How Jack Welch’s Becomes The Greatest Manager In the Twentieth Century
Jack Welch’s journey to success began with a sentence from his mother, and he never stopped.
Visionary Phrase That Changed The Life
Jack Welch’s mother was a typical housewife. She was illiterate, but nature gave her a vision. The mother had a visionary phrase that made his the most outstanding manager globally; he became the most significant chief executive of the twentieth century.
Jack was part of the school hockey team, the match happened, and his team lost; Jack Angered threw a hockey stick and started screaming. His mother was in the stadium. She went straight to the locker room and addressed him in front of Jack’s team.
“If you don’t learn to lose, you will never learn to win “
This phrase struck Jack Welch like an arrow in his heart, and he lost his whole life after that and kept turning defeat into success. Jack Welch is the greatest of this century. Chief executive, chairman or manager, he was named Manager of the Century by Fortune Magazine in 1999, one of the United States’ 400 wealthiest citizens.
His book “Jack: The Straight from the Gut” Is one of the three best-selling books of all time, having sold millions of copies so far. It changed the management philosophy of the United States.
Jack Welch’s father was a conductor in the railways. Jack Welch joined the American company General Electric in 1960; he was a junior chemical engineer in the company, it was the ordinary job, and Jack Welch did this routine job for a long time.
He was part of General Electric because of some secret hand of nature; General Electric was a big company in America at that time, the job in this company was the big dream of the life of an ordinary educated American. Still, Jack Welch wanted to reach the end of his vision, he wanted to be the head of the company, he had learned the art of turning every failure into success, so he became vice president twelve years later, senior vice president five years later. Two years later, Vice Chairman and eventually became the youngest Chief Executive Officer and Chairman of the United States in 1981.
First Perfection
By the time Welch retired, General Electric’s profits had reached 130 billion dollars, and the company’s market value had risen from 12 billion dollars to 410 billion dollars. It was his first perfection.
Second Perfection
His second perfection was the new management; it said you should be number one or number two if you are after him then no matter if you are. No matter, it shut down all its projects that were out of the race for number one and number two.
Other fields I imposed and thus increased the company’s profits, it called open meetings of the company in which any employee could object to orders up to the chairman. It listened to carefully, it was the performance report of his employees. Self-prepared Yes, it met employees directly and discs company affairs from them,
Called Bomb Or Neutron Jack
He called the employee a direct job, and he expected the same from others; at one time, he fired 120,000 unemployed employees and neutrons all over the United States. He was known as the Bomb or Neutron Jack. It paid bonuses to the top 20 percent of the company’s best employees and fired the worst 10 percent each year, shutting down General Electric’s plans to not become number one or number two.
Third Perfection
Jack Welch’s third outstanding achievement was the preparation of his replacement. Jack Welch was chairman of General Electric for 20 years, during which time the company continued to grow, but Jack Welch kept wondering what to do when he left the company. The situation will be, Jack Welch thought that if the company after me did not find a better person than me, all my hard work would be in vain, General Electric would have a “revenue race,” and thus our success would turn into failure.
Developing People
He began developing, surveying the best minds in and out of the company, interviewing, and selecting Jeffrey Emmett as the next chairman. Jack Welch trained him for ten years, taking him to the Hermitage. It taught him the intricacies of the company and the principles of modern management.
A t The Age Of Retirement
Jack Welch retired in 1999. No, as he neared retirement, he realized that Jeffrey Immelt was not yet fully trained, so he postponed his retirement for a year and a half, and retired in 2001 when Jeffrey Immelt was 100% prepared. Jeffrey Immelt took over the company in September 2001. It is now delivering better than Jack Welch, and it was Jack Welch’s most outstanding achievement. This achievement later became modern management.
Leadership Takeaways
Winning by Jack Welch has remarkable suggestions on turning into an extraordinary pioneer.
Here are some that I like:
Create People: Leadership is in with making and creating people.
Transmit Positivity: Be a shimmering wellspring of inspiration, help people with staying positive.
Increase People’s Trust: Give credit, act appropriately, and truthfully.
