Career Biography of Jack Welch

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Career Biography of Jack Welch

Management guru Jack Welch, former CEO of General Electric, has been instrumental in forming today’s top business management leaders by imparting effective knowledge in leadership management; he is widely credited with transforming GE into a multibillion-dollar conglomerate.

I. Jack Welch – Who is the man?

A. Biography –

1.Born in Salem, Massachusetts, in 1935.

a. Growing up – The family lived in one of the poorer neighborhoods of Salem, Massachusetts. Welch has said that his mother was the most important influence on him, cheering him on in sports and academics, and always encouraging him to strive for more

b. Schooling – Welch continued to pursue his education at the University of Illinois, with M.S. and PhD degrees in chemical engineering.

B. Moving up the Corporate latter in GE

II. Leadership Style of Jack Welch

A. Strategy – “Fix it, Sell it, or close it” Jack Welch fired more then 100,000 people (almost one in four). Neutron Jack devised the "vitality curve" where the bottom 10 per cent of employees were challenged to improve or leave.

B. Took General Electric from $13 billion in 1981 to more than $300 billion when he left in 2001. Ran GE like a corner shop – keeping an eye on profits, cash flow, and people

III. What is he doing now?

A. After his retirement in 2001 served as corporate consultant to a group of Fortune 500 companies, all in different industries

B. Wrote New York Times best seller “Straight from the Gut” published in Sept. 2001

Has a new book coming out in 2005 entitled “Winning” a how-to book with Suzy Wetlaufer, former Harvard Business Review editor and Welch's fiancée.

Management Guru Jack Welch - Inspirational Visionary

Jack Welch is one of America’s best known and most highly respected corporate CEO’s of all time. Vadim Kotelnikov’s website Leadership and New Management Secrets discusses how Jack Welch’s vision to restructure General Electric to a “unique learning culture and boundaryless [sic] organization” has help make GE one of the fastest capital growing companies. In the 1980's he was said to be “the biggest S.O.B.,” but today his management techniques are now credited with empowering the employee (“Jack Welch Gurus”). Management guru Jack Welch, former CEO of General Electric, has been instrumental ...

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..., “A How-To Book for the Can-Do Boss,” Business Week, June 2002, 13

Dess, Gregory G., et al. “The New Corporate Architecture.” vol. 9, The Academy of Management Executive, August 1995, 7

“Jack Welch The Gurus Boiled Down.” The Times (London, England), September 2004, 9

Kotelnikov, Vadim. Leadership and New Management Secrets. 2004b.

Ten3 Business e-coach. 24 November 2004.

Rather, Dan, “GE’s Jack Welch Under Fire,” CBS Evening News Transcript, 1998, 2

Rosenstein, Bruce “How GE Chief Welch Rallies GE’s Troops,” USA Today, September 1998,15b.

Tribune Business News. “In Boston, former GE chief Jack Welch works on new book with new wife.”

The Boston Globe Oct 3, 2004, pITEM04277007

http://proquest.umi.com/pqdweb?RQT=309&VInst=PROD&VName=PQD&VType=PQD&sid

=2&index=5&SrchMode=1&Fmt=3&did=000000706042601&clientId=12441

Welch, John, “John Welch, Jr.,” Narrative Biographies, American Decades, CD- Rom,

Gale Research, 1998, 302

Welch, Jack. Interview with Geoff Colvin. Maryland Public Television and Fortune Trademark of Time,

INC. Sept. 13, 2002. 24 Nov 2004. .

VBM, “Thought Leader: Jack Welch,” Value Based Management.Net 2004, Last update 21-11-04

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