JACK WELCHUNGER FOR KNOWLEDGE
PRESENTS
Who is Jack Welch?
Timeline
Role Models
Personality
Behavior
Thoughts on Leadership...
WHO IS JACK WELCH?
Youngest CEO & Chairman of General Electronics (GE) at age 44Rewrote rules to be a profitable & success...
[BIRTHDAY] November 19, 1935
[BIRTHPLACE] Peabody, Massachusetts
[RAISED] Salem, Massachusetts
UPBRINGING
1957
University ...
CAREER
1968-1971
VP & Head GE Plastics
1971-1973
VP of Chem. & Metallurical
1973-1977
Head Strat. Planning
1977-1979
Sr. V...
1977
Jr. Achievement Nat. Bus.
Hall of Fame
1999 Fortune
“Manager of the Century”
SEPTEMBER 2001
Steps down as GE Chairman...
JULY 2009
Hospitalized for Bacterial Infect.
OCTOBER 2012
Welch resigns from Fortune Magazine.
NOV. 2011
Sells Jack Welch ...
EXPERIENCES TO SUCCESS
• Boundary less organization
• Listened and helped workers achieve more
• Turned GE to E-Company
• ...
Blue collar parents
ROLE MODELS
Experiences in personal and
professional life
• Had the 4 E’s
• Had Passion
• Believed in his visions for GE
• “Kick-ass and take names”
• Avoided and hated bureaucracy...
• The unnecessary had to go
• Followed his vision for GE
• Everyone has to believe to succeed
• Try to get the maximum out...
THOUGHTS ON LEADERSHIP
• Change & downsize before its too late
• Get out of the way
• Look outside
• Speed, simplicity, an...
FOLLOWERS
• Raised level of excellence in performance
• Made GE a role model for success
• “You need a talent for simplici...
WHAT WE ADMIRE…
He is not afraid to TAKE
RISKS. Being known as
Neutron jack by cutting
more than 100,000 of
the workforce ...
• Task-oriented
• High Mach
• Power- holder
• Transformational Leader
• Charismatic
SUMMARY
QUESTIONS & ANSWERS
• Borjas, Thomas. "Welch, Jack 1935–." International Directory of Business
Biographies. 2005. Encyclopedia.com. (January 3...
Jack Welch
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Jack Welch

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Leadership & Decision Making Final Presentation

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  • VIDEO PLAYShttp://youtu.be/klajdpRVbA8
  • PAUL
  • MARK CLAIMS THISYoungest CEO & Chairman of General Electronics (GE) at age 44Rewrote rules of being profitable and successful companyHis code: “Don’t be afraid of change, get rid of reluctant managers and bureaucracy, stop managing and start leading.”Jack Welch is a man's man. He works hard and plays just as hard. He's not physically imposing, but his intellect and passion do have a certain appeal with the ladies. It doesn't hurt that he's one of the most respected businessmen in history and that he's got more money than he'll ever know what to do with.His efforts streamlined the company. However, in doing so, over 100,000 GE employees' jobs were terminated, or the employees left when their business unit was either closed or sold. For this, Welch earned the nickname "Neutron Jack" (after the Neutron bomb, which kills people but leaves buildings standing).
  • SARA CLAIMS TIMELINEUPBRINGING:Raised in Salem, Blue-collar Irish family, only childLearned from his Salem neighborhood, his parents, neighborhood boys, sports.Early age he discovered his love for winning and disdain for losing.1959-1987: married to Carolyn B Osburn1960 - Begins career at GE in the Chemical Development Organization as a chemical engineer.
  • GE VISION:We would like General Electric to be perceived as a unique, high-spirited, entrepreneurial enterprise, a company known around the world for its unmatched level of excellence. “We want General Electric to be the most profitable, highly diversified company on earth, with world quality leadership in every one of its product lines.”
  • April 13, 2007 -- Makes a failed attempt - with other investors - to buy the Boston Globe from New York Times Co.June 21, 2009 - Pays more than $2 million for 12% stake in Chancellor University System LLC which delivers online education. The MBA program will become the Jack Welch Management Institute.
  • November 2011 - Sells the Jack Welch Management Institute to Strayer University for $7 million. The sale is a 70-30 split with Chancellor University; Welch gets the 70%.October 9, 2012 - Welch and wife Suzy resign as Fortune magazine and Reuters' contributors after his controversial tweet regarding the Obama administration and September unemployment data was criticized by Fortune.
  • SARA CLAIMS THIS SLIDEBenchmarking by Divisions- So each division can learn how the others are successfulE-Company with E-business initiative29 levels of management turned to 6Saved time and money saving GE $2-3Billion annuallyStars top 20% rewarded with bonuses and increase challengeLemons bottom 10% are let go and replacedSix Sigma: Get it right the first time and make sure that what was produced was of the highest quality, with zero defective unitsAwards:Junior Achievement National Business Hall of Fame, 1997; Manager of the 20th Century, Fortune , 1999; 400 Richest Americans, Forbes , 2001–2004.
  • HIRA CLAIMS THIS SLIDEMOM: After his Hockey team lost a game, he threw a tantrum throwing his hockey stick and pouting. His mom took him to the locker room and stated "If you don't know how to lose, you'll never know how to win. If you don't know this, you shouldn't be playing
  • HIRA CLAIMS THIS SLIDE4E’s: Positive Energy, Power to Energize others, Edge (Power to make tough decisions), Execution (Ability to get the job done)Final P: Passion for what he was doing, heartfelt, deep, and authentic excitement about work AND their colleagues. Loving to learn and grow.
  • MARK CLAIMS THISHis Wives: Carolyn B. Osburn (m. 1959–1987) –married 28 years 4 childrenWent their separate ways, jack saw himself as a “babe magnet” Jane Beasley (m. 1989–2003), -LawywerWhile Welch had crafted a prenuptial agreement, Beasley insisted on a ten-year time limit to its applicability, and thus she was able to leave the marriage with an amount believed to be around $180 million out of his $900m. After she discovered the affair he had with SuzySuzy Welch (m. 2004), Senior editor, but forced to resign due to scandals and news reports- age 44 they describe their relationship as “wild and crazy”
  • HIRA CLAIMS THIS SLIDEhttp://youtu.be/9OjSP1bUA9o
  • PAULResulted in high revenues making GE a role model for success
  • PAUL SAYS HIS PARTMARK SAYS HIS PARTHIRA SAYS HER PARTSARA SAYS HER PART
  • PAUL
  • Jack Welch

    1. 1. JACK WELCHUNGER FOR KNOWLEDGE PRESENTS Who is Jack Welch? Timeline Role Models Personality Behavior Thoughts on Leadership Followers What We Admire Summary Question & Answers WHO IS JACK WELCH?
    2. 2. WHO IS JACK WELCH? Youngest CEO & Chairman of General Electronics (GE) at age 44Rewrote rules to be a profitable & successful companyWorked & played hard, but a respected businessmanLed by a codeNicknamed “Neutron Jack”
    3. 3. [BIRTHDAY] November 19, 1935 [BIRTHPLACE] Peabody, Massachusetts [RAISED] Salem, Massachusetts UPBRINGING 1957 University of MA. B.S. Chem. Engineer 1960 University of IL. MS, PH.D Chem. Engineer TIMELINE 1960-1968 Chem. Engineer WORK
    4. 4. CAREER 1968-1971 VP & Head GE Plastics 1971-1973 VP of Chem. & Metallurical 1973-1977 Head Strat. Planning 1977-1979 Sr. VP & Head Cons. Prod. & Service Division 1979-1981 Vice Chairman 1981-2001 Corp. Chair, GE & National CEO
    5. 5. 1977 Jr. Achievement Nat. Bus. Hall of Fame 1999 Fortune “Manager of the Century” SEPTEMBER 2001 Steps down as GE Chairman & CEO Replaced by Jeffrey Immelt 2001 Forbes- 400 Richest Amer. APRIL 2007 Tried to buy Boston Globe JUNE 2009 Funded Jack Welch Mang. Institute
    6. 6. JULY 2009 Hospitalized for Bacterial Infect. OCTOBER 2012 Welch resigns from Fortune Magazine. NOV. 2011 Sells Jack Welch Mang. Institute
    7. 7. EXPERIENCES TO SUCCESS • Boundary less organization • Listened and helped workers achieve more • Turned GE to E-Company • Develop talented people • Six Sigma
    8. 8. Blue collar parents ROLE MODELS Experiences in personal and professional life
    9. 9. • Had the 4 E’s • Had Passion • Believed in his visions for GE • “Kick-ass and take names” • Avoided and hated bureaucracy PERSONALITY
    10. 10. • The unnecessary had to go • Followed his vision for GE • Everyone has to believe to succeed • Try to get the maximum out of everyone • Infatuated with women BEHAVIOR
    11. 11. THOUGHTS ON LEADERSHIP • Change & downsize before its too late • Get out of the way • Look outside • Speed, simplicity, and self-confidence • Stretch
    12. 12. FOLLOWERS • Raised level of excellence in performance • Made GE a role model for success • “You need a talent for simplicity” • Get the best out of them
    13. 13. WHAT WE ADMIRE… He is not afraid to TAKE RISKS. Being known as Neutron jack by cutting more than 100,000 of the workforce and still managing to stay strong. He had a VISION of leading a company to become one of the best in the world and he followed his dream to achieve his goals. He’s not afraid to CHANGE and listen to others. Accepted change even if he was scared. “I was afraid of the internet... because I couldn't type.” He is DETERMINED to get things done. PAUL GOERTZ SARA SAN ANTONIO MARK TALIMAN HIRA WALEED
    14. 14. • Task-oriented • High Mach • Power- holder • Transformational Leader • Charismatic SUMMARY
    15. 15. QUESTIONS & ANSWERS
    16. 16. • Borjas, Thomas. "Welch, Jack 1935–." International Directory of Business Biographies. 2005. Encyclopedia.com. (January 30, 2013). • http://www.encyclopedia.com/doc/1G2-3448500603.html • http://www.brainyquote.com/quotes/authors/j/jack_welch.html • http://www.cnn.com/2012/12/27/us/jack-welch---fast-facts • http://www.refresher.com/!svbfoures.html • http://www.callcentres.com.au/GE5_Jack_Welch.htm • http://www.referenceforbusiness.com/biography/S-Z/Welch-Jack- 1935.html#ixzz2JjKbCZYo • http://mason.gmu.edu/~vdoherty/Portfolio/Products/jwelch.html • http://www.referenceforbusiness.com/biography/S-Z/Welch-Jack-1935.html • https://twitter.com/jack_welch WORK CITED

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