Stuart Crainer - Business the Jack Welch Way: 10 Secrets of the Worlds Greatest Turnaround King (Bigshots)
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Business the Jack Welch Way: 10 Secrets of the Worlds Greatest Turnaround King (Bigshots)
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This is one of a series that shows how the big shots of the business world have attained their positions in which they control huge empires and command vast personal fortunes. The book reveals the secrets, deals, schemes and dreams of these, the worlds fiercest business competitors.
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Business the Jack Welch Way : Ten Secrets of the World's Greatest Turnaround King
author
:
Crainer, Stuart.
publisher
:
Capstone Publishing Ltd.
isbn10 | asin
:
1841120030
print isbn13
:
9781841120034
ebook isbn13
:
9780585234007
language
:
English
subject
Welch, Jack--(John Francis),--1935- , General Electric Company--Management, Chief executive officers--United States--Biography, Industrial management--United States, Leadership--United States.
publication date
:
1999
lcc
:
HD9697.A3U534 1999eb
ddc
:
658.4/063
subject
:
Welch, Jack--(John Francis),--1935- , General Electric Company--Management, Chief executive officers--United States--Biography, Industrial management--United States, Leadership--United States.
Page i
Business the Jack Welch Way
Page ii
BIG SHOTS
SECRETS OF THE WORLD'S MOST POWERFUL BUSINESS HEROES
How do Bill Gates and Rupert Murdoch get to have it all? How do they get to control such awesome empires and amass such vast personal fortunes? How do Richard Branson and Jack Welch create such dominant international brands and inspire such loyalty and devotion from employees and consumers alike?
Big Shots reveals the secrets, deals, schemes and dreams of the world's fiercest business competitors. Each book entertainingly charts the rise and rise of a business great and takes a sideways look at how they planned their career, crushed their competitors and ended up as kings. Each book is at once an inspiring and engaging insight into the ingredients of success and a source of invaluable business lessons for the next generation of winners.
BUSINESS THE BILL GATES WAY: 10 secrets of the world's richest business leader 1 84112 004 9
BUSINESS THE RUPERT MURDOCH WAY: 10 secrets of the world's greatest deal-maker 1 84112 002 2
BUSINESS THE RICHARD BRANSON WAY: 10 secrets of the world's greatest brand-builder 1 84112 005 7
BUSINESS THE JACK WELCH WAY: 10 secrets of the world's greatest turnaround king 1 84112 003 0
Page iii
Business the Jack Welch Way
10 Secrets of the World's Greatest Turnaround King
Stuart Crainer
CAPSTONE
Page iv
Copyright Stuart Crainer 1999
The right of Stuart Crainer to be identified as the author of this work has been asserted in accordance with the Copyright, Designs and Patents Act 1988
First Published 1999 Capstone Publishing Limited Oxford Centre for Innovation Mill Street Oxford OX2 0JX United Kingdom http://www.capstone.co.uk
All rights reserved. Except for the quotation of short passages for the purposes of criticism and review, no part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the publisher.
British Library Cataloguing in Publication Data A CIP catalogue record for this book is available from the British Library ISBN 1-84112-003-0
Typeset in 11/15 New Baskerville by Sparks Computer Solutions, Oxford http://www.sparks.co.uk Printed and bound by T.J. International Ltd, Padstow, Cornwall
This book is printed on acid-free paper
Business The Jack Welch Way was written independently by the author, Stuart Crainer. It has not been authorized by its subject.
Page v
Contents
Preface
ix
The Life and Times of Jack Welch
1
One: Invest in People
21
People matter. Talking to them and meeting them takes up a serious chunk of Jack Welch's time. So, too, does developing people for the future. He talks, pontificates, cajoles and educates. But, most of all, he connects.
Two: Dominate your market... or get out
33
The choice is simple and is repeatedly laid out by Jack Welch. He has no time for companies that are fourth or fifth in their market. He wants to be first or a close second. Gain market leadership and take the market by the scruff of the neck and lead it forward. If you can't get to the front, sell the business and look elsewhere.
Three: Never Sit Still
41
Jack Welch is restless. Despite heart surgery, he never stops. He has inculcated GE with the same sort of restless energy. The company won't stay still, rest on its laurels. GE changes and then changes again. It is always nearer by never staying in one place.
Page vi
Four: Think Service
59
Pre-Welch, GE was a manufacturer, a good old fashioned champion of the smokestacks. Welch introduced it to service. Now, GE is a service company which also manufactures. It is a finance company, an information company, as well as a maker of appliances. Quality and service link its activities.
Five: Forget the Past; Love the Future
71
For a company with such a great history, GE under Welch has become preoccupied with the future. It embraces the new whether it be IT or the Internet. Welch envisions the future. He eulogizes repeatedly about the future. And GE creates the future.
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