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JACK: STRAIGHT FROM THE GUT
Welch, Jack
2001 21540 During his 21-year tenure as chairman and chief executive of General Electric, Jack Welch redefined business culture in America and across the globe. Today, Welch epigrams like "Fix, sell, or close" are part of our everyday vocabulary; Welch initiatives like Six Sigma have enabled many organizations to meet the demands of a highly competitive marketplace; and Welch disciples hold leadership positions throughout the Fortune 500. In Jack: Straight from the Gut, the first book ever written by GE's legendary CEO, you'll find out how a chemical engineer impatient with bureaucracy took a solidly prosperous company and remade it into an extremely profitable, aggressive, value-oriented business that serves as a model for executives from New York to New Delhi. The first section of Welch's narrative deals with his childhood (the fierce passion and integrity of his mother, Grace - who refused to allow her son's stutter to stand in his way - resonate throughout the book), his formative experiences as he struggled to climb "out of the pile" while developing a new plastic called PPO for GE, and his ultimate accession - after two decades of hard work - to the post of chairman. As he recounts his rise through the ranks, Welch shares the principles that he believes were integral to his success. First and foremost is his commitment to creating a meritocracy in which the best people, those who truly distinguish themselves through the quality of their work, are rewarded: Nothing is as important as identifying, training, and holding on to talented people. Another core principle of Welch's is the need for speed and responsiveness; "I wanted the company," he writes, "to be more like a speedboat, fast and agile, able to turn on a dime." A third principle could be called "informality" or even "joy." As a manager, Welch loved the back-and-forth involved in a true exchange of ideas as well as the conviviality of a night out celebrating the latest victory with his team. The second part of Jack: Straight from the Gut centers around Welch's resoundingly successful and sometimes painful struggle to modify GE's "hardware" (some business units were sold off or restructured while others, like NBC, were acquired) and its "social architecture" (the culture or values that drove the company). During this period, Welch revitalized Crotonville, GE's famous management training center, and introduced the revolutionary concept of "boundaryless" thinking into the organization. Welch tells us, "The boundaryless company I saw would remove all barriers among the functions: engineering, manufacturing, marketing, and the rest.. It would eliminate the less visible walls of race and gender. It would put the team ahead of the individual ego." The third and final section of the book discusses GE's four top initiatives over the past decade - globalization, the growth of services, Six Sigma, and digitalization - and also includes a pithy chapter entitled "What This CEO Thing Is All About," in which Welch distills the lessons of his amazing career. Throughout the latter part of the book, Welch also deals candidly with some of his most highly publicized problems, including the response to the layoffs of the '80s; his difficulties with the acquisition of Kidder, Peabody; and the Hudson River PCB problem. Always enlightening and informative, Jack: Straight from the Gut offers us an invaluable look into the mind of the man whom Business Week calls "the most impressive CEO of his time." Although Welch doesn't portray himself as General Electric's savior (throughout the book, he generously acknowledges the contributions of his colleagues, thereby remaining true to his vision of team spirit), his book is essential reading for businesspeople and for anyone else who wants to understand the principles by which companies should be run. (Sunil Sharma) A Review by Janet Lowe Listed at thirty dollars. Warner Books, Incorporated 0446528382 / 9780446528382
Hardcover AS NEW CONDITION New York
Price:
15.09 USD
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