2. Overview
Early Life & Education
About GE (General Electric)
At GE
After GE
Conclusion
References
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3. Early Life & Education
Born on 19th November, 1935 in Massachusetts, United States
Born to a working class family
Graduated from University of Massachusetts in 1957 with a
B.S. in Chemical Engineering
Received M.S. and Ph.D at University of Illinois in the year 1960
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4. About GE (General Electric)
Founder - Thomas A. Edison
First Name – Edison Electric Light Company
Established in the year 1878
Renamed as General Electric in the Year 1902
Chairman & CEO – Jeffery R. Immelt
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5. Jack Welch @ GE
Joined GE in 1960 as a Chemical Engineer in
Plastics Division at a salary of $10,500 annually
In 1961, Welch planned to quit his job
Persuaded to remain at GE by Reuben Gutoff
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6. Jack Welch @ GE
Vice president of GE in 1972
Vice chairman in 1977
Chairman & CEO of GE in 1981
Welch is the 8th Chairman & CEO of GE
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7. Welch’s Management Style
Create a culture where Risk is rewarded.
Accountability and measurable goals are paramount.
If something or someone is not working out kill the project or
fire the employee.
Candor and Trust are king in building a competitive and
efficient workplace.
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8. After GE
Wrote a popular column for “Business Week”, for 4 years
Published
“Winning”
“Straight from the Gut”
“Winning: The Answers”
Welch has been teaching a class at the MIT Sloan School of
Management
Founded “Jack Welch Management Institute”
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9. Welch says . . .
The team with the best players wins.
A company should be either #1 or #2 in a particular industry, or
else leave it completely.
I've learned that mistakes can often be as good a teacher as
success.
If you don't have a competitive advantage, don't compete.
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10. Conclusion
Took $14 billion company to $400 billion company,
received a salary of $4million a year at the time of his
retirement.
In 1999 he was named "Manager of the Century" by
Fortune magazine.
"If management is an art, then surely Jack Welch has
proved himself a master painter."
- BusinessWeek
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