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Jack Welch General Electric. By: Kennya Leal Chris Lage Richard Orsi Alexandra Pagliuca Dan Wales. "Neutron Jack". Early Life. Born in Peabody, Massachusetts. Father was a Maine Railroad Conductor. Mother was a Housewife. Education.

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jack welch general electric

Jack WelchGeneral Electric

By: Kennya Leal

Chris Lage

Richard Orsi

Alexandra Pagliuca

Dan Wales

early life
Early Life
  • Born in Peabody, Massachusetts.
  • Father was a Maine Railroad Conductor.
  • Mother was a Housewife.
education
Education
  • Jack attended Salem High School.
  • Graduated from UMASS Amherst in 1957 with a B.S. in Chemical Engineering.
  • Graduated from the University of Illinois in 1960 with a M.S. and Ph.D. also in Chemical Engineering.
early jobs
Early Jobs
  • Joined General Electric in 1960 as a Junior Engineer in Pittsfield, MA.
  • Very disapointed with strict bureaucracy within General Electric, and planned to leave.
  • Named Vice President of G.E. in 1972.
  • Named Senior Vice President in 1977.
  • Became Vice Chairman in 1979.
  • Hit his peak as CEO in 1982. The youngest chairman and CEO in history of G.E.
slide8
“You Can’t grow long term if you can’t eat short term” – Jack Welch
  • Made it to the top despite his working class background
  • Set a new model for the corporation
slide9
He increased the market value of GE from $12 billion to $280 billion
  • Has created more share holder value than anyone in history .
  • Reshaped GE with more than 600 acquisitions and pushed to enter newly emerging markets.
slide10
Fierce believer in the power of his people
  • Created informality at a big company
  • Manages GE like a small organization
slide11
“He’s able to get people to give more of themselves because of who he is. He lives the American dream. He wasn’t born with a silver spoon in his mouth. He got himself out of the pile. He didn’t just show up” - Brian Nailor
jack welch no nonsense management
Jack Welch No Nonsense Management
  • Clearly Define the Goals
  • Field Only the Best Team
  • Eliminate Bureaucracy
  • Develop People – Reward Their Success
  • Cut Losers
  • Remain Agile
  • Play to Win
historical significance theories and concepts
HistoricalSignificance:Theories and Concepts

Elements of Management

  • Jules Henri Fayol(1841-1925)
      • William H. Newman (1909-2002)
      • George R. Terry (1909-1979)
  • Douglas McGregor (1906-1964)
  • Peter F. Drucker (1909-2005)

Organizational Structure

  • Chester I. Barnard (1886-1961)

Leadership and Motivation

  • Abraham Maslow - Hierarchy of Needs
  • David McClelland (1917-1998) – “Needs Theory”
  • “Equity Theory”
  • James McGregor Burns (1918-) – “Transformational Leadership”
elements of management
Elements of Management
  • Function of Management
    • Plan
    • Organize
    • Command
    • Coordinate
    • Control
  • Key Factors:
    • Management Skills can be Trained
    • Eliminate Incompetent Employees
    • Foster Unity, Energy, Initiative, & Loyalty
  • Theory Y
  • Management by Objectives
organizational structure
Organizational Structure

Chester I. Barnard (1886-1961)

  • Define Organizational Purpose
  • Communication
  • Group Dynamics - Recruiting
  • “Informal” Environment – High Morale
  • Recognition and Rewards
  • Maintain Performance and Training
leadership and motivational influences
Leadership and MotivationalInfluences

Leadership and Motivation

  • Abraham Maslow - “Hierarchy of Needs”
    • Esteem
    • Self Actualization
  • David McClelland (1917-1998) – “Needs Theory”
    • Power
    • Affiliation
    • Achievement
  • “Equity Theory”
  • James McGregor Burns (1918-) – “Transformational Leadership”
    • Change Leadership
    • Employee Empowerment
jack is business
Jack is Business
  • Jack Welch LLC.
    • A partner for the private equity firm Clayton, Dubilies and Rice.
    • Consultant for Interactive Corp
  • Jack also contributes to a couple business television networks such as MSNC and CNBC.
  • Jack and Suzy also have their own website that offers a variety of helpful resources related to business management.
professor jack welch
Professor Jack Welch
  • January 25th, 2006
    • Sacred Heart University Business became the John F. Welch College of Business.
  • September, 2006
    • MIT Sloan School of Management.
  • July, 2009
    • Jack Welch Management Institute @ Chancellor University in Ohio.
written by jack welch
Written by Jack Welch
  • Winning was a book he co-wrote with his wife Suzy Welch
  • Winning the answers: confronting 74

of the toughest questions in business today

  • “Jack, straight from the gut”

#1 National Best Seller List.

  • “ The Welch Way” a weekly news column

co-written by Jack & Suzy Welch.

    • Published in approximately

45 various business magazines

summary
Summary
  • Jack wants people to become the best leaders they can be.
what leaders do
WHAT LEADERS DO

-Leaders relentlessly upgrade their team, using every encounter as an opportunity to evaluate, coach, and build self-confidence. -Leaders make sure people not only see the vision, they live and breathe it. -Leaders get into everyone's skin, exuding positive energy and optimism. -Leaders establish trust with candor, transparency, and credit. -Leaders have the courage to make unpopular decisions and gut calls. -Leaders probe and push with a curiosity that borders on skepticism, making sure their questions are answered with action. -Leaders inspire risk taking and learning by setting the example. -Leaders celebrate. - Adopted from "Winning" by Jack and Suzy Welch (HarperCollins)

Thank You! Are there any questions or comments?

resources
Resources
  • http://www.ge.com/company/history/bios/john_welch.html
  • http://www.jwmi.com/what_leaders_do.html
  • http://www.welchway.com/About-Us/Jack-Welch/Biography.aspx