Jack Welch & Jeff R. Immelt

Jack Welch & Jeff R. ImmeltLeadershIp STYLES

Jack WelchLeadership StyleShort hstoryJack Welch - Short HistoryBorn on 9th November, 1935 in Massachusetts, USAWorking class familyGraduated from University of Massachusetts in 1957, B.S. in Chemical EngineeringM.S. and Ph.D. University of Illinois in1960

Jeff R. Immelt - Short HistoryBorn on 19th February 1956 in Cincinnati Ohio, USAFather managed the General Electric Aircraft Engines DivisionGraduated from Dartmouth College in 1978, B.S. in MathematicsM.B.A from Harvard in1982

Jack Welch - Jeff R. Immelt Career at GEJack WelchJoined G.E. in 1960 chemical Engineering, Vice President of GE in 1972Vice chairman in 1977Chairman & CEO of GE in 1981Retired in September 2001Jeff. R. ImmeltJoined GE Plastics , Sales & Marketing 1982Vide President of GE Appliances consumer services, 1989Vice President and general manager of GE Plastics Americas, 1993Senior Vide President and chief Executive Officer of GE Medical Systems, 1996GE president and chairman elect in 2000 CEO in 2001

Jack Welch - Leadership StyleTask orientedAutocraticPersonalitySix traits of leadership, Jack has allAmbition and energyDesire to leadHonesty & IntegritySelf confidenceIntelligence

Jack Welch - Leadership StyleManagement SkillsSimplicity, leaner organizationSpeed, act quickBest People, company values are important not just the numbersIdeas, employees have good ideasCandor is important, be honest to your employees

Jack Welch - Leadership StyleChange before it is too lateAn openness to change...Accept change as leaderTeach employees how important change is..Be ready to rewrite your agendaWhat changed in GEBe number ONE or number TWO else sold off or shutdownMake each day fist day of your jobEmployees have good ideas tooCost-cutting, efficiency and deal-making skills are encouraged..

Jack Welch - Leadership StyleFace Reality and act quickly on that realityReorganize GE, GE should focus on the strongest businessAcquire RCA, GE needed this acquisition to push high-tech growthWork-out program to address the need for employees voices in running the company Legendary 6-sigma program, GEs quality program was not workingJack Welch - Leadership StyleManaging less is managing better The Welch paradox of managementArent managers supposed to manageWelchs answer was Relax..Stop bogging employees in to bureaucracy.. Let them perform..Instill confidenceGet out of the wayEmphasize vision, not supervisionManaging is allocating people and resources, give them what they need and get out of way

Jack Welch - Leadership StyleCreate VisionVision about how things can be done betterManager lead with vision;They must persuade others through the force of vision.Set out only a few clear and general goals consistent with company values, create values consistent with vision..Prussian military strategist did not expect a plan of operation to survive beyond the first contact with the enemy. They set only the broadest of objectives and emphasized seizing unforeseen opportunities as they aroseStrategy did not written in to stone, instead would evolve over time.

Jack Welch - Leadership StyleAlways give employees more responsibility, they will make better decisions.Nurture employees who live up to company values even if they dont make their numbersEliminate employees who do not live the company values, even if their numbers are goodJeff Immelt - Leadership StylePeople orientedPaternal like personalityDemocratic leadership Risk taking and innovative thinkingImmelts keys to great leadershipPersonal responsibility,Leader can not accomplish everything by himself, team building and placing others first will bring successLeave a few things unsaid,Listen fellow GE employees to make better decisionsLike PeopleTry to understand and fair to employees. Encourage them to fulfill their personal goals.

Jeff Immelt - Leadership StyleImmelts keys to great leadershipSimplify constantlyEvery leader should clearly explain to three things the organization is working on.Understand Breadth, Depth and ContextHow your company fits in with the world and how you respond to it.Importance of alignment and time managementAt the end of every week, leaders should spend time around important things; set priorities, measure outcomes and reward them.Learn constantly and learn how to techA primary role for a leader is to teach.Jeff Immelt - Leadership StyleImmelts keys to great leadershipStay true to your own styleLeadership is about being self-aware. Use your own style to do things. Manage by setting boundaries with freedom in the middleBoundaries are commitment, passion, trust and teamwork. There is plenty of freedom across these four boundariesStay disciplined and detailedGood leaders are never afraid to intervene personally on things that are important.

Leadership Style - ConclusionBoth are great leaders with different leadership styles and strategies for the companyJack promoted internal communication, made it easy to communicate at every levelJeff focused on external communication, communicate with investor and third partiesJeff focus more on abstract aspects of the business rather than focus on performance and strictly quantifiable results like Jack.Jeff removed emphasis from the bottom line to get employees to take risks and develop more innovative ideas.

Leadership Style - ConclusionJeff brought outsiders, he believes outsiders will bring new ideas, creative energy and perspective to company.Jack focused on production, Jeff shifted focus from production to marketingJeff did GE more environmentally conscious and invested heavily on eco friendly products. Jeff noticed the opportunity in environmental products.But there are similarities also;Fix it, Sell it or close itFire least effective %10 each year.Get winning ideas from other companies..