Contents

GE Success Story: Flash Points

Welch's Seven-Point Program for Management by Leadership

Creating an Extraordinary Organization

Welch's Trademark Messages

Leadership Development at GE

GE Values Guide

The Four E's of Leadership

GE Growth Strategies

GE Multifactor Business Portfolio Matrix

Impact of Six Sigma Implementation at GE

Making the Six Sigma Process Work

GE Work-Out

Seven Steps to Implement Work-Out

GE Equity: Investing in External Ventures

GE Corporate Venture Investing: Success Factors

25 Lessons from Jack Welch

Lead More, Manage Less  

1. Lead

2. Manage Less

3. Articulate Your Vision

4. Simplify

5. Get Less Formal

6. Energize Others

7. Face Reality

8. See Change as an Opportunity

9. Get Good Ideas from Everywhere

10. Follow up

Build a Winning Organization  

11. Get Rid of Bureaucracy

12. Eliminate Boundaries

13. Put Values First

14. Cultivate Leaders

15. Create a Learning Culture

Harness Your People for Competitive Advantage  

16. Involve Everyone

17. Make Everybody a Team Player

18. Stretch

19. Instill Confidence

20. Make Business Fun

Build the Market-Leading Company  

21. Be Number 1 or Number 2

22. Live Quality

23. Constantly Focus on Innovation

24. Live Speed

25. Behave Like a Small Company

GE Leadership Assessment Survey (LES): 40 criteria

 Sample Page: Slide + Executive Summary

• Create a vision and then ignite your organization to make this vision a reality. Get people so passionate about what they are doing that they cannot wait to execute this plan. Have great energy, competitive spirit and the ability to spark excitement and achieve results. Search for leaders who have the same qualities.

• Focus on strategic issues. Your job is to understand the strategic issues within each of your businesses where they are going around the key questions. Know the talent they need to win in those markets and the amount of capital they need. And make bets.

• Don't micromanage. Your job is to see the big picture. Don't manage every detail. Don't get caught up in the minutiae or obsess over every detail, but instead inspire others to execute of your vision. Surround yourself with great people and trust them to do their job and contribute their best to the organization.

• Involve everyone and welcome great ideas from everywhere. Anyone can be a leader, just so long as they contribute, and the most meaningful way for anyone to contribute is to come up with a good idea. Business is all about getting the best ideas from everyone. New ideas are the lifeblood of the organization, the fuel that makes it run. "The hero is the person with a new idea." There is simply nothing more important to an organization than expressing ideas and creating a vision.

• Lead by Example. To spark others to perform, you must lead by example. Jack Welch mastery of the four E's of leadership – Energy, Energize, Edge, and Execution – was always in evidence. "He had great energy, sparked others, had incredible competitive spirit, and had a record of execution that was second to none. This is a key of the Welch phenomenon. Had he been lacking in any of the traits he espoused, he would not have commanded such acclaim.“

Six Rules for Successful Leadership from GE's Jack Welch

1. Control your destiny, or someone else will.

2. Face reality as it is, not as it was or as you wish it to be.

3. Be candid with everyone.

4. Don't manage, lead.

5. Change before you have to.

6. If you don't have a competitive advantage, don't compete.

... and much, much more!