Jack Welchs success story
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Jack Welch's Success Story
Many ponder upon the question of "What makes a good leader?" They attempt to find a solid set of rules that can be followed to solve company issues and miraculously transform it into a successful enterprise. Unfortunately, in Business the Jack Welch Way, Stuart Crainer points out that this is an incorrect approach. Every person is unique and should select guidelines that best fit his own personality. Rather than prescribing a list of "dos" and "don'ts," Crainer writes about the tactics that Jack Welch, former Chief Executive Officer of General Electric, employed in his strategy in the hope that they will serve as a guideline to help his readers discover their own.
When Welch took the throne of GE in 1981, the company had 440,000 employees and reported $20 billion in assets, $27.24 billion in revenues, $1.65 billion dollars in profits, and $12 billion in market value. By 1997, close to the end of his reign, with only 260,000 employees left, the company had $272.4 billion worth of assets, $79...