The ‘game has changed’ and GE CEO Jeffrey Immelt is adapting the company to meet those changes, said Jack Welch, author of ‘The Real-Life MBA‘ and the former CEO of the Dow component. Welch added that Immelt’s tenure has been challenging because he was forced to navigate the conglomerate through the 9/11 tragedy, as well as the financial crisis. Welch called Immelt’s decision to slim down GE’s financial division ‘gutsy,’ adding that Immelt is pocketing premium prices for those assets. Welch also said excessive regulations are hurting the profitability of GE Capital, so it’s a good time to exit that area. In terms of political leadership, Welch said he is intrigued by Ted Cruz, while he does not know Hillary Clinton’s leadership skills well enough to assess them.
Jack Welch Approves Immelt’s GE Moves, Likes Ted Cruz
Jack and Suzy Welch Talk Business Skills in ‘Real-Life MBA’
Corporate leaders need to develop an open culture of trust so employees know exactly where they stand, said Jack Welch, former CEO of General Electric and the co-author of ‘The Real-Life MBA‘ along with Suzy Welch. Suzy Welch added that one of the biggest problems facing corporate America today is ‘alignment,’ as well as a ‘fear of finance’ which they tackle in their book. Jack Welch also explains that while he was nicknamed ‘Neutron Jack’ for his layoff policies, his employees appreciated his honesty. Among the CEO’s Jack Welch admires currently are Amazon’s Jeff Bezos, as well as Under Armor’s Kevin Plank.
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The business titans and #1 New York Times bestselling authors of Winning return with a modern, essential guide for everyone in business today—and tomorrow—that explores the most pressing challenges related to creating winning strategies, leading and managing others, and building a thriving career.
In the decade since their blockbuster international bestseller Winning was published, Jack and Suzy Welch have dug deeper into business, traveling the world consulting to organizations of every size and in every industry, speaking before hundreds of audiences, working closely with entrepreneurs from Mumbai to Silicon Valley, and, in 2010, starting their own fully accredited online MBA program, which now has approximately 1,000 students enrolled. Over the same time frame, Jack has advised more than seventy-five companies through private equity, and dozens more in a senior advisory role at IAC. Now, Jack and Suzy Welch draw on their experiences to address the biggest problems facing modern management—and offer pragmatic solutions to overcome them.
Going beyond theories, concepts, and ideologies, they tackle the real stuff of work today. When you get down to it, they argue, winning in business is all about mastering the gritty, inescapable, make-or-break, real-life dilemmas that define the new economy, the old economy, and everything in between.Work is a grind. We just got whacked. My boss is driving me nuts. I’m stuck in career purgatory. My team has lost its mojo. IT is holding us hostage. Our strategy is outdated the day we launch it. We don’t know what our Chinese partners are talking about. We’re just not growing. These are some of the day-to-day issues the Welches take on. Coupled with Jack’s years of iconic leadership and Suzy’s insights as former editor of the Harvard Business Review, their new database of knowledge infuses The Real-Life MBA with fresh, relevant stories and equally powerful solutions that every manager at any level can use right now.