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Review Jack Welch Winning

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Author's Biography:

Jack Welch started his career with the GE in 1960, and in 1981 became the company's 8th chairman and CEO. During his term, GE's market assets got increased by whopping $400 billion, making it most valuable corporation of the world.

His honest,unique style of management and rules became the desired standards in business, with his continuous focus on people, teamwork, and profits. This book answeres most difficult questions people face both on and off during their job.

Why to Read the Book

 This book evolved from thousand of questions asked to Welch when speaking to audiences around the world.

 This book does not contain the same old stuff of what management should do. It is based on the true practical view which is faced by the company and every people related thereto.

 It offers original thinking, and nuts-and-bolt advice that can change the way the people think about work.

Chapters

This book basically deals with four parts which are:

1. Underneath it all-which includes

 Mission and values

 Candor

 Differentiation

 Voice and Dignity

2. Your company-which includes

 Leadership

 Hiring

 Managing people

 Parting ways

 Change

 Crisis management

3. Your competition-which includes

 Strategy

 Budgeting

 Organic growth

 Six sigma

4. Your career-which includes

 The right job

 Getting promotions

 Hard spots

 Balancing between work and life

Summary and general perspective Welch starts out by explaining what a mission statement is. Welch believes an effective mission statement should answer one question, "How do we intend to win in this business?" Once the mission is formed, a company should define its values. The corporate values are behaviors, how the mission is to be carried out to win.

Jack has talked about candor. Candor is the state or quality of being frank, open, and sincere in speech or expression. He feels that lack of candor blocks creative ideas, fast action, and good people contributing all the stuff which can be helpful for company growth.

Some important aspects that has been discussed with good examples are:

Hiring

First, candidates should pass three screens:

 Screen #1: Do they have integrity - tell the truth and keep their word.

 Screen #2: Are they intelligent - having sufficient curiosity and "breadth of knowledge" to lead other smart people.

 Screen #3: Are they mature - able to handle stress and sfalures, respect other's emotions, be confident

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