Jack Welchs Leadership Style - 1587 Words

In the era of Globalization, where organizations are struggling to get competitive advantage, a good leader and his leadership style might be identified as the key factors that drive the company to its success. Even though the concept of leadership has changed throughout the years and it is still evolving, it can be defined as â€Å" a process of social influence, which maximizes the efforts of others, towards the achievement of a goal† (Kruse, 2013). However, how can a good leader be recognized? Which is the most successful leadership style? Are leaders â€Å"born† or â€Å"made†? According to one of the greatest business leaders of the contemporary age, Jack Welch, â€Å"Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.† The aim of this essay is to critically analyse the above quote and to examine Jack Welch’s leadership style in comparison with the most relevant leadersh ip theories, which have been developed over the years. Jack Welch joined General Electric (GE) at age of 24 and he worked all the way up until becoming CEO at the age of 45. He has been able to turn GE into one of the most successful enterprises worldwide. In order to do that, he adopted a really different approach from the other business leaders; indeed, he focused on the development of human abilities; this process allowed him to drive a change through a big organization as GE (Francis, 2014). First of all, he believes that the key element toShow MoreRelatedLeadership Style and Their Effects on Ceos812 Words   |  4 PagesLeadership Styles and Their Effect on CEOs Leadership Style and Their Effect on CEOs LaKisha Feggins November 21, 2012 Leadership Styles and Their Effect on CEOs Abstract The purpose of this essay is to analyze, compare, and contrast the leadership styles of two influential CEOs. I have collected information from many internet sources that elaborate on the life, achievements, and misfortunes of Jack Welch and Steve Jobs, and how they overcame their obstacles to become the best CEOsRead MoreGes Two-Decade Transformation: Jack Welchs Leadership884 Words   |  4 PagesStudy Out of recession The callange Welch faced in 1981 Welch‘s objective Which goal did Welch aim at? Welch ´s meassures strategic and organizational iniatives The change process The logical structure behind the change process Added values The values Welch added related to the change process Our opinion Evaluation of Welch‘s approach Welch‘s heritage Longterm implications for GE Summary Short overview of Welch‘s achievments 2 THE CHALLENGE WELCH FACED IN 1981 Out ofRead MoreGE Two Decade Transformation1737 Words   |  7 Pagesï » ¿ Case 1: GE’s Two Decade Transformation: Jack Welch’s Leadership-HBS # 9-399-150 1. How difficult a challenge did Welch face in 1981? How effectively did he take charge? Jack Welch became the CEO of GE back in April of 1981 when the economy was in a recession. He faced the highest unemployment rate during that time due to the high interest rates during the depression. Several other challenges came along with this position from the increase in competition and also being overshadowed by a longtimeRead MoreEssay about Career Biography of Jack Welch2772 Words   |  12 PagesCareer 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 SalemRead MoreEssay about Ge’s Two–Decade Transformation: Jack Welch’s Leadership Case2227 Words   |  9 PagesTwo–Decade Transformation: Jack Welch’s Leadership Case Group 3 Executive Summary The purpose of this report is to provide an analysis of GE’s revitalization efforts during the tenure of their infamous CEO Jack Welch. This detailed examination of the impact of Mr. Welch’s leadership style and the changes he implemented will be supported by our strategic recommendations aligned with our course lectures. The learning objective is to understand the evaluation of Welch’s strategy and how it impactedRead MoreJack Welch s Leadership And Transformational Motivation1623 Words   |  7 PagesJack Welch How much money would it take for you to compromise your ethics and vision for the future of your company? For Jack Welch there was no number, and as a result when he stepped down from his CEO position at General Electric (GE), he was rewarded with a number larger than most of us can fathom in the form of a $420 Million severance package. The purpose of this essay is to show that while not always liked, Jack Welch acted ethically while leaning on his visionary leadership and transformationalRead MoreWhat Makes A Good Manager?1046 Words   |  5 PagesCase Essay From the study of GE as a company and Jack Welch as the CEO, you gain a very clear picture an effective a leader drives an organization forward. According to Goleman’s 6 Leadership styles, Jack Welch’s style is more of a â€Å"pacesetting† and â€Å"coaching† style where he inspires those under him, sets the expectations and continuously looks to all areas of the organization for its future leaders (Benincasa). It comes down to one simple method: get rid of unnecessary hierarchy, and promote theRead MoreGeneral Electric Company : An American Multinational Conglomerate1311 Words   |  6 PagesManagement Style As stated by New York Times, â€Å"the GE Way Isn’t for everyone†, this way that has been controversially spoken of was developed by John Welch, one of the most prominent CEO’s in the history of General Electric. Welch developed a breakthrough in business management that produced innovative leadership strategies. The implementation of this strategy is the reason why GE became one of the most highly labor-efficient and highly productive powerhouse’s of the 21st Century. During Welch’s 20 yearRead MoreGes Two-Decade Transformation: Jack Welchs Leadership1107 Words   |  5 PagesTwo-Decade Transformation: Jack Welch’s Leadership Submitted by Group -5 Group Members: Name | NSU Id | Nek Parveen | 071 759 030 | Mashior Rahman | 081 342 530 | Md. Kaderi Kibria | 091 0727 030 | Farah Mehnaz Alam | 091 0858 030 | Gaws- Al- Alam | 091 0919 030 | Background: General Electric is the core of a holding company holding exhaustive list of divisions and business units which are designed to support the centralized strategic planning. Jack Welch as a CEO restructuredRead MoreGe’s Two Decade Transformation: Jack Welsh’s Leadershipge’s Two Decade Transformation: Jack Welsh’s Leadership1377 Words   |  6 PagesGE’s Two Decade Transformation: Jack Welsh’s Leadership Introduction GE was founded in 1878. It has grown multi folds since the time of inception. It has been named as â€Å"Most Admired Company in Us† and â€Å"Most Admired Company in the World†. It has companies in the field of electricity production, electric appliance, lighting, aircraft engines, medical system, and diesel locomotives. GE has 43 independent SBU (Strategic Business Unit). Despite all these variations available there was steadfast growth