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Jack welch


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PPT tells about Jack Welch

PPT tells about Jack Welch

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  • 1. -Kalyan Kumar MCA Warangal
  • 2. Overview Early Life & Education About GE (General Electric) At GE After GE Conclusion References Kalyan Kumar M.C.A. 2
  • 3. Early Life & Education Born on 19th November, 1935 in Massachusetts, United States Born to a working class family Graduated from University of Massachusetts in 1957 with a B.S. in Chemical Engineering Received M.S. and Ph.D at University of Illinois in the year 1960 Kalyan Kumar M.C.A. 3
  • 4. About GE (General Electric) Founder - Thomas A. Edison  First Name – Edison Electric Light Company Established in the year 1878  Renamed as General Electric in the Year 1902 Chairman & CEO – Jeffery R. Immelt Kalyan Kumar M.C.A. 4
  • 5. Jack Welch @ GE Joined GE in 1960 as a Chemical Engineer in Plastics Division at a salary of $10,500 annually In 1961, Welch planned to quit his job Persuaded to remain at GE by Reuben Gutoff Kalyan Kumar M.C.A. 5
  • 6. Jack Welch @ GE Vice president of GE in 1972 Vice chairman in 1977 Chairman & CEO of GE in 1981 Welch is the 8th Chairman & CEO of GE Kalyan Kumar M.C.A. 6
  • 7. Welch’s Management Style Create a culture where Risk is rewarded. Accountability and measurable goals are paramount. If something or someone is not working out kill the project or fire the employee. Candor and Trust are king in building a competitive and efficient workplace. Kalyan Kumar M.C.A. 7
  • 8. After GE Wrote a popular column for “Business Week”, for 4 years Published  “Winning”  “Straight from the Gut”  “Winning: The Answers” Welch has been teaching a class at the MIT Sloan School of Management Founded “Jack Welch Management Institute” Kalyan Kumar M.C.A. 8
  • 9. Welch says . . . The team with the best players wins. A company should be either #1 or #2 in a particular industry, or else leave it completely. Ive learned that mistakes can often be as good a teacher as success. If you dont have a competitive advantage, dont compete. Kalyan Kumar M.C.A. 9
  • 10. ConclusionTook $14 billion company to $400 billion company,received a salary of $4million a year at the time of hisretirement.In 1999 he was named "Manager of the Century" byFortune magazine."If management is an art, then surely Jack Welch hasproved himself a master painter." - BusinessWeek Kalyan Kumar M.C.A. 10
  • 11. References Kalyan Kumar M.C.A. 11
  • 12. Kalyan Kumar M.C.A. 12
  • 13. Kalyan Kumar M.C.A. 13