By: Kennya Leal

1
Jack WelchGeneral Electric

• By Kennya Leal
• Chris Lage
• Richard Orsi
• Alexandra Pagliuca
• Dan Wales

2
"Neutron Jack"
3
Early Life

• Born in Peabody, Massachusetts.
• Father was a Maine Railroad Conductor.
• Mother was a Housewife.

4
Education

• Jack attended Salem High School.
• Graduated from UMASS Amherst in 1957 with a B.S.
  in Chemical Engineering.
• Graduated from the University of Illinois in 1960
  with a M.S. and Ph.D. also in Chemical
  Engineering.

5
Early Jobs

• Joined General Electric in 1960 as a Junior
  Engineer in Pittsfield, MA.
• Very disapointed with strict bureaucracy within
  General Electric, and planned to leave.
• Named Vice President of G.E. in 1972.
• Named Senior Vice President in 1977.
• Became Vice Chairman in 1979.
• Hit his peak as CEO in 1982. The youngest
  chairman and CEO in history of G.E.

6
Management Style
7
Looking up to Jack
8

• You Cant grow long term if you cant eat short
  term Jack Welch
• Made it to the top despite his working class
  background
• Set a new model for the corporation

9

• He increased the market value of GE from 12
  billion to 280 billion
• Has created more share holder value than anyone
  in history .
• Reshaped GE with more than 600 acquisitions and
  pushed to enter newly emerging markets.

10

• Fierce believer in the power of his people
• Created informality at a big company
• Manages GE like a small organization

11

• Hes able to get people to give more of
  themselves because of who he is. He lives the
  American dream. He wasnt born with a silver
  spoon in his mouth. He got himself out of the
  pile. He didnt just show up - Brian Nailor

12
Jack Welch Style Where does it come from?
13
Jack Welch No Nonsense Management

• Clearly Define the Goals
• Field Only the Best Team
• Eliminate Bureaucracy
• Develop People Reward Their Success
• Cut Losers
• Remain Agile
• Play to Win

14
Historical SignificanceTheories and
Concepts

• Elements of Management
• Jules Henri Fayol (1841-1925)
• William H. Newman (1909-2002)
• George R. Terry (1909-1979)
• Douglas McGregor (1906-1964)
• Peter F. Drucker (1909-2005)
• Organizational Structure
• Chester I. Barnard (1886-1961)
• Leadership and Motivation
• Abraham Maslow - Hierarchy of Needs
• David McClelland (1917-1998) Needs Theory
• Equity Theory
• James McGregor Burns (1918-) Transformational
  Leadership

15
Elements of Management

• Function of Management
• Plan
• Organize
• Command
• Coordinate
• Control
• Key Factors
• Management Skills can be Trained
• Eliminate Incompetent Employees
• Foster Unity, Energy, Initiative, Loyalty
• Theory Y
• Management by Objectives

16
Organizational Structure

• Chester I. Barnard (1886-1961)
• Define Organizational Purpose
• Communication
• Group Dynamics - Recruiting
• Informal Environment High Morale
• Recognition and Rewards
• Maintain Performance and Training

17
Leadership and MotivationalInfluences

• Leadership and Motivation
• Abraham Maslow - Hierarchy of Needs
• Esteem
• Self Actualization
• David McClelland (1917-1998) Needs Theory
• Power
• Affiliation
• Achievement
• Equity Theory
• James McGregor Burns (1918-) Transformational
  Leadership
• Change Leadership
• Employee Empowerment

18
Continuing to Leave FootprintsIn Business
Leadership
19
Jack is Business

• Jack Welch LLC.
• A partner for the private equity firm Clayton,
  Dubilies and Rice.
• Consultant for Interactive Corp
• Jack also contributes to a couple business
  television networks such as MSNC and CNBC.
• Jack and Suzy also have their own website that
  offers a variety of helpful resources related to
  business management.

20
Professor Jack Welch

• January 25th, 2006
• Sacred Heart University Business became the John
  F. Welch College of Business.
• September, 2006
• MIT Sloan School of Management.
• July, 2009
• Jack Welch Management Institute _at_ Chancellor
  University in Ohio.

21
Written by Jack Welch

• Winning was a book he co-wrote with his wife Suzy
  Welch
• Winning the answers confronting 74
• of the toughest questions in business today
• Jack, straight from the gut
• 1 National Best Seller List.
• The Welch Way a weekly news column
• co-written by Jack Suzy Welch.
• Published in approximately
• 45 various business magazines

22
(No Transcript)
23
The Living Business Legend
24
Summary

• Jack wants people to become the best leaders they
  can be.

25
WHAT LEADERS DO

• -Leaders relentlessly upgrade their team,
  using every encounter as an opportunity to
  evaluate, coach, and build self-confidence.
  -Leaders make sure people not only see the
  vision, they live and breathe it. -Leaders get
  into everyone's skin, exuding positive energy and
  optimism. -Leaders establish trust with candor,
  transparency, and credit. -Leaders have the
  courage to make unpopular decisions and gut
  calls. -Leaders probe and push with a curiosity
  that borders on skepticism, making sure their
  questions are answered with action. -Leaders
  inspire risk taking and learning by setting the
  example. -Leaders celebrate. - Adopted from
  "Winning" by Jack and Suzy Welch (HarperCollins)
• Thank You! Are there any questions or comments?

26
Resources

• "GE Past Leaders John F. Welch Jr., Biography."
  GE imagination at work. Web. 04 Oct. 2009.
  lthttp//www.ge.com/company/history/bios/john_welch
  .htmlgt.
• "Sitemap - Jack Welch Management Institute." Jack
  Welch Management Institute at Chancellor
  University. Web. 16 Sept. 2009.
  lthttp//www.jwmi.com/what_leaders_do.htmlgt.
• "The Welch Way - Jack Welch Biography." The Welch
  Way - The Official Website of Jack Welch and Suzy
  Welch. Web. 16 Sept. 2009. lthttp//www.welchway.co
  m/About-Us/Jack-Welch/Biography.aspxgt.
• Wren, Daniel A., and Arthur G. Bedeian. The
  Evolution of Management Thought. 6th ed. Hoboken,
  NJ John Wiley Sons, Inc., 2009. Print.
• Baldwin, Timothy T., William H. Bommer, and
  Robert S. Rubin. Developing Management Skills -
  What Great Managers Know and Do. New York
  McGraw-Hill Irwin, 2008. Print.
• Byrne, John A. "06/08/98 HOW JACK WELCH RUNS GE."
  BusinessWeek - Business News, Stock Market
  Financial Advice. Business Week Magazine, 8 June
  1998. Web. 16 Sept. 2009. lthttp//www.businessweek
  .com/_at__at_1w2fjIQAHbJcdAAA/1998/23/b3581001.htmgt.
• "Assessing Jack Welch." Wally Bock's Monday Memo
  Newsletter Author, Keynote Speaker. 10 Sept.
  2001. Web. 16 Sept. 2009. lthttp//www.mondaymemo.n
  et/010910feature.htmgt.
• "Jack Welch Management Evangelist." BusinessWeek
  - Business News, Stock Market Financial Advice.
  Web. 16 Sept. 2009. lthttp//www.businessweek.com/m
  agazine/content/04_43/b3905032_mz072.htmgt.

27
(No Transcript)