Home Columns Support and Suppress: Jack Welch’s Philosophy
Anwar Noor Baloch
I had to read various reports and articles on Jack Welch, the former CEO of General Electronic before the Jack Welch Leadership Style case study was conducted by me virtually with different audience levels. It took me about three weeks to research him. It was not an easy trip but a pleasant one indeed. His books “Starting from Gut” and “Winning” have made my journey deeper into the field of business and management. I urge these books to be read.
The research focused on leadership in general and on Jack Welch’s leadership style. The interesting question is, what makes leaders become leaders? What is leadership? Is it about leading people? Is it about influencing people? Is it about ordering people? Or is it about guiding people? Well, leadership is all that has been mentioned. Each definition will be applied in different situations and with different people. In the end, people need to be commanded, guided, influenced and directed.
Coming to Jack Welch’s leadership style, where he was asked, how has he been described as a leader? Was he tough and uncompromising? Was he easy and permissive or was he like a coach and persuasive? In my research, I found it to be harsh and uncompromising, but there were reasons behind it. Psychologists are looking for reasons such as what made Jack Welch different from Bill Gates and Steve Jobs?
Jack Welch joined General Electronic in 1960 and worked hard, but was not recognized and appreciated. There was a time when he was frustrated and wanted to quit his job. Despite everything, he worked hard but did not gain the support of management. He wanted to bring fairness and do good to General Electronic where there was a period of bankruptcy. It was during the 1970s that he got a break and was promoted to Chief Strategic Planning Officer.
His leadership journey began in the 1970s and he applied the concept of “Support and Remove”. He started supporting good performers and cut out those who did not perform well.
If this concept applied in today’s modern organizations, there would have been a lot of positive impacts on businesses and businesses to grow and become profitable. However, the Pareto “80/20” theory and rule still exists in most companies, but it is believed that Jack Welch’s concept will serve companies for better results and allow employees to achieve the best results in the workplace. the competitive field. Marlet.
Jack Welch was one of the most effective and efficient leaders who never wanted to fail or sink. He developed the “Fix it, sell it or shut it down” strategy. He found that some branches were not functioning well and he tried to fix the problem and make it profitable. If it hadn’t been fixed, he would have gone and sold it. If it hadn’t been sold, then he would have gone to shut it down. He didn’t give himself a chance to regret.
He came up with seven rules of leadership as he mentioned them in his book, “Winning”. He developed the seven rules of leadership as:
Leaders relentlessly improve their team, using each encounter as an opportunity to assess, coach and build self-confidence.
Leaders make sure people not only see the vision, but live and breathe it.
Leaders step into everyone’s skin, exuding positive energy and optimism.
Leaders build trust with openness, transparency and credit.
Leaders have the courage to make unpopular decisions and instinctive appeals.
Leaders probe and push with a curiosity bordering on skepticism, making sure their questions are answered with action.
Jack Welch’s hard work as a leader and his honesty have helped General Electronic rise to the top of the competitive market. He started serving the GE as CEO in 1981 and at that time the company’s stock market capital was $ 13 billion, total revenue was $ 27.9 billion, revenue was $ 1. $ 6 billion and the number of employees was 4,004.
Before retiring in 2000, he increased stock market capital from $ 13 billion to $ 525 billion. Total revenues increased from $ 27.9 billion to $ 111 billion, revenues increased from $ 1.6 billion to $ 10.7 billion, and the number of employees increased to 34,000 as in 1981 there were only 4004 employees.
Jack Welch’s leadership style teaches us that leadership is about doing the right thing, having courage, being honest, and putting the right person in the right place.
Disclaimer: The opinions expressed in this article are those of the author and Balochistan Voices does not necessarily share them.