceGE had recorded double digit growth rates consistently, even in the year of recession.
Inonly Microsoft was rated as a more valuable company than GE.
For the shareholders of GE, the returns delivered by Welch were beyond the wildest dreams. More often his strategies have puzzled and shocked even the best management and psychological experts. Only in hindsight, after Welch proved the success of his strategies beyond doubt, the merits of his actions became apparent.
He shunned bureaucracy at a time, when it was fashionable to have complex layers of managers and fancy designations. Without letting emotion in the way, he did everything he thought right with the singular objective of turning GE into a lean and world-class company in every sense.
As a true leader, he took responsibility for whatever he believed, said and did and never compromised on his core values. In the view of Welch, good leaders must have better qualities than good businessmen.
His idea of effective leadership was centered on passion that is leaders, must be passionate about the business and able to connect this feeling to others in the organization.
Name as “Manager of the Century”, Jack Welch has made General Electric “Most Admired Company in the world”. This case, from an extensive perspective, describes us how Welch made such a legend during his two decade’s working in GE. Mar 02, · Jack Welch Essay Paper Jack Welch Essay Paper. Jack Welch was one of the most successful CEO of General Electric Co., who headed the company for twenty years. His work and his personality are highly controversial and evoke absolutely different feelings and emotions that vary from the total condemnation and contempt to . Essay on Jack Welch: General Electric’s Revolutionary. In this paper work I am giving the characterization of this case and Jack Welch’s management innovations. That is the goal of my paper. At the end I conclude my work with summarizing all aspects previously stated.
As part of his six sigma initiatives Welch formalized five most important characteristics that leaders of GE are expected to possess. From the list, it can be noted that Welch placed great emphasis on psychological aspects like passion, energy, attitude and motivation.
Skills and competency elements come down the list. Therefore it is reasonable to assume that people with real passion and energy are bound to deliver better results than those who are only clinically efficient in their jobs. Leaders must have enormous personal energy and strong preference for action.
They must be prepared to do everything that is required to get the job done, effectively and efficiently. Besides having energy, they must be able to motivate and energize others in the team; they must spread the enthusiasm and the desire to act for maximizing organizational potential Edge: They must have strong convictions and the courage to advocate their views and beliefs.
Finally, leaders must have the capacity to deliver results. The four Es had become quite popular in GE and for quite some time, it was common practice to rate personnel in terms of Es.
According to the cognitive approach in psychology, effective leadership must have three distinct traits - the need to appreciate the enduring features of leadership, the need to anticipate and deal with new trends and the need to encourage recognition of the problems, paradoxes and possibilities of leadership.
In a different approach, four basic ingredients are required to make an effective leader - guiding vision, passion, integrity, curiosity and daring.
Welch did most of these things successfully and consistently which justified his rating as a great leader. Leadership and change management: One of the best leadership qualities that Welch displayed was his innate ability to embrace and harness the benefits of change.
He showed remarkable alacrity in the need for change management as early as the eighties.
Further, he made managers recognize the importance of change and understand the reality that change is a never ending phenomenon. Welch encouraged managers to change their professional agendas, if necessary and ensure that every employee actually embraced change in the right manner.
Free Press, 3. Welch took steps to ensure that managers and employees are equipped to fresh challenges and constantly generate innovative ideas and practices. He used the paradigm of change to push GE to unimaginable growth levels. For instance, in Decemberhe decided to acquire telecommunications giant RCA for a consideration of U.
Post-acquisition, GE became the seventh ranked company in the Fortune list.Jack Welch Winning Essay Every Day There Is A New Jack Welch Research Paper A CASE STUDYGE’s Jack Welch took over GE in and became the youngest CEO in GE’s history, the legendary leader made a resolution to transform GE into the world’s most competitive enterprise.
Winning by Jack Welch Essay. Winning by Jack Welch The book Winning by Jack Welch was written in - Winning by Jack Welch Essay introduction.
It is a straight forward book that goes into all aspects of running a business and becoming a successful leader. This free Management essay on Essay: Jack Welch as a transformational leader is perfect for Management students to use as an example. Excerpt from Term Paper: Jack Welch Leadership Strategies Jack Welch is rated as the greatest CEO of the current generation and one of the greatest business leaders of .
Leadership Style of Jack Welch Essay "If leadership is an art Jack Welch Research Paper A CASE STUDYGE’s Jack Welch took over GE in and became the youngest CEO in GE’s history. Leadership Style of Jack Welch Essay "If leadership is an art Jack Welch Research Paper A CASE STUDYGE’s Jack Welch took over GE in and became the youngest CEO in GE’s history.