Jack welch and jeff immelt
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Transcript of Jack welch and jeff immelt
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Jack Welch
&
Jeff R. Immelt
LEADERSHIP STYLES
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Jack Welch
Leadership Style
SHORT HISTORY
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Jack Welch - Short History
Born on 9th November, 1935 in Massachusetts, USA
Working class family
Graduated from University of Massachusetts in 1957, B.S. in Chemical
Engineering
M.S. and Ph.D. University of Illinois in1960
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Jeff R. Immelt - Short History
Born on 19th February 1956 in Cincinnati Ohio, USA
Father managed the General Electric Aircraft Engines Division
Graduated from Dartmouth College in 1978, B.S. in Mathematics
M.B.A from Harvard in1982
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Jack Welch - Jeff R. Immelt
Career at GE Jack Welch
Joined G.E. in 1960 chemical Engineering,
Vice President of GE in 1972
Vice chairman in 1977
Chairman & CEO of GE in 1981
Retired in September 2001
Jeff. R. Immelt
Joined GE Plastics , Sales & Marketing 1982
Vide President of GE Appliances consumer services, 1989
Vice President and general manager of GE Plastics Americas, 1993
Senior Vide President and chief Executive Officer of GE Medical Systems, 1996
GE president and chairman elect in 2000
CEO in 2001
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Jack Welch - Leadership Style
Task oriented
Autocratic
Personality
Six traits of leadership, Jack has all
Ambition and energy
Desire to lead
Honesty & Integrity
Self confidence
Intelligence
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Jack Welch - Leadership Style
Management Skills
Simplicity, leaner organization
Speed, act quick
Best People, company values are important not just the numbers
Ideas, employees have good ideas
Candor is important, be honest to your employees
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Jack Welch - Leadership Style
Change before it is too late…
An openness to change...
Accept change as leader
Teach employees how important change is..
Be ready to rewrite your agenda
What changed in GE
Be number ONE or number TWO else sold off or shutdown…
Make each day fist day of your job
Employees have good ideas too
Cost-cutting, efficiency and deal-making skills are encouraged..
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Jack Welch - Leadership Style
Face Reality and act quickly on that reality
Reorganize GE, GE should focus on the strongest business
Acquire RCA, GE needed this acquisition to push high-tech growth
Work-out program to address the need for employees voices in running
the company
Legendary 6-sigma program, GE’s quality program was not working
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Jack Welch - Leadership Style
Managing less is managing better
The Welch paradox of management
Aren’t managers supposed to manage
Welch’s answer was Relax..
Stop bogging employees in to bureaucracy.. Let them perform..
Instill confidence
Get out of the way
Emphasize vision, not supervision
Managing is allocating people and resources, give them what they
need and get out of way
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Jack Welch - Leadership Style
Create Vision
Vision about how things can be done better
Manager 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 arose”
Strategy did not written in to stone, instead would evolve over time.
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Jack Welch - Leadership Style
Always give employees more responsibility, they will make better
decisions.
Nurture employees who live up to company values even if they
don’t make their numbers
Eliminate employees who do not live the company values, even if
their numbers are good
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Jeff Immelt - Leadership Style
People oriented
Paternal like personality
Democratic leadership
Risk taking and innovative thinking
Immelt’s keys to great leadership
Personal responsibility,
Leader can not accomplish everything by himself, team building and placing others first will
bring success
Leave a few things unsaid,
Listen fellow GE employees to make better decisions
Like People
Try to understand and fair to employees. Encourage them to fulfill their personal goals.
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Jeff Immelt - Leadership Style
Immelt’s keys to great leadership
Simplify constantly
Every leader should clearly explain to three things the organization is working on.
Understand Breadth, Depth and Context
How your company fits in with the world and how you respond to it.
Importance of alignment and time management
At 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 tech
A primary role for a leader is to teach.
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Jeff Immelt - Leadership Style
Immelt’s keys to great leadership
Stay true to your own style
Leadership is about being self-aware. Use your own style to do things.
Manage by setting boundaries with freedom in the middle
Boundaries are commitment, passion, trust and teamwork. There is plenty of
freedom across these four boundaries
Stay disciplined and detailed
Good leaders are never afraid to intervene personally on things that are important.
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Leadership Style - Conclusion
Both are great leaders with different leadership styles and strategies for
the company
Jack promoted internal communication, made it easy to communicate
at every level
Jeff focused on external communication, communicate with investor
and third parties
Jeff 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.
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Leadership Style - Conclusion
Jeff 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
marketing
Jeff 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 it
Fire least effective %10 each year.
Get winning ideas from other companies..