Sunday, May 26, 2019

Winning by Jack Welch

As the name itself suggests, the book is solely about winning. Winning as a business, winning as a manager, winning as an employee and also winning in the personal life. The book is written in a way that is now popularly know as blog-speak. There are no jargons used and its a typical CEO type of writing. In the book, Welch touches a range of issues ranging from mission and set to Six Sigma in a very lucid manner. The book is a treat for anyone who really wants to know what it move outs to make a great company and a great manager as it is written by a man who is known as the best CEO of America.The book starts with explaining foundation stones that an organization moldiness have in order to become a winning company under the variance Underneath It All. These are mission and values, candor, differentiation, voice and dignity. Welch explains all these requirements in detail, giving first hand examples from GE and other real life stories. The section gives fair and actual understandi ng of the cliched words exchangeable mission and values and methods of instilling them in the company firmly.After explaining about foundations Jack Welch turns the discussion to leadership in the Your Company part. He explains things needed in a strong leader. The leader should be able to convert organizations mission into actions. He needs to instil values in the finish of the company.A leader should be able to appreciate and be adeptable to change. A function of the leader also includes picking winners for the company. The leader should be able to take tough decisions and manage crisis. The most important thing for a leader is to gain trust of the team. He should lead by setting examples and leading from the apparent motion. From the section, I gained a good amount of understanding about leadership qualities and how to actually get things done.After underdeveloped a strong leadership, the next pace Welch suggests is knowing your competition. You must know what your competito rs are doing, how they are doing it, and how to counter the attack. When you know what others are doing or are going to do, itwill help you in developing your own strategies, which shall, in turn, translate into your budgeting for execution of those strategies. If you want to grow your company, there aretwo ways in which it can be done constituent(a) growth i.e starting something new afreash and Mergers and Acquisitions. The company needs to utilize both in order to grow. Both methods require different but clear stategies. This section gave insight into the real running of a company.In the next section Your Career, Jack Welch explains how companies recruit best employees. Its chapters talk about how to get the right line of descent for you, how to get promoted and the likes. Welch also talks about work-life balance.The last part is about questions and answers that were discussed in a number of sessions that Jack Welch attended throughout the world.WINNING is a must read for anyone who loves business whether he is a CEO or a management student. The talk is quite straightforward, full of insights gained from first hand become of running GE successfully for twenty years. The reader would find the quality that is emphasised by Welch himself candor in his writings throughout the book.

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