Jack Welch dies at 84. What the true Legend said about management?
John Francis Welch Jr. an American business executive, author, and chemical engineer. He was chairman and CEO of General Electric between 1981 and 2001. In 2006, Welch's net worth was estimated at $720 million. When he retired from GE he received a severance payment of $417 million, the largest such payment in business history. Dies at 84. Today.
Jack Welch left magnificant fortune of management philosophy. Sharig below are some of his famous quotes.
“Face reality as it is, not as it was or as you wish it to be.”
“Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.”
“Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.”
“If you don't have a competitive advantage, don't compete.”
“Control Your Own Destiny or Someone Else Will”
“When you were made a leader you weren't given a crown, you were given the responsibility to bring out the best in others.”
“If the rate of change on the outside exceeds the rate of change on the inside, the end is near.”
“Change before you have to.”
Some people say although management philosophy can guide you how to fit in the VUCA world, think by the law of economy but the theory structure itself is remain unchanged. The great quotes from those great mentors, Peter Drucker, Jack Welch, maybe quoted 50 years ago but still make sense today.
The best way to memorize Jack Welch, maybe is to read his books, understand his thinking, or simple do what he suggested. Wish this world can be better with all the great wisdom that those great mentors left for us.