SlideShare a Scribd company logo
1 of 54
Ten3 Business e-Coach – the world’s leading source of
                              inspiration, innovation, and unlimited growth!




                           25 Lessons
                        from Jack Welch
        Creating the world’s most competitive enterprise



                 Lessons from the legendary former CEO of GE,
             whose management innovations have made him the most
                           influential CEO of his era


© 2007 Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com   25 LESSONS FROM JACK WELCH
25 Lessons from Jack Welch
                        Creating the world’s most competitive enterprise
   Clickable titles                                                                                 Contents




       GE Success Story: Flash Points
       25 Lessons from Jack Welch
            I.        Lead More, Manage Less

            II. Build a Winning Organization

            III. Harness Your People for Competitive Advantage

            IV. Build a Market-Leading Company

       GE Leadership Assessment Survey
                                                                                       Slide + Executive Summary
                                                                           To see Slides with Executive Summaries,
© Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com          view or print slides as Note Pages
Creating the World’s Most Competitive Enterprise                                              Success
      Lessons from Jack Welch, Former CEO of GE                                                  Story



                                              Welch’s Seven-Point
                  US$500 billion
                                            Program for Management
                                                 by Leadership
  GE Market
 Capitalization                              1. Develop a vision for the
                                                business
                                             2. Change the culture to
                                                achieve the vision
US$13 billion                                3. Flatten the organization
                                             4. Eliminate bureaucracy
    1981              2000
                                             5. Empower individuals
                                             6. Raise quality and
 Jack Welch        Jack Welch
                                                efficiency
  appointed        steps down
                                             7. Eliminate boundaries
as CEO of GE      as CEO of GE
                                   More information at 1000ventures.com: “Jack Welch – a Corporate Change Leader”
Jack Welch – Corporate Change Leader
                 Welch’s Trademark Messages



 Business is simple.
 Don't make business overly complicated.
 Face reality, then act decisively.
 Don't be afraid of change.
 Change before you have to.
 Fight bureaucracy.
 Use the brains of your workers.
 Discover who has the best ideas, and put those ideas
  into practice.

                                                    1000ventures.com
Leading Organizational Transformation
                           Lessons from Jack Welch
         Leading Change
   through the GE's Organization
 Redesigning the role of the leader in the
  new economy: creating followers
  through communicating a vision, and
  establishing open, caring relations with
  every employee

 Creating an open, collaborative
  workplace where everyone's opinion is
  welcome
                                                            Welch’s prescription
 Empowering senior executives to run far-                for winning in business
  flung businesses in entrepreneurial
  fashion                                                          1. Speed
 Liberating the workforce; making                                 2. Simplicity
  everybody a participant through
  improving vertical communication and                             3. Self-confidence
  employee empowerment
                                              More information at 1000ventures.com: “Jack Welch – Corporate Change Leader”
Leadership Development
            A Strategic Duty of All Senior Leaders at GE

Four Essential Tasks                     GE Leadership Assessment
1. Recognize the importance of           Survey (LES): Characteristics
   leadership to your business
   success                            1. Vision
2. Have in place a specific process   2. Customer / Quality Focus
   for developing leadership talent
                                      3. Integrity
3. Define leadership attributes
   behaviorally, for the benefit of   4. Accountability / Commitment
   future leaders
                                      5. Communication / Influence
4. Use the leadership
                                      6. Shared Ownership
   competencies stipulated in the
   Leadership Effectiveness           7. Team Builder / Empowerment
   Survey (LES) to integrate a
   number of management               8. Knowledge / Expertise / Intellect
   practices with the purpose of      9. Initiative / Speed
   building quality of leadership.
                                      10. Global Mind-set
                                        More information at 1000ventures.com: “GE’s Leadership Assessment Survey (LES)”
Shared Corporate Values
                      GE Values Guide
GE Leaders... Always with Unyielding Integrity:
 Have a Passion for Excellence and Hate Bureaucracy
 Are Open to Ideas from Anywhere... and Committed to Work-Out
 Live Quality... and Drive Cost and Speed for Competitive Advantage
 Have the Self-Confidence to Involve Everyone and Behave in a
  Boundaryless Fashion
 Create a Clear, Simple, Reality-Based Vision... and Communicate It
  to All Constituencies
 Have Enormous Energy and the Ability to Energize Others
 Stretch... Set Aggressive Goals... Reward Progress... Yet Understand
  Accountability and Commitment
 See Change as Opportunity... Not Threat
 Have Global Brains... and Build Diverse and Global Teams
                                                  More information at 1000ventures.com: “Shared Values”
Lessons from Jack Welch
                 The 4 E’s of Leadership




          Energy                            Energize
   They have tremendous           They energize teams, and
      personal energy               don't intimidate them




        Execution                                Edge
They are action-oriented, and    They have a competitive edge
are focused on getting results         and a will to win



                                      More information at 1000ventures.com: “25 Lessons from Jack Welch”
GE Growth Strategies
                 “Shun the incremental and go for the leap“
                                              – Jack Welch

Going for the leap
•   Radical innovation
•   Diversification
•   Venture investing
•   Acquisitions




                            Shining the incremental
                            • Lean organization
                            • GE Work-Out
                            • Quality Management: Six Sigma

                                           More information at 1000ventures.com: “Sustainable Growth Strategies”
Strategy Formulation
                                  GE Multifactor Business Portfolio Matrix
  “Companies win when their managers make a clear and meaningful distinction
 between top- and bottom-performing businesses and people, when they cultivate
                   the strong and cull the weak.” – Jack Welch


                                     Selective       Invest /          Invest /
                          HIGH
                                    Investment        Grow              Grow
     Business Position




                                     Harvest /       Selective         Invest /
                         MEDIUM       Divest        Investment          Grow



                                     Harvest /       Harvest /      Selective
                           LOW                                     Investment
                                      Divest          Divest


                                       LOW            MEDIUM             HIGH

Source: GE & McKinsey & Co.
                                             Industry Attractiveness              1000ventures.com
Quality Management: Six Sigma
             Impact of Six Sigma Implementation at GE
"We want to change the competitive landscape by being not just better
than our competitors, but by taking quality to a whole new level.”
                                                          – Jack Welch


       Results achieved over the first two years (1996-1998)
                                                                     17%
                        13%              14%
       11%




     Revenue           Profits        Earning per              Operating
    increased        increased      share increased             margins
                                                               increased
                                                  More information at 1000ventures.com: “Six Sigma”
Six Sigma Implementation at GE
              Making the Six Sigma Process Work

Four MAIC Steps                 Five Corporate Measures
1. Measure                      1.   Customer Satisfaction
                                2.   Cost of Poor Quality
2. Analyze
                                3.   Supplier Quality
3. Improve
                                4.   Internal Performance
4. Control                      5.   Design for Manufacturability


Everyday Six Sigma
 Plant managers can use Six Sigma to reduce waste, improve
  product consistency, solve equipment problems or create capacity.
 Human resources managers can use it to reduce the cycle time for
  hiring employees.
 Regional sales managers can use it to improve forecast
  reliability, pricing strategies or pricing variation.
                                                  More information at 1000ventures.com: “Six Sigma”
GE Work-Out
    Creating the Spirit of a Start-Up Firm in a Large Enterprise

    With Work-Out as part of its DNA, GE has become one of the
    most innovative, profitable, and admired companies on earth.


     At GE, Work-Out "Town Meetings" gave the
   corporation access to an unlimited resource of
  imagination and energy of its talented employees.



Key Benefits of the Work-Out        Work-Out’s Four Major Goals
 Reduces bureaucracy
                                    1. Build trust
 Empowers people
                                    2. Empower employees
 Continuously reinvents ever-
                                    3. Eliminate unnecessary work
  more-effective ways of doing
  business                          4. Create a new paradigm
                                                            1000ventures.com
GE Work-Out
                Seven Steps to Implement Work-Out

1. Chose the issues to be discussed.
2. Select the appropriate cross-functional team to tackle the problem.
3. Chose a "champion" who will see any Work-Out recommendation
   through to implementation.
4. Let the team meet for three days, drawing up recommendations to
   improve your company's processes.
5. Meet with managers, who make decisions on the spot about each
   recommendation.
6. Hold more meetings as required to pursue the implementation of
   the recommendations.
7. Keep the process going, with these and other issues and
   recommendations.

                                                               1000ventures.com
Corporate Investing in External Ventures
                                  GE Equity

   No of Ventures Invested                      Nature of Venture
                            600                Investments (2002)
                                         15%
                300                                                           Strategic Value
                                                                              Investments
     0                                                                        Investments in
                                                                              Areas Unrelated
   1995        2000        2005                                               to GE
                                                     85%

 Established in 1995, General Electric (GE) Equity, a business unit within
  GE Capital, invests around $1.5 billion annually in external ventures

 GE Equity invests an average of $3 million to $5 million in each of
  companies, and it gets somewhere between 5 and 11% of each venture

 85% of investment are strategic value investments that help GE
  businesses grow and are done jointly with one of them

                                                More information at 1000ventures.com: “Corporate Venture Investing”
Corporate Venture Investing: GE Equity
                             Success Factors

 Qualities of Top Managers
      Critical to Success          Highly Disciplined Business
                                    Management System (BMS)
 they are visionary leaders
  aiming at building a world-      rigorous examination
  class, global, private equity     procedure
  organization                     systematic investment
 each of them is a                 approach based on decision
  remarkable hybrid of              and probability theories
  corporate executive and          the most onerous due-
  venture capitalist                diligence checklist in the
 they practice and lead a          world of corporate venture
  highly disciplined approach       investing
  to project selection and         portfolio management system
  portfolio management

                                         More information at 1000ventures.com: “Corporate Venture Investing”
25 Lessons from Jack Welch
                        Creating the world’s most competitive enterprise
   Clickable titles




       GE Success Story: Flash Points
       25 Lessons from Jack Welch
             I.       Lead More, Manage Less

             II. Build a Winning Organization

             III. Harness Your People for Competitive Advantage

             IV. Build a Market-Leading Company

       GE Leadership Assessment Survey
                                                                                            Slide + Executive Summary
                                                                                To see Slides with Executive Summaries,
© 2007 Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com          view or print slides as Note Pages
Management by Leadership
                         25 Lessons from Jack Welch

                          LEAD MORE, MANAGE LESS
 1.    Lead                          6.    Energize others
 2.    Manage less                   7.    Face reality
 3.    Articulate your vision        8.    See change as an opportunity
 4.    Simplify                      9.    Get good ideas from everywhere
 5.    Get less formal               10.   Follow up

BUILD A WINNING ORGANIZATION               HARNESS YOUR PEOPLE
11.   Get rid of bureaucracy          16.   Involve everyone
12.   Eliminate boundaries            17.   Make everybody a team player
13.   Put values first                18.   Stretch
14.   Cultivate leaders               19.   Instill confidence
15.   Create learning culture         20.   Make business fun

                  BUILD THE MARKET-LEADING COMPANY
21. Be number 1 or number 2                24. Live speed
22. Live quality                           25. Behave like a small company
23. Constantly focus on innovation
                                               More information at 1000ventures.com: “25 Lessons from Jack Welch”
25 Lessons from Jack Welch
                        Creating the world’s most competitive enterprise
   Clickable titles




       GE Success Story: Flash Points
       25 Lessons from Jack Welch
             I.       Lead More, Manage Less

             II. Build a Winning Organization

             III. Harness Your People for Competitive Advantage

             IV. Build a Market-Leading Company

       GE Leadership Assessment Survey
                                                                                            Slide + Executive Summary
                                                                                To see Slides with Executive Summaries,
© 2007 Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com          view or print slides as Note Pages
Lead More, Manage Less: Lesson 1
                               Lead

Managers muddle – leaders inspire.
"What we are looking for are leaders at
every level who can energize, excite and
inspire rather than
enervate, depress, and control."



     Create a vision and then ignite your organization to make this
      vision a reality
     Focus on strategic issues
     Don't micromanage
     Involve everyone and welcome great ideas from everywhere
     Lead by example

  Lesson1: LEAD                              More information at 1000ventures.com: “Effective Leadership”
Lead More, Manage Less: Lesson 2
                          Manage Less

"We are constantly amazed by how much people will
do when they are not told what to do by
management." In the new knowledge-driven
economy, people should make their own decision.
Managing less is managing better. Close
supervision, control and bureaucracy kill the
competitive spirit of the company. "Weak managers
are the killers of business; they are the job killers.
You can't manage self-confidence into people."


                Don't get bogged down in overmanaging
                Don't hold information close to your chest
                Inspire, empower, and get out of the way

                                            More information at 1000ventures.com: “25 Lessons from Jack Welch”
Lead More, Manage Less: Lesson 3
                  Articulate Your Vision

"Leaders inspire people with clear visions of how
things can be done better." The best leaders do not
provide a step-by-step instruction manual for workers.
The best leaders are those who come up with new
idea, and articulate a vision that inspires others to act.



         Create and project a clear vision
         Articulate a few clear stretch goals for your company
         Make sure you have the very best people to carry
          your vision out.



                                                More information at 1000ventures.com: “Vision, Mission, Goals”
Lead More, Manage Less: Lesson 4
                              Simplify

Keeping things simple is one of the keys to business.
Have the courage to be simple. Simplicity is practically an
art form, with many definitions. "Simple messages travel
faster, simpler designs reach the market faster and the
elimination of clutter allows faster decision making."


                     Don't make business harder than it is
                     Think simply to create a clear vision
                     Make your messages simple
                     Build self-confidence
                     Simplify your workplace and communications
                     Make meeting simpler

                                              More information at 1000ventures.com: “The Power of Simplicity”
Lead More, Manage Less: Lesson 5
                     Get Less Formal

"You must realize now how important it is to
maintain the kind of corporate informality
that encourages a training class to
comfortably challenge the boss's pet ideas."



        Take the "Boss Element" our of your company
        Keep formality and rigidity out of the office
        Hold more informal meetings
        Find simple ways to loosen things up
        Brainstorm with bosses and colleagues frequently
        Organize a once-in-a-while informal get together

                                          More information at 1000ventures.com: “25 Lessons from Jack Welch”
Lead More, Manage Less: Lesson 6
                      Energize Others
Genuine leadership comes from the quality of
your vision and your ability to spark others to
extraordinary performance. Getting employees
excited about their work is the key to being a
great business leader. "We now know where
productivity - real and limitless productivity -
comes from. It comes from
challenged, empowered, excited, rewarded teams
of people."
   Live action all day
     Allow employees more freedom
     Give employees more responsibility
     Never lead by intimidation
     Let people know how their efforts are helping your organization
     Send handwritten thank-you notes
                                             More information at 1000ventures.com: “Energizing Employees”
Lead More, Manage Less: Lesson 7
                          Face Reality

Face reality, then act decisively. Most mistakes that
leaders make arise from not being willing to face reality
and then acting on it. Facing reality often means saying
and doing things that are not popular, but only by
coming to grips with reality would things get better.


         Accept the truth
         Own up the reality, don't bury your head in the sand
         See things as they are, not as you wish them to be
         Look at things with a fresh eye every day
         Look at your situation as an outsider
         Play scenarios

                                           More information at 1000ventures.com: “25 Lessons from Jack Welch”
Lead More, Manage Less: Lesson 8
       See Change As an Opportunity

Change is a big part of the reality in business.
"Willingness to change is a strength, even if it
means plunging part of the company into total
confusion for a while... Keeping an eye out for
change is both exhilarating and fun."



           It's nonsense to fear change
             Adapt your management style
             Spark other to deal with change
             Deal with change in a proactive manner
             Defy tradition
             Think short-term and long-term change
             Reinvent your business constantly
                                             More information at 1000ventures.com: “Change Management”
Lead More, Manage Less: Lesson 9
        Get Good Ideas From Everywhere

New ideas are the lifeblood of business. "The
operative assumption today is that
someone, somewhere, has a better idea; and the
operative compulsion is to find out who has that
better idea, learn it, and put it into action - fast."



       Ideas can be from any source
       Cross-pollinate
       Develop a pervasive and insatiable thirst for good ideas
       Study competitors
       Plagiarize – it's legitimate

                                               More information at 1000ventures.com: “25 Lessons from Jack Welch”
Lead More, Manage Less: Lesson 10
                          Follow Up

Follow up on everything. Follow-up is one
key measure of success for a business.
Your follow-up business strategy will pave
the way for your success.




      Demonstrate relentless consistency in everything
      When you call a meeting, see if its goals are achieved
      Harp on a few key themes and repeat them over and over
      Expand your communication to reach a critical mass
      Be consistent – consistently!

                                         More information at 1000ventures.com: “25 Lessons from Jack Welch”
25 Lessons from Jack Welch
                        Creating the world’s most competitive enterprise
   Clickable titles




       GE Success Story: Flash Points
       25 Lessons from Jack Welch
             I.       Lead More, Manage Less

             II. Build a Winning Organization

             III. Harness Your People for Competitive Advantage

             IV. Build a Market-Leading Company

       GE Leadership Assessment Survey
                                                                                            Slide + Executive Summary
                                                                                To see Slides with Executive Summaries,
© 2007 Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com          view or print slides as Note Pages
Build a Winning Organization: Lesson 11
                Get Rid Of Bureaucracy
The way to harness the power of your
people is "to turn them loose, and get the
management layers off their backs, the
bureaucratic shackles off their feet and the
functional barriers out of their way."


    Bureaucracy is the enemy. It fears change, is terrified by
     speed and hates simplicity
    Drop unnecessary work
    Delayer, create a flat responsive organization
    Cross-pollinate to make faster and better decisions
    Encourage employees to identify problems and come up
     with solutions
    Make your workplace more informal
                                               More information at 1000ventures.com: “Get Rid of the Bureaucracy”
Build a Winning Organization: Lesson 12
                Eliminate Boundaries
In order to make sure that people are free to reach for the
impossible, you must remove anything that gets in their way.
"Boundarylessness" describes an open organization free of
bureaucracy and anything else that prevents the free flow of
ideas, people, decisions, etc. Informality, fun and speed are
the qualities found in a boundaryless organization.



                Eliminate boundaries between management layers
                Eliminate boundaries between people
                Seek out ideas from everyone
                Harness the power of diversity
                Never stop eliminating boundaries

                                          More information at 1000ventures.com: “25 Lessons from Jack Welch”
Build a Winning Organization: Lesson 13
                                    Put Values First

Play up the "soft stuff" – the company's values and
culture. Don't focus too much on the numbers.
"Numbers aren't the vision; numbers are the
products." Focus more on the softer values of
building a team, sharing ideas, exciting others.



            Don't focus too much on numbers
            Let values rule
            Live values
            Emphasize your company's values and culture
            Part your company with those who don't live the values
             of your company

Lesson 13: PUT VALUES FIRST                                  More information at 1000ventures.com: “Shared Values”
Build a Winning Organization: Lesson 14
                     Cultivate Leaders

Building a leader pipeline is essential to the health
of your company and it therefore is a strategic duty
of the senior leader. Cultivate leaders who have the
four E's of leadership: Energy, Energize, Edge, and
Execution; leader who share values of your
company and deliver on commitments.



            Build self-confidence
            Look for team players
            Look for coaches
            Help them build their cross-functional expertise
            Measure performance of the leader pipeline

                                              More information at 1000ventures.com: “Managerial Leadership”
Build a Winning Organization: Lesson 15
               Create a Learning Culture
Turn your company into a learning organization to
spark free flow of communication and exchange of
ideas. "The desire, and the ability, of an organization
to continuously learn from any source, anywhere –
and to rapidly convert this learning into action – is
its ultimate competitive advantage."


 Don't think that you or your company have all the answers
 Make intellect rule
 Make learning a top priority
 Create an operating system that drives knowledge and learning
  throughout the company
 Make important information easily available to everybody
 Create a culture where ideas are translated into action and results
                                                 More information at 1000ventures.com: “Learning Organization”
25 Lessons from Jack Welch
                        Creating the world’s most competitive enterprise
   Clickable titles




       GE Success Story: Flash Points
       25 Lessons from Jack Welch
             I.       Lead More, Manage Less

             II. Build a Winning Organization

             III. Harness Your People for Competitive Advantage

             IV. Build a Market-Leading Company

       GE Leadership Assessment Survey
                                                                                       Slide + Executive Summary
                                                                           To see Slides with Executive Summaries,
© Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com          view or print slides as Note Pages
Harness Your People for Competitive Advantage: Lesson 16
                      Involve Everyone

Business is all about capturing intellect from
every person. The way to engender
enthusiasm it to allow employees far more
freedom and far more responsibility.



      Start with yourself
      Encourage people to take initiative
      Establish a meritocracy in your company
      Use the brains of every worker
      Create an atmosphere where workers feel free to speak out


                                           More information at 1000ventures.com: “25 Lessons from Jack Welch”
Harness Your People for Competitive Advantage: Lesson 17
          Make Everybody a Team Player
Every leader has both a task to complete and a team to lead. Leaders
must not only produce their personal best. The leader must work as
the team member who gets the top results from the whole team.
Managers should learn to become team players. Middle managers
have to be team members and coaches. Take steps against those
managers who wouldn't learn to become team players.


     Set up a shared and worthwhile goal
     Behave positively
     Help junior executives become future great leaders
     Build diverse cross-functional teams
     Facilitate cross-pollination of ideas
     Part your company with those who won't play as part of a team
                                              More information at 1000ventures.com: “Team Building and Teamwork”
Harness Your People for Competitive Advantage: Lesson 18
                                    Stretch!!!
Stretch is a goal or challenge that is significantly
beyond the organization's current performance
level. Stretch targets energize. "We have found that
by reaching for what appears to be the
impossible, we often actually do the impossible;
and even when we don't quite make it, we inevitably
wind up doing much better than we would have
done."

  Stretch your business strategy
  Stretch yourself
  Ask managers and employees to reach for their dreams
  Reward business leaders even for falling short of a stretched goal
  Don't abuse stretch – make sure that you do the right stuff
  Keep stretching
Lesson 18: STRETCH!!!                           More information at 1000ventures.com: “25 Lessons from Jack Welch”
Harness Your People for Competitive Advantage: Lesson 19
                      Instill Confidence
Create a truly confident workforce. Confidence is a vital
ingredient of any learning organization. The prescription for
winning is speed, simplicity, and self-confidence. Self-confident
people are open to good ideas regardless of their source and are
willing to share them. "Just as surely as speed flows from
simplicity, simplicity is grounded in self-confidence."


                      Encourage employees to look well ahead
                      Turn people loose
                        Simplify the workplace
                        Provide training and coaching
                        Let people know that you value their ideas
                        Give people independence and resources
                        Encourage people to take big swings
                                          More information at 1000ventures.com: “25 Lessons from Jack Welch”
Harness Your People for Competitive Advantage: Lesson 20
                    Make Business Fun

Fun must be a big element in your business
strategy. No one should have a job they don't
enjoy. If you don't wake up energized and
excited about tackling a new set of
challenges, then you might be in the wrong job.



        Never allow your company to take itself too seriously
        Take swings, have fun
        Find job that challenges you
        Remove anything that makes people less excited
         about going to work
        Celebrate success

                                          More information at 1000ventures.com: “25 Lessons from Jack Welch”
25 Lessons from Jack Welch
                        Creating the world’s most competitive enterprise
   Clickable titles




       GE Success Story: Flash Points
       25 Lessons from Jack Welch
             I.       Lead More, Manage Less

             II. Build a Winning Organization

             III. Harness Your People for Competitive Advantage

             IV. Build a Market-Leading Company

       GE Leadership Assessment Survey
                                                                                            Slide + Executive Summary
                                                                                To see Slides with Executive Summaries,
© 2007 Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com          view or print slides as Note Pages
Build a Market-Leading Company: Lesson 21
                Be Number 1 or Number 2
"When you're number four or five in a market, when
number one sneezes, you get pneumonia. When you're
number one, you control your destiny. The number
fours keep merging; they have difficult times. That's not
the same if you're number four, and that's your only
businesses. Then you have to find strategic ways to get
stronger. But GE had a lot of number ones."


 Evolve a game plan, a business strategy "number one, number two“
 Send shivers throughout your organization
 Exact the highest standards and make sure that everyone in your
  company meets those standards
 Look for the quantum leap
 Get rid of fat
                                            More information at 1000ventures.com: “25 Lessons from Jack Welch”
Build a Market-Leading Company: Lesson 22
                            Live Quality
"We want to change the competitive landscape by being not
just better than our competitors, but by taking quality to a
whole new level. We want to make our quality so special, so
valuable to our customers, so important to their success that
our products become the only real value choice."


                           Take great pride in your work
                           Make quality your way of life
                           Quality is your job
                           Make quality the job of every employee
                           Seek out quality training
                           Involve customers
                           Exchange best practices
                                               More information at 1000ventures.com: “Quality Management”
Build a Market-Leading Company: Lesson 23
          Constantly Focus On Innovation
"You have just got to constantly focus on innovation. And
more competitors. You've got to constantly produce more
for less through intellectual capital. Shun the
incremental, and look for the quantum leap." Now the
fundamentals have got to be more education. More
information knowledge, faster speeds, more technology
across the board.

    Invest in continuous education and training
    Shun the incremental and go for the leap
    Search for the best ideas
    Practice systems thinking and holistic approaches
    Invest in information technology and information management
    Spend an hour per week learning what competitors are doing
                                                   More information at 1000ventures.com: “Innovation”
Build a Market-Leading Company: Lesson 24
                                   Live Speed
"If you're not fast you can't win... Speed is everything. It is the
indispensable ingredient of competitiveness." Speed, simplicity and
self-confidence are closely intertwined. By simplifying the organization
and instilling confidence, you create the foundation for an organization
that incorporates speed into the fabric of the company.


                                        Cultivate the culture of speed
                                        Eliminate layers
                                        Remove all roadblocks
                                        Don't "sit" on decisions
                                        Create an open organization
                                        Communicate faster
                                        Make speed a habit
                                        Pounce every day
Lesson 24: LIVE SPEED                                   More information at 1000ventures.com: “Fast Company”
Build a Market-Leading Company: Lesson 25
          Behave Like a Small Company
Small companies have huge competitive advantages. They "are
uncluttered, simple, informal. They thrive on passion and ridicule
bureaucracy. Small companies grow on good ideas – regardless
of their source. They need everyone, involve everyone, and
reward or remove people based on their contribution to winning.
Small companies dream big dreams and set the bar high –
increments and fractions don't interest them."


               Get lean
                 Get agile
                 Start thinking like a small company
                 Infuse a small company soul into your organization
                 Communicate like a small company
                 Stay close to your customers

                                          More information at 1000ventures.com: “25 Lessons from Jack Welch”
25 Lessons from Jack Welch
                        Creating the world’s most competitive enterprise
   Clickable titles




       GE Success Story: Flash Points
       25 Lessons from Jack Welch
             I.       Lead More, Manage Less

             II. Build a Winning Organization

             III. Harness Your People for Competitive Advantage

             IV. Build a Market-Leading Company

       GE Leadership Assessment Survey
                                                                                       Slide + Executive Summary
                                                                           To see Slides with Executive Summaries,
© Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com          view or print slides as Note Pages
GE Leadership Assessment Survey                                              Уроки
                                                                                                   лидеров
                 10 Characteristics and 40 Performance Criteria
Characteristic                                           Performance Criteria
                                                             Ranking Scale:
                                      Significant Development Needed 1 2 3 4 5 Outstanding Strength

           1                  Has developed and communicated a clear, simple, customer-focused
                               Vision / direction for the organization.
      Vision
                              Forward-thinking, stretches horizons, challenges imaginations.
                              Inspires and energizes others to commit to Vision. Captures minds.
                               Leads by example.
                              As appropriate, updates Vision to reflect constant and accelerating
                               change impacting the business.

           2                  Listens to customer and assigns the highest priority to customer
                               satisfaction, including internal customers.
 Customer /
               Inspires and demonstrates a passion for excellence in every aspect of
Quality Focus
                                  work.
                              Strives to fulfill commitment to Quality in total product / service offering.
                              Lives Customer Service and creates service mind-set throughout
                               organization.
GE Leadership Assessment Survey: Criteria 1 to 10                                                       cecsi.ru
GE Leadership Assessment Survey                                       Уроки
                                                                                лидеров
      10 Characteristics and 40 Performance Criteria

       3            Maintains unequivocal commitment to honesty / truth in every
                     facet of behavior.
   Integrity
                    Follows through on commitments; assumes responsibility for
                     own mistakes.

                    Practices absolute conformance with company policies
                     embodying GEI&PS commitment to ethical conduct.

                    Actions and behaviors are consistent with words. Absolutely
                     trusted by others.

       4            Sets and meets aggressive commitments to achieve business
                     objectives.
Accountability /
                    Demonstrates courage / self-confidence to stand up for the
 Commitment
                     beliefs, ideas, co-workers.

                    Fair and compassionate yet willing to make difficult decisions.

                    Demonstrates uncompromising responsibility for preventing
                     harm to the environment

                                                                                       cecsi.ru
GE Leadership Assessment Survey                                       Уроки
                                                                            лидеров
    10 Characteristics and 40 Performance Criteria

        5             Communicates in open, candid, clear, complete, and
                       consistent manner – invites response / dissent.
 Communication /
                      Listens effectively and probes for new ideas.
    Influence
                      Uses facts and rational arguments to influence and
                       persuade.

                      Breaks down barriers and develops influential
                       relationships across teams, functions, and layers.

        6             Self-confidence to share information across traditional
                       boundaries and be open to new ideas.
Shared Ownership /
                      Encourages / promotes shared ownership for Team Vision
  Boundaryless
                       and goals.

                      Trusts others; encourages risk taking and boundaryless
                       behavior.

                      Champions Work-Out as a vehicle for everyone to be
                       heard. Open to ideas from anywhere.

                                                                                 cecsi.ru
GE Leadership Assessment Survey                                          Уроки
                                                                                  лидеров
       10 Characteristics and 40 Performance Criteria

         7               Selects talented people; provides coaching and feedback to
                          develop team members to fullest potential.
  Team Builder /
                         Delegates whole task; empowers team to maximize
  Empowerment
                          effectiveness. Is personally a Team Player.

                         Recognizes and rewards achievement. Creates positive /
                          enjoyable work environment.

                         Fully utilizes diversity of team members (cultural, race,
                          gender) to achieve business success.

         8               Possesses and readily shares functional / technical
                          knowledge and expertise. Constant interest in learning.
   Knowledge /
                         Demonstrates broad business knowledge / perspective with
Expertise / Intellect
                          cross-functional / multicultural awareness.

                         Makes good decisions with limited data. Applies intellect to
                          the fullest.

                         Quickly sorts relevant from irrelevant information, grasp
                          essentials of complex issues and initiates action.
                                                                                      cecsi.ru
GE Leadership Assessment Survey                                       Уроки
                                                                                лидеров
     10 Characteristics and 40 Performance Criteria

       9           Creates real and positive change. Sees change as an
                    Opportunity.
  Initiative /
                   Anticipates problems and initiates new and better ways of
    Speed
                    doing things.

                   Hates / avoids / eliminates "bureaucracy" and strives for
                    brevity, simplicity, clarity.

                   Understands and uses speed as a competitive advantage.

      10           Demonstrates global awareness / sensitivity and is comfortable
                    building diverse / global teams.
Global Mind-set
                   Values and promotes full utilization of global and work force
                    diversity.

                   Considers the global consequences of every decision.
                    Proactively seeks global knowledge.

                   Treats everyone with dignity, trust, and respect.

                                                                                    cecsi.ru
25 Lessons from Jack Welch
                           Creating the world’s most competitive enterprise

     GE Success Story: Flash Points
     25 Lessons from Jack Welch
           I.      Lead More, Manage Less
           II.     Build a Winning Organization
           III.    Harness Your People for Competitive Advantage
           IV.     Build a Market-Leading Company

     GE Leadership Assessment Survey                                                         THANK
                                                                                               YOU!
To view / print slides with Executive Summaries,                      Helpful Links to Ten3 Business e-Coach at www.1000ventures.com
view / print the file as Note Pages
                                                                                                          • 25 Lessons from Jack Welch
© Vadim Kotelnikov                                                                                • How To Make Effective Presentations
Inventor & Founder
Ten3 Business e-Coach – Innovation Unlimited!                                                                           Ten3 Services
 www.1000ventures.com
                                                                                                            • Ten3 e-Coaching Products
The Single-user License is below this slide. View the slide as Note Pages.                                              • Ten3 Training

More Related Content

What's hot

A Look at How We Reward the Work of Today - and Tomorrow
A Look at How We Reward the Work of Today - and TomorrowA Look at How We Reward the Work of Today - and Tomorrow
A Look at How We Reward the Work of Today - and TomorrowJ. Kim Scholes
 
Stable long lived team
Stable long lived teamStable long lived team
Stable long lived teamEmiliano Soldi
 
Transform Organizations by Surfing on a State of Continuous Flow
Transform Organizations by Surfing on a State of Continuous FlowTransform Organizations by Surfing on a State of Continuous Flow
Transform Organizations by Surfing on a State of Continuous FlowEmiliano Soldi
 
Designing adaptive and nimble organizations
Designing adaptive and nimble organizationsDesigning adaptive and nimble organizations
Designing adaptive and nimble organizationsEmiliano Soldi
 
Final ppt no 3[1] 3
Final ppt no 3[1] 3Final ppt no 3[1] 3
Final ppt no 3[1] 3nikhatp
 
Agile addiction patterns for changing organizations
Agile addiction   patterns for changing organizationsAgile addiction   patterns for changing organizations
Agile addiction patterns for changing organizationsEmiliano Soldi
 
What the hell is up to-date leadership
What the hell is up to-date leadershipWhat the hell is up to-date leadership
What the hell is up to-date leadershipBirgit Mallow
 
Leadership in a (Permanent) Crisis
Leadership in a (Permanent) CrisisLeadership in a (Permanent) Crisis
Leadership in a (Permanent) CrisisKamranAtiq
 
AgileFfest 2017 - Adaptive leadership, AdRoc Consulting
AgileFfest 2017 - Adaptive leadership, AdRoc ConsultingAgileFfest 2017 - Adaptive leadership, AdRoc Consulting
AgileFfest 2017 - Adaptive leadership, AdRoc ConsultingAgile Ffest2017
 
Execution turning vision into reality
Execution turning vision into realityExecution turning vision into reality
Execution turning vision into realityrohtashmal
 
Strategic Inflection Points, Einstein & Learning in the CPA Profession
Strategic Inflection Points, Einstein & Learning in the CPA ProfessionStrategic Inflection Points, Einstein & Learning in the CPA Profession
Strategic Inflection Points, Einstein & Learning in the CPA ProfessionTom Hood, CPA,CITP,CGMA
 
Nurturing Ideas And Talent 2012 01 10
Nurturing Ideas And Talent 2012 01 10Nurturing Ideas And Talent 2012 01 10
Nurturing Ideas And Talent 2012 01 10Martin Wright
 
50 best managed Douglas Reid 2012
50 best managed Douglas Reid 201250 best managed Douglas Reid 2012
50 best managed Douglas Reid 2012Douglas Reid
 
Shared Value - the next big thing in strategic innovation20110617 keynote gdf...
Shared Value - the next big thing in strategic innovation20110617 keynote gdf...Shared Value - the next big thing in strategic innovation20110617 keynote gdf...
Shared Value - the next big thing in strategic innovation20110617 keynote gdf...Jeroen De Flander
 
Evolution of the ceo
Evolution of the ceoEvolution of the ceo
Evolution of the ceoDavid Turner
 
022 steve remedios - on handling change
022   steve remedios - on handling change022   steve remedios - on handling change
022 steve remedios - on handling changeStephen Remedios
 

What's hot (19)

A Look at How We Reward the Work of Today - and Tomorrow
A Look at How We Reward the Work of Today - and TomorrowA Look at How We Reward the Work of Today - and Tomorrow
A Look at How We Reward the Work of Today - and Tomorrow
 
Stable long lived team
Stable long lived teamStable long lived team
Stable long lived team
 
Transform Organizations by Surfing on a State of Continuous Flow
Transform Organizations by Surfing on a State of Continuous FlowTransform Organizations by Surfing on a State of Continuous Flow
Transform Organizations by Surfing on a State of Continuous Flow
 
Designing adaptive and nimble organizations
Designing adaptive and nimble organizationsDesigning adaptive and nimble organizations
Designing adaptive and nimble organizations
 
Final ppt no 3[1] 3
Final ppt no 3[1] 3Final ppt no 3[1] 3
Final ppt no 3[1] 3
 
Agile addiction patterns for changing organizations
Agile addiction   patterns for changing organizationsAgile addiction   patterns for changing organizations
Agile addiction patterns for changing organizations
 
What the hell is up to-date leadership
What the hell is up to-date leadershipWhat the hell is up to-date leadership
What the hell is up to-date leadership
 
Leadership in a (Permanent) Crisis
Leadership in a (Permanent) CrisisLeadership in a (Permanent) Crisis
Leadership in a (Permanent) Crisis
 
AgileFfest 2017 - Adaptive leadership, AdRoc Consulting
AgileFfest 2017 - Adaptive leadership, AdRoc ConsultingAgileFfest 2017 - Adaptive leadership, AdRoc Consulting
AgileFfest 2017 - Adaptive leadership, AdRoc Consulting
 
Execution turning vision into reality
Execution turning vision into realityExecution turning vision into reality
Execution turning vision into reality
 
Strategic Inflection Points, Einstein & Learning in the CPA Profession
Strategic Inflection Points, Einstein & Learning in the CPA ProfessionStrategic Inflection Points, Einstein & Learning in the CPA Profession
Strategic Inflection Points, Einstein & Learning in the CPA Profession
 
Management Innovation - Lecture
Management Innovation - LectureManagement Innovation - Lecture
Management Innovation - Lecture
 
Nurturing Ideas And Talent 2012 01 10
Nurturing Ideas And Talent 2012 01 10Nurturing Ideas And Talent 2012 01 10
Nurturing Ideas And Talent 2012 01 10
 
Strategic Change
Strategic ChangeStrategic Change
Strategic Change
 
50 best managed Douglas Reid 2012
50 best managed Douglas Reid 201250 best managed Douglas Reid 2012
50 best managed Douglas Reid 2012
 
21st century management concept part 1
21st century management concept part 121st century management concept part 1
21st century management concept part 1
 
Shared Value - the next big thing in strategic innovation20110617 keynote gdf...
Shared Value - the next big thing in strategic innovation20110617 keynote gdf...Shared Value - the next big thing in strategic innovation20110617 keynote gdf...
Shared Value - the next big thing in strategic innovation20110617 keynote gdf...
 
Evolution of the ceo
Evolution of the ceoEvolution of the ceo
Evolution of the ceo
 
022 steve remedios - on handling change
022   steve remedios - on handling change022   steve remedios - on handling change
022 steve remedios - on handling change
 

Similar to 25 lessons jack_welch_ten_minicourse

25_lessons_jack_welch_ten3_minicourse2
25_lessons_jack_welch_ten3_minicourse225_lessons_jack_welch_ten3_minicourse2
25_lessons_jack_welch_ten3_minicourse2Getachew Abeje Tegagne
 
Leadership Lessons
Leadership Lessons Leadership Lessons
Leadership Lessons Ercan KAYA
 
Leadership Impacts the Bottom Line...Is leadership development a key componen...
Leadership Impacts the Bottom Line...Is leadership development a key componen...Leadership Impacts the Bottom Line...Is leadership development a key componen...
Leadership Impacts the Bottom Line...Is leadership development a key componen...Arseth Insights
 
Talent Management - 2008 Arunesh Chand Mankotia
Talent Management - 2008 Arunesh Chand MankotiaTalent Management - 2008 Arunesh Chand Mankotia
Talent Management - 2008 Arunesh Chand MankotiaConsultonmic
 
Rethinking leadership and management to drive innovation
Rethinking leadership and management to drive innovationRethinking leadership and management to drive innovation
Rethinking leadership and management to drive innovationStocker Partnership
 
Enspire Performance Accelerators
Enspire Performance AcceleratorsEnspire Performance Accelerators
Enspire Performance AcceleratorsEnspire Learning
 
A Tribute to Jack Welch: Manager of the Century
A Tribute to Jack Welch: Manager of the CenturyA Tribute to Jack Welch: Manager of the Century
A Tribute to Jack Welch: Manager of the CenturyDr. Amarjeet Singh
 
Developing Resilience - Leading Talent in the 21st Century
Developing Resilience - Leading Talent in the 21st CenturyDeveloping Resilience - Leading Talent in the 21st Century
Developing Resilience - Leading Talent in the 21st CenturyHuman Capital Media
 
Bluepoint Strategic Leadership Development With Notes
Bluepoint   Strategic Leadership Development With NotesBluepoint   Strategic Leadership Development With Notes
Bluepoint Strategic Leadership Development With NotesDavid Parks
 
Bbl Breakthrough Leadership Mod 2 17 July2008
Bbl Breakthrough Leadership Mod 2 17 July2008Bbl Breakthrough Leadership Mod 2 17 July2008
Bbl Breakthrough Leadership Mod 2 17 July2008Kimberly Wiefling
 
GROWTH AT WORK: The Benefits of Building Entrepreneurial Environments
GROWTH AT WORK: The Benefits of Building Entrepreneurial EnvironmentsGROWTH AT WORK: The Benefits of Building Entrepreneurial Environments
GROWTH AT WORK: The Benefits of Building Entrepreneurial Environmentsled4lgus
 
Change is a Given: Now What?
Change is a Given: Now What? Change is a Given: Now What?
Change is a Given: Now What? AchieveGlobal
 
Leaderonomics SME CEO Conference 2017 - Growing & Scaling your Business to Gr...
Leaderonomics SME CEO Conference 2017 - Growing & Scaling your Business to Gr...Leaderonomics SME CEO Conference 2017 - Growing & Scaling your Business to Gr...
Leaderonomics SME CEO Conference 2017 - Growing & Scaling your Business to Gr...Roshan Thiran
 
Dynamic Capabilities and Rendanheyi
Dynamic Capabilities and RendanheyiDynamic Capabilities and Rendanheyi
Dynamic Capabilities and RendanheyiDavid Teece
 
Myriadfacets In A Nutshell
Myriadfacets In A NutshellMyriadfacets In A Nutshell
Myriadfacets In A Nutshellpatstevens
 
The lander associates leadership white paper
The lander associates leadership white paperThe lander associates leadership white paper
The lander associates leadership white paperLander Consultancy
 
Entreprenuership: An Overview
Entreprenuership: An OverviewEntreprenuership: An Overview
Entreprenuership: An OverviewJitendra Sahoo
 

Similar to 25 lessons jack_welch_ten_minicourse (20)

25_lessons_jack_welch_ten3_minicourse2
25_lessons_jack_welch_ten3_minicourse225_lessons_jack_welch_ten3_minicourse2
25_lessons_jack_welch_ten3_minicourse2
 
Leadership Lessons
Leadership Lessons Leadership Lessons
Leadership Lessons
 
Leadership Impacts the Bottom Line...Is leadership development a key componen...
Leadership Impacts the Bottom Line...Is leadership development a key componen...Leadership Impacts the Bottom Line...Is leadership development a key componen...
Leadership Impacts the Bottom Line...Is leadership development a key componen...
 
Talent Management - 2008 Arunesh Chand Mankotia
Talent Management - 2008 Arunesh Chand MankotiaTalent Management - 2008 Arunesh Chand Mankotia
Talent Management - 2008 Arunesh Chand Mankotia
 
Rethinking leadership and management to drive innovation
Rethinking leadership and management to drive innovationRethinking leadership and management to drive innovation
Rethinking leadership and management to drive innovation
 
Practicing Leadership
Practicing LeadershipPracticing Leadership
Practicing Leadership
 
Enspire Performance Accelerators
Enspire Performance AcceleratorsEnspire Performance Accelerators
Enspire Performance Accelerators
 
A Tribute to Jack Welch: Manager of the Century
A Tribute to Jack Welch: Manager of the CenturyA Tribute to Jack Welch: Manager of the Century
A Tribute to Jack Welch: Manager of the Century
 
7 Principles For Developing A Culture That Works!
7 Principles For Developing A Culture That Works!7 Principles For Developing A Culture That Works!
7 Principles For Developing A Culture That Works!
 
Developing Resilience - Leading Talent in the 21st Century
Developing Resilience - Leading Talent in the 21st CenturyDeveloping Resilience - Leading Talent in the 21st Century
Developing Resilience - Leading Talent in the 21st Century
 
Bluepoint Strategic Leadership Development With Notes
Bluepoint   Strategic Leadership Development With NotesBluepoint   Strategic Leadership Development With Notes
Bluepoint Strategic Leadership Development With Notes
 
Bbl Breakthrough Leadership Mod 2 17 July2008
Bbl Breakthrough Leadership Mod 2 17 July2008Bbl Breakthrough Leadership Mod 2 17 July2008
Bbl Breakthrough Leadership Mod 2 17 July2008
 
GROWTH AT WORK: The Benefits of Building Entrepreneurial Environments
GROWTH AT WORK: The Benefits of Building Entrepreneurial EnvironmentsGROWTH AT WORK: The Benefits of Building Entrepreneurial Environments
GROWTH AT WORK: The Benefits of Building Entrepreneurial Environments
 
Change is a Given: Now What?
Change is a Given: Now What? Change is a Given: Now What?
Change is a Given: Now What?
 
Leaderonomics SME CEO Conference 2017 - Growing & Scaling your Business to Gr...
Leaderonomics SME CEO Conference 2017 - Growing & Scaling your Business to Gr...Leaderonomics SME CEO Conference 2017 - Growing & Scaling your Business to Gr...
Leaderonomics SME CEO Conference 2017 - Growing & Scaling your Business to Gr...
 
The 30 most inspirational business leaders to watch, 2018
The 30 most inspirational business leaders to watch, 2018The 30 most inspirational business leaders to watch, 2018
The 30 most inspirational business leaders to watch, 2018
 
Dynamic Capabilities and Rendanheyi
Dynamic Capabilities and RendanheyiDynamic Capabilities and Rendanheyi
Dynamic Capabilities and Rendanheyi
 
Myriadfacets In A Nutshell
Myriadfacets In A NutshellMyriadfacets In A Nutshell
Myriadfacets In A Nutshell
 
The lander associates leadership white paper
The lander associates leadership white paperThe lander associates leadership white paper
The lander associates leadership white paper
 
Entreprenuership: An Overview
Entreprenuership: An OverviewEntreprenuership: An Overview
Entreprenuership: An Overview
 

More from Mukul Chaudhri

Learn2Invest Session 4-Taxation.pdf
Learn2Invest Session 4-Taxation.pdfLearn2Invest Session 4-Taxation.pdf
Learn2Invest Session 4-Taxation.pdfMukul Chaudhri
 
Learn2Invest Session 7-Financial Statements.pdf
Learn2Invest Session 7-Financial Statements.pdfLearn2Invest Session 7-Financial Statements.pdf
Learn2Invest Session 7-Financial Statements.pdfMukul Chaudhri
 
Indian EMS Industry The next Big Theme to bet on!.pdf
Indian EMS Industry  The next Big Theme to bet on!.pdfIndian EMS Industry  The next Big Theme to bet on!.pdf
Indian EMS Industry The next Big Theme to bet on!.pdfMukul Chaudhri
 
Learn2Invest Session 9-Edge Framework.pdf
Learn2Invest Session 9-Edge Framework.pdfLearn2Invest Session 9-Edge Framework.pdf
Learn2Invest Session 9-Edge Framework.pdfMukul Chaudhri
 
Learn2Invest Session 7-Financial Statements.pdf
Learn2Invest Session 7-Financial Statements.pdfLearn2Invest Session 7-Financial Statements.pdf
Learn2Invest Session 7-Financial Statements.pdfMukul Chaudhri
 
Multibagger Studies (1).pdf
Multibagger Studies (1).pdfMultibagger Studies (1).pdf
Multibagger Studies (1).pdfMukul Chaudhri
 
Learn2Invest Session 5-Average Market Capitalisation of Listed Companies duri...
Learn2Invest Session 5-Average Market Capitalisation of Listed Companies duri...Learn2Invest Session 5-Average Market Capitalisation of Listed Companies duri...
Learn2Invest Session 5-Average Market Capitalisation of Listed Companies duri...Mukul Chaudhri
 
Learn2Invest Session 4-Taxation.pdf
Learn2Invest Session 4-Taxation.pdfLearn2Invest Session 4-Taxation.pdf
Learn2Invest Session 4-Taxation.pdfMukul Chaudhri
 
Learn2Invest Session 5-Decoding Stock Market.pdf
Learn2Invest Session 5-Decoding Stock Market.pdfLearn2Invest Session 5-Decoding Stock Market.pdf
Learn2Invest Session 5-Decoding Stock Market.pdfMukul Chaudhri
 
Learn2Invest-2-Inflation.pdf
Learn2Invest-2-Inflation.pdfLearn2Invest-2-Inflation.pdf
Learn2Invest-2-Inflation.pdfMukul Chaudhri
 
Learn2Invest-1-Importance.pdf
Learn2Invest-1-Importance.pdfLearn2Invest-1-Importance.pdf
Learn2Invest-1-Importance.pdfMukul Chaudhri
 
Learn2Invest Session 6-Investor Type.pdf
Learn2Invest Session 6-Investor Type.pdfLearn2Invest Session 6-Investor Type.pdf
Learn2Invest Session 6-Investor Type.pdfMukul Chaudhri
 
Copper Presentation (1).pdf
Copper Presentation (1).pdfCopper Presentation (1).pdf
Copper Presentation (1).pdfMukul Chaudhri
 
Nickel Presentation.pdf
Nickel Presentation.pdfNickel Presentation.pdf
Nickel Presentation.pdfMukul Chaudhri
 
Aluminium Presentation.pdf
Aluminium Presentation.pdfAluminium Presentation.pdf
Aluminium Presentation.pdfMukul Chaudhri
 
Crude Oil Presentation.pdf
Crude Oil Presentation.pdfCrude Oil Presentation.pdf
Crude Oil Presentation.pdfMukul Chaudhri
 
Silver Presentation (1).pdf
Silver Presentation (1).pdfSilver Presentation (1).pdf
Silver Presentation (1).pdfMukul Chaudhri
 
Tie kanpur Som Mittal Oct8,2014
Tie kanpur Som Mittal Oct8,2014Tie kanpur Som Mittal Oct8,2014
Tie kanpur Som Mittal Oct8,2014Mukul Chaudhri
 

More from Mukul Chaudhri (20)

Learn2Invest Session 4-Taxation.pdf
Learn2Invest Session 4-Taxation.pdfLearn2Invest Session 4-Taxation.pdf
Learn2Invest Session 4-Taxation.pdf
 
Learn2Invest Session 7-Financial Statements.pdf
Learn2Invest Session 7-Financial Statements.pdfLearn2Invest Session 7-Financial Statements.pdf
Learn2Invest Session 7-Financial Statements.pdf
 
Indian EMS Industry The next Big Theme to bet on!.pdf
Indian EMS Industry  The next Big Theme to bet on!.pdfIndian EMS Industry  The next Big Theme to bet on!.pdf
Indian EMS Industry The next Big Theme to bet on!.pdf
 
Learn2Invest Session 9-Edge Framework.pdf
Learn2Invest Session 9-Edge Framework.pdfLearn2Invest Session 9-Edge Framework.pdf
Learn2Invest Session 9-Edge Framework.pdf
 
Learn2Invest Session 7-Financial Statements.pdf
Learn2Invest Session 7-Financial Statements.pdfLearn2Invest Session 7-Financial Statements.pdf
Learn2Invest Session 7-Financial Statements.pdf
 
Multibagger Studies (1).pdf
Multibagger Studies (1).pdfMultibagger Studies (1).pdf
Multibagger Studies (1).pdf
 
Learn2Invest Session 5-Average Market Capitalisation of Listed Companies duri...
Learn2Invest Session 5-Average Market Capitalisation of Listed Companies duri...Learn2Invest Session 5-Average Market Capitalisation of Listed Companies duri...
Learn2Invest Session 5-Average Market Capitalisation of Listed Companies duri...
 
Learn2Invest Session 4-Taxation.pdf
Learn2Invest Session 4-Taxation.pdfLearn2Invest Session 4-Taxation.pdf
Learn2Invest Session 4-Taxation.pdf
 
Learn2Invest Session 5-Decoding Stock Market.pdf
Learn2Invest Session 5-Decoding Stock Market.pdfLearn2Invest Session 5-Decoding Stock Market.pdf
Learn2Invest Session 5-Decoding Stock Market.pdf
 
Learn2Invest-2-Inflation.pdf
Learn2Invest-2-Inflation.pdfLearn2Invest-2-Inflation.pdf
Learn2Invest-2-Inflation.pdf
 
Learn2Invest-1-Importance.pdf
Learn2Invest-1-Importance.pdfLearn2Invest-1-Importance.pdf
Learn2Invest-1-Importance.pdf
 
Learn2Invest Session 6-Investor Type.pdf
Learn2Invest Session 6-Investor Type.pdfLearn2Invest Session 6-Investor Type.pdf
Learn2Invest Session 6-Investor Type.pdf
 
Copper Presentation (1).pdf
Copper Presentation (1).pdfCopper Presentation (1).pdf
Copper Presentation (1).pdf
 
Zinc Presentation.pdf
Zinc Presentation.pdfZinc Presentation.pdf
Zinc Presentation.pdf
 
Nickel Presentation.pdf
Nickel Presentation.pdfNickel Presentation.pdf
Nickel Presentation.pdf
 
Lead Presentation.pdf
Lead Presentation.pdfLead Presentation.pdf
Lead Presentation.pdf
 
Aluminium Presentation.pdf
Aluminium Presentation.pdfAluminium Presentation.pdf
Aluminium Presentation.pdf
 
Crude Oil Presentation.pdf
Crude Oil Presentation.pdfCrude Oil Presentation.pdf
Crude Oil Presentation.pdf
 
Silver Presentation (1).pdf
Silver Presentation (1).pdfSilver Presentation (1).pdf
Silver Presentation (1).pdf
 
Tie kanpur Som Mittal Oct8,2014
Tie kanpur Som Mittal Oct8,2014Tie kanpur Som Mittal Oct8,2014
Tie kanpur Som Mittal Oct8,2014
 

Recently uploaded

Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfJos Voskuil
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Pereraictsugar
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxMarkAnthonyAurellano
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckHajeJanKamps
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaoncallgirls2057
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyotictsugar
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
India Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportIndia Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportMintel Group
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Timedelhimodelshub1
 
Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Riya Pathan
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menzaictsugar
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?Olivia Kresic
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMintel Group
 
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… AbridgedLean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… AbridgedKaiNexus
 
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...lizamodels9
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 

Recently uploaded (20)

Digital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdfDigital Transformation in the PLM domain - distrib.pdf
Digital Transformation in the PLM domain - distrib.pdf
 
Kenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith PereraKenya Coconut Production Presentation by Dr. Lalith Perera
Kenya Coconut Production Presentation by Dr. Lalith Perera
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptxContemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
Contemporary Economic Issues Facing the Filipino Entrepreneur (1).pptx
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
 
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City GurgaonCall Us 📲8800102216📞 Call Girls In DLF City Gurgaon
Call Us 📲8800102216📞 Call Girls In DLF City Gurgaon
 
Investment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy CheruiyotInvestment in The Coconut Industry by Nancy Cheruiyot
Investment in The Coconut Industry by Nancy Cheruiyot
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
India Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample ReportIndia Consumer 2024 Redacted Sample Report
India Consumer 2024 Redacted Sample Report
 
Corporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information TechnologyCorporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information Technology
 
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Old Faridabad ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
Call Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any TimeCall Girls Miyapur 7001305949 all area service COD available Any Time
Call Girls Miyapur 7001305949 all area service COD available Any Time
 
Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737Independent Call Girls Andheri Nightlaila 9967584737
Independent Call Girls Andheri Nightlaila 9967584737
 
Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)
 
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu MenzaYouth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
Youth Involvement in an Innovative Coconut Value Chain by Mwalimu Menza
 
MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?MAHA Global and IPR: Do Actions Speak Louder Than Words?
MAHA Global and IPR: Do Actions Speak Louder Than Words?
 
Market Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 EditionMarket Sizes Sample Report - 2024 Edition
Market Sizes Sample Report - 2024 Edition
 
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… AbridgedLean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
 
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
Call Girls In Radisson Blu Hotel New Delhi Paschim Vihar ❤️8860477959 Escorts...
 
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 

25 lessons jack_welch_ten_minicourse

  • 1. Ten3 Business e-Coach – the world’s leading source of inspiration, innovation, and unlimited growth! 25 Lessons from Jack Welch Creating the world’s most competitive enterprise Lessons from the legendary former CEO of GE, whose management innovations have made him the most influential CEO of his era © 2007 Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com 25 LESSONS FROM JACK WELCH
  • 2. 25 Lessons from Jack Welch Creating the world’s most competitive enterprise Clickable titles Contents  GE Success Story: Flash Points  25 Lessons from Jack Welch I. Lead More, Manage Less II. Build a Winning Organization III. Harness Your People for Competitive Advantage IV. Build a Market-Leading Company  GE Leadership Assessment Survey Slide + Executive Summary To see Slides with Executive Summaries, © Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com view or print slides as Note Pages
  • 3. Creating the World’s Most Competitive Enterprise Success Lessons from Jack Welch, Former CEO of GE Story Welch’s Seven-Point US$500 billion Program for Management by Leadership GE Market Capitalization 1. Develop a vision for the business 2. Change the culture to achieve the vision US$13 billion 3. Flatten the organization 4. Eliminate bureaucracy 1981 2000 5. Empower individuals 6. Raise quality and Jack Welch Jack Welch efficiency appointed steps down 7. Eliminate boundaries as CEO of GE as CEO of GE More information at 1000ventures.com: “Jack Welch – a Corporate Change Leader”
  • 4. Jack Welch – Corporate Change Leader Welch’s Trademark Messages  Business is simple.  Don't make business overly complicated.  Face reality, then act decisively.  Don't be afraid of change.  Change before you have to.  Fight bureaucracy.  Use the brains of your workers.  Discover who has the best ideas, and put those ideas into practice. 1000ventures.com
  • 5. Leading Organizational Transformation Lessons from Jack Welch Leading Change through the GE's Organization  Redesigning the role of the leader in the new economy: creating followers through communicating a vision, and establishing open, caring relations with every employee  Creating an open, collaborative workplace where everyone's opinion is welcome Welch’s prescription  Empowering senior executives to run far- for winning in business flung businesses in entrepreneurial fashion 1. Speed  Liberating the workforce; making 2. Simplicity everybody a participant through improving vertical communication and 3. Self-confidence employee empowerment More information at 1000ventures.com: “Jack Welch – Corporate Change Leader”
  • 6. Leadership Development A Strategic Duty of All Senior Leaders at GE Four Essential Tasks GE Leadership Assessment 1. Recognize the importance of Survey (LES): Characteristics leadership to your business success 1. Vision 2. Have in place a specific process 2. Customer / Quality Focus for developing leadership talent 3. Integrity 3. Define leadership attributes behaviorally, for the benefit of 4. Accountability / Commitment future leaders 5. Communication / Influence 4. Use the leadership 6. Shared Ownership competencies stipulated in the Leadership Effectiveness 7. Team Builder / Empowerment Survey (LES) to integrate a number of management 8. Knowledge / Expertise / Intellect practices with the purpose of 9. Initiative / Speed building quality of leadership. 10. Global Mind-set More information at 1000ventures.com: “GE’s Leadership Assessment Survey (LES)”
  • 7. Shared Corporate Values GE Values Guide GE Leaders... Always with Unyielding Integrity:  Have a Passion for Excellence and Hate Bureaucracy  Are Open to Ideas from Anywhere... and Committed to Work-Out  Live Quality... and Drive Cost and Speed for Competitive Advantage  Have the Self-Confidence to Involve Everyone and Behave in a Boundaryless Fashion  Create a Clear, Simple, Reality-Based Vision... and Communicate It to All Constituencies  Have Enormous Energy and the Ability to Energize Others  Stretch... Set Aggressive Goals... Reward Progress... Yet Understand Accountability and Commitment  See Change as Opportunity... Not Threat  Have Global Brains... and Build Diverse and Global Teams More information at 1000ventures.com: “Shared Values”
  • 8. Lessons from Jack Welch The 4 E’s of Leadership Energy Energize They have tremendous They energize teams, and personal energy don't intimidate them Execution Edge They are action-oriented, and They have a competitive edge are focused on getting results and a will to win More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 9. GE Growth Strategies “Shun the incremental and go for the leap“ – Jack Welch Going for the leap • Radical innovation • Diversification • Venture investing • Acquisitions Shining the incremental • Lean organization • GE Work-Out • Quality Management: Six Sigma More information at 1000ventures.com: “Sustainable Growth Strategies”
  • 10. Strategy Formulation GE Multifactor Business Portfolio Matrix “Companies win when their managers make a clear and meaningful distinction between top- and bottom-performing businesses and people, when they cultivate the strong and cull the weak.” – Jack Welch Selective Invest / Invest / HIGH Investment Grow Grow Business Position Harvest / Selective Invest / MEDIUM Divest Investment Grow Harvest / Harvest / Selective LOW Investment Divest Divest LOW MEDIUM HIGH Source: GE & McKinsey & Co. Industry Attractiveness 1000ventures.com
  • 11. Quality Management: Six Sigma Impact of Six Sigma Implementation at GE "We want to change the competitive landscape by being not just better than our competitors, but by taking quality to a whole new level.” – Jack Welch Results achieved over the first two years (1996-1998) 17% 13% 14% 11% Revenue Profits Earning per Operating increased increased share increased margins increased More information at 1000ventures.com: “Six Sigma”
  • 12. Six Sigma Implementation at GE Making the Six Sigma Process Work Four MAIC Steps Five Corporate Measures 1. Measure 1. Customer Satisfaction 2. Cost of Poor Quality 2. Analyze 3. Supplier Quality 3. Improve 4. Internal Performance 4. Control 5. Design for Manufacturability Everyday Six Sigma  Plant managers can use Six Sigma to reduce waste, improve product consistency, solve equipment problems or create capacity.  Human resources managers can use it to reduce the cycle time for hiring employees.  Regional sales managers can use it to improve forecast reliability, pricing strategies or pricing variation. More information at 1000ventures.com: “Six Sigma”
  • 13. GE Work-Out Creating the Spirit of a Start-Up Firm in a Large Enterprise With Work-Out as part of its DNA, GE has become one of the most innovative, profitable, and admired companies on earth. At GE, Work-Out "Town Meetings" gave the corporation access to an unlimited resource of imagination and energy of its talented employees. Key Benefits of the Work-Out Work-Out’s Four Major Goals  Reduces bureaucracy 1. Build trust  Empowers people 2. Empower employees  Continuously reinvents ever- 3. Eliminate unnecessary work more-effective ways of doing business 4. Create a new paradigm 1000ventures.com
  • 14. GE Work-Out Seven Steps to Implement Work-Out 1. Chose the issues to be discussed. 2. Select the appropriate cross-functional team to tackle the problem. 3. Chose a "champion" who will see any Work-Out recommendation through to implementation. 4. Let the team meet for three days, drawing up recommendations to improve your company's processes. 5. Meet with managers, who make decisions on the spot about each recommendation. 6. Hold more meetings as required to pursue the implementation of the recommendations. 7. Keep the process going, with these and other issues and recommendations. 1000ventures.com
  • 15. Corporate Investing in External Ventures GE Equity No of Ventures Invested Nature of Venture 600 Investments (2002) 15% 300 Strategic Value Investments 0 Investments in Areas Unrelated 1995 2000 2005 to GE 85%  Established in 1995, General Electric (GE) Equity, a business unit within GE Capital, invests around $1.5 billion annually in external ventures  GE Equity invests an average of $3 million to $5 million in each of companies, and it gets somewhere between 5 and 11% of each venture  85% of investment are strategic value investments that help GE businesses grow and are done jointly with one of them More information at 1000ventures.com: “Corporate Venture Investing”
  • 16. Corporate Venture Investing: GE Equity Success Factors Qualities of Top Managers Critical to Success Highly Disciplined Business Management System (BMS)  they are visionary leaders aiming at building a world-  rigorous examination class, global, private equity procedure organization  systematic investment  each of them is a approach based on decision remarkable hybrid of and probability theories corporate executive and  the most onerous due- venture capitalist diligence checklist in the  they practice and lead a world of corporate venture highly disciplined approach investing to project selection and  portfolio management system portfolio management More information at 1000ventures.com: “Corporate Venture Investing”
  • 17. 25 Lessons from Jack Welch Creating the world’s most competitive enterprise Clickable titles  GE Success Story: Flash Points  25 Lessons from Jack Welch I. Lead More, Manage Less II. Build a Winning Organization III. Harness Your People for Competitive Advantage IV. Build a Market-Leading Company  GE Leadership Assessment Survey Slide + Executive Summary To see Slides with Executive Summaries, © 2007 Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com view or print slides as Note Pages
  • 18. Management by Leadership 25 Lessons from Jack Welch LEAD MORE, MANAGE LESS 1. Lead 6. Energize others 2. Manage less 7. Face reality 3. Articulate your vision 8. See change as an opportunity 4. Simplify 9. Get good ideas from everywhere 5. Get less formal 10. Follow up BUILD A WINNING ORGANIZATION HARNESS YOUR PEOPLE 11. Get rid of bureaucracy 16. Involve everyone 12. Eliminate boundaries 17. Make everybody a team player 13. Put values first 18. Stretch 14. Cultivate leaders 19. Instill confidence 15. Create learning culture 20. Make business fun BUILD THE MARKET-LEADING COMPANY 21. Be number 1 or number 2 24. Live speed 22. Live quality 25. Behave like a small company 23. Constantly focus on innovation More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 19. 25 Lessons from Jack Welch Creating the world’s most competitive enterprise Clickable titles  GE Success Story: Flash Points  25 Lessons from Jack Welch I. Lead More, Manage Less II. Build a Winning Organization III. Harness Your People for Competitive Advantage IV. Build a Market-Leading Company  GE Leadership Assessment Survey Slide + Executive Summary To see Slides with Executive Summaries, © 2007 Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com view or print slides as Note Pages
  • 20. Lead More, Manage Less: Lesson 1 Lead Managers muddle – leaders inspire. "What we are looking for are leaders at every level who can energize, excite and inspire rather than enervate, depress, and control."  Create a vision and then ignite your organization to make this vision a reality  Focus on strategic issues  Don't micromanage  Involve everyone and welcome great ideas from everywhere  Lead by example Lesson1: LEAD More information at 1000ventures.com: “Effective Leadership”
  • 21. Lead More, Manage Less: Lesson 2 Manage Less "We are constantly amazed by how much people will do when they are not told what to do by management." In the new knowledge-driven economy, people should make their own decision. Managing less is managing better. Close supervision, control and bureaucracy kill the competitive spirit of the company. "Weak managers are the killers of business; they are the job killers. You can't manage self-confidence into people."  Don't get bogged down in overmanaging  Don't hold information close to your chest  Inspire, empower, and get out of the way More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 22. Lead More, Manage Less: Lesson 3 Articulate Your Vision "Leaders inspire people with clear visions of how things can be done better." The best leaders do not provide a step-by-step instruction manual for workers. The best leaders are those who come up with new idea, and articulate a vision that inspires others to act.  Create and project a clear vision  Articulate a few clear stretch goals for your company  Make sure you have the very best people to carry your vision out. More information at 1000ventures.com: “Vision, Mission, Goals”
  • 23. Lead More, Manage Less: Lesson 4 Simplify Keeping things simple is one of the keys to business. Have the courage to be simple. Simplicity is practically an art form, with many definitions. "Simple messages travel faster, simpler designs reach the market faster and the elimination of clutter allows faster decision making."  Don't make business harder than it is  Think simply to create a clear vision  Make your messages simple  Build self-confidence  Simplify your workplace and communications  Make meeting simpler More information at 1000ventures.com: “The Power of Simplicity”
  • 24. Lead More, Manage Less: Lesson 5 Get Less Formal "You must realize now how important it is to maintain the kind of corporate informality that encourages a training class to comfortably challenge the boss's pet ideas."  Take the "Boss Element" our of your company  Keep formality and rigidity out of the office  Hold more informal meetings  Find simple ways to loosen things up  Brainstorm with bosses and colleagues frequently  Organize a once-in-a-while informal get together More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 25. Lead More, Manage Less: Lesson 6 Energize Others Genuine leadership comes from the quality of your vision and your ability to spark others to extraordinary performance. Getting employees excited about their work is the key to being a great business leader. "We now know where productivity - real and limitless productivity - comes from. It comes from challenged, empowered, excited, rewarded teams of people."  Live action all day  Allow employees more freedom  Give employees more responsibility  Never lead by intimidation  Let people know how their efforts are helping your organization  Send handwritten thank-you notes More information at 1000ventures.com: “Energizing Employees”
  • 26. Lead More, Manage Less: Lesson 7 Face Reality Face reality, then act decisively. Most mistakes that leaders make arise from not being willing to face reality and then acting on it. Facing reality often means saying and doing things that are not popular, but only by coming to grips with reality would things get better.  Accept the truth  Own up the reality, don't bury your head in the sand  See things as they are, not as you wish them to be  Look at things with a fresh eye every day  Look at your situation as an outsider  Play scenarios More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 27. Lead More, Manage Less: Lesson 8 See Change As an Opportunity Change is a big part of the reality in business. "Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while... Keeping an eye out for change is both exhilarating and fun."  It's nonsense to fear change  Adapt your management style  Spark other to deal with change  Deal with change in a proactive manner  Defy tradition  Think short-term and long-term change  Reinvent your business constantly More information at 1000ventures.com: “Change Management”
  • 28. Lead More, Manage Less: Lesson 9 Get Good Ideas From Everywhere New ideas are the lifeblood of business. "The operative assumption today is that someone, somewhere, has a better idea; and the operative compulsion is to find out who has that better idea, learn it, and put it into action - fast."  Ideas can be from any source  Cross-pollinate  Develop a pervasive and insatiable thirst for good ideas  Study competitors  Plagiarize – it's legitimate More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 29. Lead More, Manage Less: Lesson 10 Follow Up Follow up on everything. Follow-up is one key measure of success for a business. Your follow-up business strategy will pave the way for your success.  Demonstrate relentless consistency in everything  When you call a meeting, see if its goals are achieved  Harp on a few key themes and repeat them over and over  Expand your communication to reach a critical mass  Be consistent – consistently! More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 30. 25 Lessons from Jack Welch Creating the world’s most competitive enterprise Clickable titles  GE Success Story: Flash Points  25 Lessons from Jack Welch I. Lead More, Manage Less II. Build a Winning Organization III. Harness Your People for Competitive Advantage IV. Build a Market-Leading Company  GE Leadership Assessment Survey Slide + Executive Summary To see Slides with Executive Summaries, © 2007 Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com view or print slides as Note Pages
  • 31. Build a Winning Organization: Lesson 11 Get Rid Of Bureaucracy The way to harness the power of your people is "to turn them loose, and get the management layers off their backs, the bureaucratic shackles off their feet and the functional barriers out of their way."  Bureaucracy is the enemy. It fears change, is terrified by speed and hates simplicity  Drop unnecessary work  Delayer, create a flat responsive organization  Cross-pollinate to make faster and better decisions  Encourage employees to identify problems and come up with solutions  Make your workplace more informal More information at 1000ventures.com: “Get Rid of the Bureaucracy”
  • 32. Build a Winning Organization: Lesson 12 Eliminate Boundaries In order to make sure that people are free to reach for the impossible, you must remove anything that gets in their way. "Boundarylessness" describes an open organization free of bureaucracy and anything else that prevents the free flow of ideas, people, decisions, etc. Informality, fun and speed are the qualities found in a boundaryless organization.  Eliminate boundaries between management layers  Eliminate boundaries between people  Seek out ideas from everyone  Harness the power of diversity  Never stop eliminating boundaries More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 33. Build a Winning Organization: Lesson 13 Put Values First Play up the "soft stuff" – the company's values and culture. Don't focus too much on the numbers. "Numbers aren't the vision; numbers are the products." Focus more on the softer values of building a team, sharing ideas, exciting others.  Don't focus too much on numbers  Let values rule  Live values  Emphasize your company's values and culture  Part your company with those who don't live the values of your company Lesson 13: PUT VALUES FIRST More information at 1000ventures.com: “Shared Values”
  • 34. Build a Winning Organization: Lesson 14 Cultivate Leaders Building a leader pipeline is essential to the health of your company and it therefore is a strategic duty of the senior leader. Cultivate leaders who have the four E's of leadership: Energy, Energize, Edge, and Execution; leader who share values of your company and deliver on commitments.  Build self-confidence  Look for team players  Look for coaches  Help them build their cross-functional expertise  Measure performance of the leader pipeline More information at 1000ventures.com: “Managerial Leadership”
  • 35. Build a Winning Organization: Lesson 15 Create a Learning Culture Turn your company into a learning organization to spark free flow of communication and exchange of ideas. "The desire, and the ability, of an organization to continuously learn from any source, anywhere – and to rapidly convert this learning into action – is its ultimate competitive advantage."  Don't think that you or your company have all the answers  Make intellect rule  Make learning a top priority  Create an operating system that drives knowledge and learning throughout the company  Make important information easily available to everybody  Create a culture where ideas are translated into action and results More information at 1000ventures.com: “Learning Organization”
  • 36. 25 Lessons from Jack Welch Creating the world’s most competitive enterprise Clickable titles  GE Success Story: Flash Points  25 Lessons from Jack Welch I. Lead More, Manage Less II. Build a Winning Organization III. Harness Your People for Competitive Advantage IV. Build a Market-Leading Company  GE Leadership Assessment Survey Slide + Executive Summary To see Slides with Executive Summaries, © Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com view or print slides as Note Pages
  • 37. Harness Your People for Competitive Advantage: Lesson 16 Involve Everyone Business is all about capturing intellect from every person. The way to engender enthusiasm it to allow employees far more freedom and far more responsibility.  Start with yourself  Encourage people to take initiative  Establish a meritocracy in your company  Use the brains of every worker  Create an atmosphere where workers feel free to speak out More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 38. Harness Your People for Competitive Advantage: Lesson 17 Make Everybody a Team Player Every leader has both a task to complete and a team to lead. Leaders must not only produce their personal best. The leader must work as the team member who gets the top results from the whole team. Managers should learn to become team players. Middle managers have to be team members and coaches. Take steps against those managers who wouldn't learn to become team players.  Set up a shared and worthwhile goal  Behave positively  Help junior executives become future great leaders  Build diverse cross-functional teams  Facilitate cross-pollination of ideas  Part your company with those who won't play as part of a team More information at 1000ventures.com: “Team Building and Teamwork”
  • 39. Harness Your People for Competitive Advantage: Lesson 18 Stretch!!! Stretch is a goal or challenge that is significantly beyond the organization's current performance level. Stretch targets energize. "We have found that by reaching for what appears to be the impossible, we often actually do the impossible; and even when we don't quite make it, we inevitably wind up doing much better than we would have done."  Stretch your business strategy  Stretch yourself  Ask managers and employees to reach for their dreams  Reward business leaders even for falling short of a stretched goal  Don't abuse stretch – make sure that you do the right stuff  Keep stretching Lesson 18: STRETCH!!! More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 40. Harness Your People for Competitive Advantage: Lesson 19 Instill Confidence Create a truly confident workforce. Confidence is a vital ingredient of any learning organization. The prescription for winning is speed, simplicity, and self-confidence. Self-confident people are open to good ideas regardless of their source and are willing to share them. "Just as surely as speed flows from simplicity, simplicity is grounded in self-confidence."  Encourage employees to look well ahead  Turn people loose  Simplify the workplace  Provide training and coaching  Let people know that you value their ideas  Give people independence and resources  Encourage people to take big swings More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 41. Harness Your People for Competitive Advantage: Lesson 20 Make Business Fun Fun must be a big element in your business strategy. No one should have a job they don't enjoy. If you don't wake up energized and excited about tackling a new set of challenges, then you might be in the wrong job.  Never allow your company to take itself too seriously  Take swings, have fun  Find job that challenges you  Remove anything that makes people less excited about going to work  Celebrate success More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 42. 25 Lessons from Jack Welch Creating the world’s most competitive enterprise Clickable titles  GE Success Story: Flash Points  25 Lessons from Jack Welch I. Lead More, Manage Less II. Build a Winning Organization III. Harness Your People for Competitive Advantage IV. Build a Market-Leading Company  GE Leadership Assessment Survey Slide + Executive Summary To see Slides with Executive Summaries, © 2007 Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com view or print slides as Note Pages
  • 43. Build a Market-Leading Company: Lesson 21 Be Number 1 or Number 2 "When you're number four or five in a market, when number one sneezes, you get pneumonia. When you're number one, you control your destiny. The number fours keep merging; they have difficult times. That's not the same if you're number four, and that's your only businesses. Then you have to find strategic ways to get stronger. But GE had a lot of number ones."  Evolve a game plan, a business strategy "number one, number two“  Send shivers throughout your organization  Exact the highest standards and make sure that everyone in your company meets those standards  Look for the quantum leap  Get rid of fat More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 44. Build a Market-Leading Company: Lesson 22 Live Quality "We want to change the competitive landscape by being not just better than our competitors, but by taking quality to a whole new level. We want to make our quality so special, so valuable to our customers, so important to their success that our products become the only real value choice."  Take great pride in your work  Make quality your way of life  Quality is your job  Make quality the job of every employee  Seek out quality training  Involve customers  Exchange best practices More information at 1000ventures.com: “Quality Management”
  • 45. Build a Market-Leading Company: Lesson 23 Constantly Focus On Innovation "You have just got to constantly focus on innovation. And more competitors. You've got to constantly produce more for less through intellectual capital. Shun the incremental, and look for the quantum leap." Now the fundamentals have got to be more education. More information knowledge, faster speeds, more technology across the board.  Invest in continuous education and training  Shun the incremental and go for the leap  Search for the best ideas  Practice systems thinking and holistic approaches  Invest in information technology and information management  Spend an hour per week learning what competitors are doing More information at 1000ventures.com: “Innovation”
  • 46. Build a Market-Leading Company: Lesson 24 Live Speed "If you're not fast you can't win... Speed is everything. It is the indispensable ingredient of competitiveness." Speed, simplicity and self-confidence are closely intertwined. By simplifying the organization and instilling confidence, you create the foundation for an organization that incorporates speed into the fabric of the company.  Cultivate the culture of speed  Eliminate layers  Remove all roadblocks  Don't "sit" on decisions  Create an open organization  Communicate faster  Make speed a habit  Pounce every day Lesson 24: LIVE SPEED More information at 1000ventures.com: “Fast Company”
  • 47. Build a Market-Leading Company: Lesson 25 Behave Like a Small Company Small companies have huge competitive advantages. They "are uncluttered, simple, informal. They thrive on passion and ridicule bureaucracy. Small companies grow on good ideas – regardless of their source. They need everyone, involve everyone, and reward or remove people based on their contribution to winning. Small companies dream big dreams and set the bar high – increments and fractions don't interest them."  Get lean  Get agile  Start thinking like a small company  Infuse a small company soul into your organization  Communicate like a small company  Stay close to your customers More information at 1000ventures.com: “25 Lessons from Jack Welch”
  • 48. 25 Lessons from Jack Welch Creating the world’s most competitive enterprise Clickable titles  GE Success Story: Flash Points  25 Lessons from Jack Welch I. Lead More, Manage Less II. Build a Winning Organization III. Harness Your People for Competitive Advantage IV. Build a Market-Leading Company  GE Leadership Assessment Survey Slide + Executive Summary To see Slides with Executive Summaries, © Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com view or print slides as Note Pages
  • 49. GE Leadership Assessment Survey Уроки лидеров 10 Characteristics and 40 Performance Criteria Characteristic Performance Criteria Ranking Scale: Significant Development Needed 1 2 3 4 5 Outstanding Strength 1  Has developed and communicated a clear, simple, customer-focused Vision / direction for the organization. Vision  Forward-thinking, stretches horizons, challenges imaginations.  Inspires and energizes others to commit to Vision. Captures minds. Leads by example.  As appropriate, updates Vision to reflect constant and accelerating change impacting the business. 2  Listens to customer and assigns the highest priority to customer satisfaction, including internal customers. Customer /  Inspires and demonstrates a passion for excellence in every aspect of Quality Focus work.  Strives to fulfill commitment to Quality in total product / service offering.  Lives Customer Service and creates service mind-set throughout organization. GE Leadership Assessment Survey: Criteria 1 to 10 cecsi.ru
  • 50. GE Leadership Assessment Survey Уроки лидеров 10 Characteristics and 40 Performance Criteria 3  Maintains unequivocal commitment to honesty / truth in every facet of behavior. Integrity  Follows through on commitments; assumes responsibility for own mistakes.  Practices absolute conformance with company policies embodying GEI&PS commitment to ethical conduct.  Actions and behaviors are consistent with words. Absolutely trusted by others. 4  Sets and meets aggressive commitments to achieve business objectives. Accountability /  Demonstrates courage / self-confidence to stand up for the Commitment beliefs, ideas, co-workers.  Fair and compassionate yet willing to make difficult decisions.  Demonstrates uncompromising responsibility for preventing harm to the environment cecsi.ru
  • 51. GE Leadership Assessment Survey Уроки лидеров 10 Characteristics and 40 Performance Criteria 5  Communicates in open, candid, clear, complete, and consistent manner – invites response / dissent. Communication /  Listens effectively and probes for new ideas. Influence  Uses facts and rational arguments to influence and persuade.  Breaks down barriers and develops influential relationships across teams, functions, and layers. 6  Self-confidence to share information across traditional boundaries and be open to new ideas. Shared Ownership /  Encourages / promotes shared ownership for Team Vision Boundaryless and goals.  Trusts others; encourages risk taking and boundaryless behavior.  Champions Work-Out as a vehicle for everyone to be heard. Open to ideas from anywhere. cecsi.ru
  • 52. GE Leadership Assessment Survey Уроки лидеров 10 Characteristics and 40 Performance Criteria 7  Selects talented people; provides coaching and feedback to develop team members to fullest potential. Team Builder /  Delegates whole task; empowers team to maximize Empowerment effectiveness. Is personally a Team Player.  Recognizes and rewards achievement. Creates positive / enjoyable work environment.  Fully utilizes diversity of team members (cultural, race, gender) to achieve business success. 8  Possesses and readily shares functional / technical knowledge and expertise. Constant interest in learning. Knowledge /  Demonstrates broad business knowledge / perspective with Expertise / Intellect cross-functional / multicultural awareness.  Makes good decisions with limited data. Applies intellect to the fullest.  Quickly sorts relevant from irrelevant information, grasp essentials of complex issues and initiates action. cecsi.ru
  • 53. GE Leadership Assessment Survey Уроки лидеров 10 Characteristics and 40 Performance Criteria 9  Creates real and positive change. Sees change as an Opportunity. Initiative /  Anticipates problems and initiates new and better ways of Speed doing things.  Hates / avoids / eliminates "bureaucracy" and strives for brevity, simplicity, clarity.  Understands and uses speed as a competitive advantage. 10  Demonstrates global awareness / sensitivity and is comfortable building diverse / global teams. Global Mind-set  Values and promotes full utilization of global and work force diversity.  Considers the global consequences of every decision. Proactively seeks global knowledge.  Treats everyone with dignity, trust, and respect. cecsi.ru
  • 54. 25 Lessons from Jack Welch Creating the world’s most competitive enterprise  GE Success Story: Flash Points  25 Lessons from Jack Welch I. Lead More, Manage Less II. Build a Winning Organization III. Harness Your People for Competitive Advantage IV. Build a Market-Leading Company  GE Leadership Assessment Survey THANK YOU! To view / print slides with Executive Summaries, Helpful Links to Ten3 Business e-Coach at www.1000ventures.com view / print the file as Note Pages • 25 Lessons from Jack Welch © Vadim Kotelnikov • How To Make Effective Presentations Inventor & Founder Ten3 Business e-Coach – Innovation Unlimited! Ten3 Services www.1000ventures.com • Ten3 e-Coaching Products The Single-user License is below this slide. View the slide as Note Pages. • Ten3 Training