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7/28/2019 25 Lessons Jack Welch Ten3 Minicourse2xcxzc;lzx;clzx;c;zx;czxc zx;; z;; ,;xlc,;,; ,;zx,;l ,c;l xz, ;,x, ,;l,;,s;;lc;ldcd;c,;dl,c;,d;c,;d,c;,c;dl,c;d,c,dclldc;ld;,;,;d,;c;ldc,sld;;c,;d,c;,d;,c;dc,
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7/28/2019 25 Lessons Jack Welch Ten3 Minicourse2xcxzc;lzx;clzx;c;zx;czxc zx;; z;; ,;xlc,;,; ,;zx,;l ,c;l xz, ;,x, ,;l,;,s;;lc;ldcd;c,;dl,c;,d;c,;d,c;,c;dl,c;d,c,dclldc;ld;,;,;d,;c;ldc,sld;;c,;d,c;,d;,c;dc,
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Creating the worlds most competitive enterprise
2007 Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com
25 Lessons
from Jack Welch
Lessons from the legendary former CEO of GE,whose management innovations have made him the most
influential CEO of his era
Ten3 Business e-Coachthe worlds leading source ofinspiration, innovation, and unlimited growth!
25 LESSONS FROM JACK WELCH
http://www.1000ventures.com/vk.htmlhttp://www.1000ventures.com/http://www.1000ventures.com/http://www.1000ventures.com/vk.html7/28/2019 25 Lessons Jack Welch Ten3 Minicourse2xcxzc;lzx;clzx;c;zx;czxc zx;; z;; ,;xlc,;,; ,;zx,;l ,c;l xz, ;,x, ,;l,;,s;;lc;ldcd;c,;dl,c;,d;c,;d,c;,c;dl,c;d,c,dclldc;ld;,;,;d,;c;ldc,sld;;c,;d,c;,d;,c;dc,
3/21
Exemplary Leaders (Aitken) 3
Jack Welch--The Strategic
Communicator
He has been called the greastest CEO in the US. Hewas chairman and CEO of General Electric from1981 to 2001.
He give power to people. Welch says a CEO's greatest failing is being the last
to know. A leader who never hears bad news ishopelessly out of touch.
Welch is a corporate statesman who is a true believerin the long-term future of his company.
Welch has a capacity for self-criticism.
7/28/2019 25 Lessons Jack Welch Ten3 Minicourse2xcxzc;lzx;clzx;c;zx;czxc zx;; z;; ,;xlc,;,; ,;zx,;l ,c;l xz, ;,x, ,;l,;,s;;lc;ldcd;c,;dl,c;,d;c,;d,c;,c;dl,c;d,c,dclldc;ld;,;,;d,;c;ldc,sld;;c,;d,c;,d;,c;dc,
4/21
I. Lead More, Manage Less
II. Build a Winning Organization
GE Success Story: Flash Points
25 Lessons from Jack Welch
III. Harness Your People for Competitive Advantage
IV. Build a Market-Leading Company
25 Lessons from Jack WelchCreating the worlds most competitive enterprise
Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com
Slide + Executive SummaryTo see Slides with Executive Summaries,view or print slides as Note Pages
Clickable titles
GE Leadership Assessment Survey
Contents
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5/21
Exemplary Leaders (Aitken) 5
Welch's Leadership Lessons
Embrace change.
Focus on developing people.
Communicate relentlessly. Be decisive.
Be seen as the leader.
Live your message.
7/28/2019 25 Lessons Jack Welch Ten3 Minicourse2xcxzc;lzx;clzx;c;zx;czxc zx;; z;; ,;xlc,;,; ,;zx,;l ,c;l xz, ;,x, ,;l,;,s;;lc;ldcd;c,;dl,c;,d;c,;d,c;,c;dl,c;d,c,dclldc;ld;,;,;d,;c;ldc,sld;;c,;d,c;,d;,c;dc,
6/21
Exemplary Leaders (Aitken) 6
Jack Welch--The Strategic
Communicator
He has been called the greatest CEO in the US. Hewas chairman and CEO of General Electric from1981 to 2001.
He give power to people. Welch says a CEO's greatest failing is being the last
to know. A leader who never hears bad news ishopelessly out of touch.
Welch is a corporate statesman who is a true believerin the long-term future of his company.
Welch has a capacity for self-criticism.
7/28/2019 25 Lessons Jack Welch Ten3 Minicourse2xcxzc;lzx;clzx;c;zx;czxc zx;; z;; ,;xlc,;,; ,;zx,;l ,c;l xz, ;,x, ,;l,;,s;;lc;ldcd;c,;dl,c;,d;c,;d,c;,c;dl,c;d,c,dclldc;ld;,;,;d,;c;ldc,sld;;c,;d,c;,d;,c;dc,
7/21
Creating the Worlds Most Competitive EnterpriseLessons from Jack Welch, Former CEO of GE
GE MarketCapitalization
US$13 billion
US$500 billion
2000
Jack Welchsteps down
as CEO of GE
1981
Jack Welchappointed
as CEO of GE
1. Develop a vision for the
business2. Change the culture to
achieve the vision
3. Flatten the organization
4. Eliminate bureaucracy
5. Empower individuals
6. Raise quality and
efficiency
7. Eliminate boundaries
Welchs Seven-PointProgram for Management
by Leadership
More information at 1000ventures.com: Jack Welch a Corporate Change Leader
SuccessStory
http://www.1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://www.1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://www.ge.com/oac/appliance.htm7/28/2019 25 Lessons Jack Welch Ten3 Minicourse2xcxzc;lzx;clzx;c;zx;czxc zx;; z;; ,;xlc,;,; ,;zx,;l ,c;l xz, ;,x, ,;l,;,s;;lc;ldcd;c,;dl,c;,d;c,;d,c;,c;dl,c;d,c,dclldc;ld;,;,;d,;c;ldc,sld;;c,;d,c;,d;,c;dc,
8/21
Jack Welch Corporate Change LeaderWelchs Trademark Messages
Business is simple.
Don't make business overly complicated.
Face reality, then act decisively.
Don't be afraid of change.
Change before you have to.
Fight bureaucracy.
Use the brains of your workers.
Discover who has the best ideas, and put those ideasinto practice.
1000ventures.com
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9/21
Leading Organizational TransformationLessons from Jack Welch
Welchs prescriptionfor winning in business
1. Speed
2. Simplicity
3. Self-confidence
More information at 1000ventures.com: Jack Welch Corporate Change Leader
http://1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://www.ge.com/oac/appliance.htmhttp://1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://1000ventures.com/business_guide/crosscuttings/cs_leadership_welch.htmlhttp://www.ge.com/oac/appliance.htm7/28/2019 25 Lessons Jack Welch Ten3 Minicourse2xcxzc;lzx;clzx;c;zx;czxc zx;; z;; ,;xlc,;,; ,;zx,;l ,c;l xz, ;,x, ,;l,;,s;;lc;ldcd;c,;dl,c;,d;c,;d,c;,c;dl,c;d,c,dclldc;ld;,;,;d,;c;ldc,sld;;c,;d,c;,d;,c;dc,
10/21
Shared Corporate Values
GE Values Guide
GE Leaders... Always with Unyielding Integrity:
Have a Passion for Excellence and Hate Bureaucracy
Are Open to Ideas from Anywhere... and Committed to Work-Out
Live Quality... and Drive Cost and Speed for Competitive Advantage
Have the Self-Confidence to Involve Everyone and Behave in aBoundaryless Fashion
Create a Clear, Simple, Reality-Based Vision... and Communicate Itto All Constituencies
Have Enormous Energy and the Ability to Energize Others
Stretch... Set Aggressive Goals... Reward Progress... Yet UnderstandAccountability and Commitment
See Change as Opportunity... Not Threat
Have Global Brains... and Build Diverse and Global Teams
More information at 1000ventures.com: Shared Values
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ExecutionThey are action-oriented, and
are focused on getting results
EdgeThey have a competitive edge
and a will to win
EnergizeThey energize teams, and
don't intimidate them
EnergyThey have tremendous
personal energy
Lessons from Jack WelchThe 4 Es of Leadership
More information at 1000ventures.com: 25 Lessons from Jack Welch
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12/21
Going for the leap Radical innovation
Diversification
Venture investing Acquisitions
Shining the incremental
Lean organization
GE Work-Out
Quality Management: Six Sigma
GE Growth Strategies
Shun the incremental and go for the leap Jack Welch
More information at 1000ventures.com: Sustainable Growth Strategies
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13/21
Quality Management: Six Sigma
Impact of Six Sigma Implementation at GE
11%
14%
17%
13%
Revenue
increased
Profits
increased
Earning per
share increased
Operating
margins
increased
Results achieved over the first two years (1996-1998)
More information at 1000ventures.com: Six Sigma
"We want to change the competitive landscape by being not just better
than our competitors, but by taking quality to a whole new level. Jack Welch
S S G
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14/21
Six Sigma Implementation at GEMaking the Six Sigma Process Work
Four MAIC Steps1. Measure
2. Analyze
3. Improve
4. Control
Five Corporate Measures1. Customer Satisfaction2. Cost of Poor Quality
3. Supplier Quality
4. Internal Performance
5. Design for Manufacturability
Everyday Six Sigma
Plant managers can use Six Sigma to reduce waste, improve
product consistency, solve equipment problems or create capacity.
Human resources managers can use it to reduce the cycle time for
hiring employees.
Regional sales managers can use it to improve forecast reliability,
pricing strategies or pricing variation.
More information at 1000ventures.com: Six Sigma
C t I ti i E t l V t
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15/21
No of Ventures Invested
0
300
600
1995 2000 2005
Nature of VentureInvestments (2002)
15%
85%
Strategic ValueInvestments
Investments in
Areas Unrelatedto GE
Established in 1995, General Electric (GE) Equity, a business unit withinGE Capital, invests around $1.5 billion annually in external ventures
GE Equity invests an average of $3 million to $5 million in each ofcompanies, and it gets somewhere between 5 and 11% of each venture
85% of investment are strategic value investments that help GEbusinesses grow and are done jointly with one of them
Corporate Investing in External Ventures
GE Equity
More information at 1000ventures.com: Corporate Venture Investing
C t V t I ti GE E it
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16/21
Corporate Venture Investing: GE EquitySuccess Factors
Qualities of Top ManagersCritical to Success
they are visionary leadersaiming at building a world-class, global, private equity
organization
each of them is aremarkable hybrid ofcorporate executive andventure capitalist
they practice and lead ahighly disciplined approachto project selection andportfolio management
Highly Disciplined BusinessManagement System(BMS)
rigorous examinationprocedure
systematic investmentapproach based on decisionand probability theories
the most onerous due-
diligence checklist in theworld of corporate ventureinvesting
portfolio management system
More information at 1000ventures.com: Corporate Venture Investing
25 L f J k W l h
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17/21
25 Lessons from Jack WelchCreating the worlds most competitive enterprise
2007 Vadim Kotelnikov, Founder, Ten3 Business e-Coach, www.1000ventures.com
Slide + Executive SummaryTo see Slides with Executive Summaries,
view or print slides as Note Pages
I. Lead More, Manage Less
II. Build a Winning Organization
GE Success Story: Flash Points
25 Lessons from Jack Welch
III. Harness Your People for Competitive Advantage
IV. Build a Market-Leading Company
Clickable titles
GE Leadership Assessment Survey
M t b L d hi
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18/21
Management by Leadership25 Lessons from Jack WelchLEAD MORE, MANAGE LESS
1. Lead2. Manage less3. Articulate your vision4. Simplify5. Get less formal
BUILD A WINNING ORGANIZATION
11. Get rid of bureaucracy12. Eliminate boundaries13. Put values first14. Cultivate leaders
15. Create learning culture
HARNESS YOUR PEOPLE
16. Involve everyone17. Make everybody a team player18. Stretch19. Instill confidence
20. Make business fun
BUILD THE MARKET-LEADING COMPANY
24. Live speed25. Behave like a small company
6. Energize others7. Face reality8. See change as an opportunity9. Get good ideas from everywhere10. Follow up
21. Be number 1 or number 222. Live quality23. Constantly focus on innovation
More information at 1000ventures.com: 25 Lessons from Jack Welch
L d M M L L 1
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19/21
Managers muddle leaders inspire."What we are looking for are leaders atevery level who can energize, excite andinspire rather than enervate, depress,and control."
Create a vision and then ignite your organization to make thisvision a reality
Focus on strategic issues
Don't micromanage
Involve everyone and welcome great ideas from everywhere
Lead by example
More information at 1000ventures.com: Effective Leadership
Lead More, Manage Less: Lesson 1
Lead
Lesson1: LEAD
B ild M k t L di C L 22
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20/21
"We want to change the competitive landscape by being notjust better than our competitors, but by taking quality to awhole new level. We want to make our quality so special, sovaluable to our customers, so important to their success thatour products become the only real value choice."
Take great pride in your work
Make quality your way of life
Quality is your job
Make quality the job of every employee
Seek out quality training
Involve customers
Exchange best practices
More information at 1000ventures.com: Quality Management
Build a Market-Leading Company:Lesson 22
Live Quality
25 L f J k W l h
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21/21
I. Lead More, Manage Less
II. Build a Winning Organization
GE Success Story: Flash Points
25 Lessons from Jack Welch
III. Harness Your People for Competitive Advantage
IV. Build a Market-Leading Company
25 Lessons from Jack WelchCreating the worlds most competitive enterprise
Helpful Links to Ten3 Business e-Coach at www.1000ventures.com
25 Lessons from Jack Welch
How To Make Effective Presentations
Ten3 Services
Ten3 e-Coaching Products
Ten3 Training
To view / print slides with Executive Summaries,
view / print the file as Note Pages
Vadim Kotelnikov
Inventor & Founder
Ten3 Business e-Coach Innovation Unlimited!
www.1000ventures.com
The Single user License is below this slide View the slide as Note Pages
THANKYOU!
GE Leadership Assessment Survey
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