Book Category: Leadership, Motivational,

29 Leadership Secrets From Jack Welch (book summary)

Author: Robert Slater
Life Changing Principles
8.0
Quality of Writing
8.5
Overall Value
8.5
pros: Easy-to-digest, lots of great tips
cons: Short
83.3%
overall rating
8.3

QUICK SUMMARY:

Slater’s quick read provides a nice dose of leadership principles from the former GE CEO.

KEY INSIGHTS:

  • Change, before it’s too late.
  • Accept change.
  • Face reality. Business leaders who avoid reality are doomed to failure.
  • Act on reality quickly.
  • Emphasize vision, not supervision.
  • Core values should be constant, but the strategies may need to change with the competitive environment.
  • Give employees more responsibility, and they will make better decisions.
  • Eliminate employees who do not live the company values, even if their numbers are good.
  • Keep hunting for the little opportunities.
  • Find and implement the best ideas, no matter where they come from.
  • Think globally and locally.
  • Link compensation to quality performance.
  • Don’t assume the customer is as happy as you are.
  • Always keep the customer as the main focus.

PRACTICAL APPLICATION:

  • Make it habit to think about your business.
  • Teach your managers to manage less.
  • Get out of the way.
  • Even in the good times, regularly review expenses and head counts.
  • Keep learning.
  • Promote the three “S’s”: speed, simplicity, and self-confidence.
  • Structure for smallness.
  • Turn workers into owners.
  • Stretch each employee to the maximum.
  • Tackle quality head-on.

MEANINGFUL QUOTES

“Treasure and nourish the voice and dignity of every person.” – Jack Welch

Interested? Buy the book here!