1. TITLE LAYOUT
Subtitle
Manager of the
Century
Submitted by-
Group 7
Gaurav Nayak 17030
Ipsita Choudhury 17041
Abhinav Pratihar 17245
Ipsita Basfore- 17040
Garu Sharma- 17217
Aakash Molerakhi- 17123
2. “A decade from now, I would like General
Electric to be perceived as a unique, high-spirited,
entrepreneurial enterprise . . . the most profitable,
highly diversified company on earth, with world
quality leadership in every one of its product
lines”
3. About the great man…
Born: 1935, Massachusetts, USA
Graduated from: University of Illinois at Urbana-
Champaign (Masters and PhD in Chemical
Engineering)
Joined GE in 1960 as junior chemical engineer
Became CEO of GE in 1981 up to 2001
Currently Executive Chairman, The Jack Welch
Management Institute
4. Reg Jones
(1973-1980)Challenges ahead for new CEO…
Economy in recession
Highest Unemployment
High interest rates
But he challenged to be
Better than the Best
5. Strategies adopted by him…
Welch set the standard for each business to become the #1 or #2 competitor in its
industry… Perform or Perish
#1 & #2 concept was changed to Three Circle Concept where business was
categorized as Core, High Technology and Services
Spin-Off: More than 200 businesses worth around $11 bn were sold and 370
acquisitions happened investing $21 bn
Strategic Planning Real time Planning which includes five pages
strategy play book
Current market
dynamics
Competitors
recent activities
GE’s response
Competitive
Threat
GE’s planned
response
6. Reduced number of hierarchical levels from nine to four, Welch ensured that all
business reported directly to him.
Drastic Restructuring lead to following:
Number of Employees decreased
Revenue increased
Operating profit increased
And Welch was given a nickname called “Neutron Jack”
Continued…
“Management is all about managing in the short term, while developing the plans for the long term”
7. Work-Out: Welch wanted that everyone should have honest interaction throughout the
company. Everyone should be engaged and have should have voice and come up with a
proposal. Result: Productivity increases
Best Practices: Compared the best practices and tools with other big companies and
found out where they were lacking and where to focus
Globalizing the Business: Result: Global revenue increased 3 times
Developing Leaders: Welch wanted to develop all its employees. He believed good
people are GE’s assets and company’s resource. Introduced 360 degree feedback
process
“If you don't have a competitive advantage, don't compete”
8. Boundaryless Behaviour: Removing barriers among engineering, manufacturing,
marketing, sales and customer service, no distinction between foreign and domestic
operations
Stretch: Motivation IMPOSSIBLE IS NOTHING
Six Sigma: Welch’s commitment to quality lead to adoption of six sigma in 1990’s.
Company invested heavily on employees
“Giving people self-confidence is by far the most important thing that I can do. Because then they will act”
9. Welch’s Leadership Trait…
Vision: Build a market-leading company
Lead more, manage less
Motivating employees
Constantly identifying other leaders at GE
Aggressive leadership
Communication
Charismatic
Stayed visible at GE
Succession Planning
“I've learned that mistakes can often be as good a teacher as success”
10. Contingency Theory…
Contingency theory state that the effectiveness of leadership depends upon the situation
“Effective leadership” depends not only on the style of leading but on the control over a
situation
Transformational Leadership…
Style of leadership where leader works with subordinates to identify needed change,
creating a vision to guide the change through inspirational motivation
Employee
Engagement
+ Leadership =
Business Results
“The biggest cowards are managers who don't let people know where they stand”
11.
12. 35
33
19
8
5
1
Above all Leadership is all about…
Vision Energizing People Communication Charishma Competence
Source:: Ten3 global internet poll
