3. DEFINITION OF A GOOD LEADER
A good leader or high performance leader is
described, by Jack Welch, as someone who
1) Has (Energy),
2) Can articulate a vision and inspire others
to perform (Energizes),
3) Makes the tough decisions (Edge),
4) Has the skill to deliver (Executes).
4. ENERGY
Planned Abandonment:
1)First made popular by Peter Drucker.
2)Act of getting rid of the things that don’t add value.
3)Freeing up energy and raising productivity.
4)Jack Welch went on to say leaders with energy assume that the
status quo is not good enough, last years performance again this
is not good enough, single digit growth is not good enough and
business as usual is not good enough.
5)High energy leaders create an environment where people have a
tremendous opportunity to be heard.
5. ENERGISING
Goals:
They give their employees a few clear and simple goals and let their employees
determine the level of support they need to achieve those goals.
Stretch Vision:
The 4E leader has high expectations and they aim high.
They don’t allow employees to set low expectations and they ask their
employees to rise to the challenge.
When employees respond and perform the seemingly impossible tasks, the 4E
leader rewards them.
Jack Welch would also insist they also reward their staff for missing stretch
goals by a respectful margin as a 4E leader views a stretch failure as better than
an easy success.
6. EDGE
Leaders with edge
–Make timely decisions (even the tough decisions)
–Tackle problems head on
–Change their daily plan, when required
–Deal well with change
–Identify new ideas, markets and opportunities
–Remove non-performers
–Take calculated risks
–Encourage others to take risks, and reward them for trying
–Look people in the eye and tell them the truth
–Take ownership and responsibility for things that go wrong
7. EXECUTION
•What does your competitive environment look
like?
•In the last three years what have your
competitors done?
•In the same period what have you done?
•How might they attack you business in the
future?
•What are you plans to beat them?