Jack Welch & The G.E. Way: Management Insights and Leadership Secrets of the Legendary CEO
A recentFortunepoll cited General Electric Company as America's most admired company. Much of the credit went to Jack Welch, GE's chief executive for the past 17 years. During his tenure, GE's revenues and profits have grown enormously. Its share price has soared, making GE the world's most valuable company. And the key to GE's success, according toJack Welch and the GE Way, is Welch's fanatical devotion to a personal philosophy of leadership. Author Robert Slater has made a growth industry of his own out of Welch, penning two previous books on him,The New GEin 1992 andGet Better or Get Beaten!two years later. The same territory was plowed in 1993 by Noel M. Tichy and Stratford Sherman inControl Your Destiny or Someone Else Will.In this book, Slater draws extensively on Welch's own words to deliver his now familiar message: keep it simple; face reality; embrace change; fight bureaucracy. Bromides these may be, but Slater's account of Welch's fierce efforts to lead a global, multifarious organization of 270,000 people does inspire admiration, even if it does not enable emulation. The book provides fresh insights into GE's shift toward service businesses, as with its takeover and transformation of NBC. Most timely are Welch's closing thoughts on trends in the global economy.Jack Welch and the GE Wayis a must for the legions of "Welch-heads" out there and for anyone else interested in this brilliant leader's perspective on the future of business.--Barry Mitzman