Jack welch and jeff immelt
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Jack Welch and Jeff Immelt both served as CEO of GE and demonstrated different leadership styles. Welch was task-oriented and autocratic, focusing on performance results. Immelt was more people-oriented and democratic, taking more risks to foster innovation. Both emphasized continuous learning and adapting to change, though Immelt placed more emphasis on environmental and social responsibilities where Welch focused more on production.
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Jack welch and jeff immelt
- 1. Jack Welch & Jeff R. Immelt LEADERSHIP STYLES
- 2. Jack Welch Leadership Style SHORT HISTORY
- 3. Jack Welch - Short History Born on 9th November, 1935 in Massachusetts, USA Working class family Graduated from University of Massachusetts in 1957, B.S. in Chemical Engineering M.S. and Ph.D. University of Illinois in1960
- 4. Jeff R. Immelt - Short History Born on 19th February 1956 in Cincinnati Ohio, USA Father managed the General Electric Aircraft Engines Division Graduated from Dartmouth College in 1978, B.S. in Mathematics M.B.A from Harvard in1982
- 5. Jack Welch - Jeff R. Immelt Career at GE Jack Welch Vice President of GE in 1972 Vice chairman in 1977 Chairman & CEO of GE in 1981 Joined G.E. in 1960 chemical Engineering, Retired in September 2001 Jeff. R. Immelt Joined GE Plastics , Sales & Marketing 1982 Vide President of GE Appliances consumer services, 1989 Vice President and general manager of GE Plastics Americas, 1993 Senior Vide President and chief Executive Officer of GE Medical Systems, 1996 GE president and chairman elect in 2000 CEO in 2001
- 6. Jack Welch - Leadership Style Task oriented Autocratic Personality Six traits of leadership, Jack has all Ambition and energy Desire to lead Honesty & Integrity Self confidence Intelligence
- 7. Jack Welch - Leadership Style Management Skills Simplicity, leaner organization Speed, act quick Best People, company values are important not just the numbers Ideas, employees have good ideas Candor is important, be honest to your employees
- 8. Jack Welch - Leadership Style Change before it is too late… An openness to change... Teach employees how important change is.. Accept change as leader Be ready to rewrite your agenda What changed in GE Be number ONE or number TWO else sold off or shutdown… Make each day fist day of your job Employees have good ideas too Cost-cutting, efficiency and deal-making skills are encouraged..
- 9. Jack Welch - Leadership Style Face Reality and act quickly on that reality Reorganize GE, GE should focus on the strongest business Acquire RCA, GE needed this acquisition to push high-tech growth Work-out program to address the need for employees voices in running the company Legendary 6-sigma program, GE’s quality program was not working
- 10. Jack Welch - Leadership Style Managing less is managing better The Welch paradox of management Aren’t managers supposed to manage Welch’s answer was Relax.. Stop bogging employees in to bureaucracy.. Let them perform.. Instill confidence Get out of the way Emphasize vision, not supervision Managing is allocating people and resources, give them what they need and get out of way
- 11. Jack Welch - Leadership Style Create Vision Manager lead with vision; Vision about how things can be done better They must persuade others through the force of vision. Set out only a few clear and general goals consistent with company values, create values consistent with vision.. “Prussian military strategist did not expect a plan of operation to survive beyond the first contact with the enemy. They set only the broadest of objectives and emphasized seizing unforeseen opportunities as they arose” Strategy did not written in to stone, instead would evolve over time.
- 12. Jack Welch - Leadership Style Always give employees more responsibility, they will make better decisions. Nurture employees who live up to company values even if they don’t make their numbers Eliminate employees who do not live the company values, even if their numbers are good
- 13. Jeff Immelt - Leadership Style People oriented Paternal like personality Democratic leadership Risk taking and innovative thinking Immelt’s keys to great leadership Personal responsibility, Leader can not accomplish everything by himself, team building and placing others first will bring success Leave a few things unsaid, Listen fellow GE employees to make better decisions Like People Try to understand and fair to employees. Encourage them to fulfill their personal goals.
- 14. Jeff Immelt - Leadership Style Immelt’s keys to great leadership Simplify constantly Understand Breadth, Depth and Context Every leader should clearly explain to three things the organization is working on. How your company fits in with the world and how you respond to it. Importance of alignment and time management At the end of every week, leaders should spend time around important things; set priorities, measure outcomes and reward them. Learn constantly and learn how to tech A primary role for a leader is to teach.
- 15. Jeff Immelt - Leadership Style Immelt’s keys to great leadership Stay true to your own style Leadership is about being self-aware. Use your own style to do things. Manage by setting boundaries with freedom in the middle Boundaries are commitment, passion, trust and teamwork. There is plenty of freedom across these four boundaries Stay disciplined and detailed Good leaders are never afraid to intervene personally on things that are important.
- 16. Leadership Style - Conclusion Both are great leaders with different leadership styles and strategies for the company Jack promoted internal communication, made it easy to communicate at every level Jeff focused on external communication, communicate with investor and third parties Jeff focus more on abstract aspects of the business rather than focus on performance and strictly quantifiable results like Jack. Jeff removed emphasis from the bottom line to get employees to take risks and develop more innovative ideas.
- 17. Leadership Style - Conclusion Jeff brought outsiders, he believes outsiders will bring new ideas, creative energy and perspective to company. Jack focused on production, Jeff shifted focus from production to marketing Jeff did GE more environmentally conscious and invested heavily on eco friendly products. Jeff noticed the opportunity in environmental products. But there are similarities also; Fix it, Sell it or close it Fire least effective %10 each year. Get winning ideas from other companies..