Thesis Statement
Management guru Jack Welch, former CEO of General Electric, has been instrumental in forming today's top business management leaders by imparting effective knowledge in leadership management; he is widely credited with transforming GE into a multibillion-dollar conglomerate.
I. Jack Welch ? Who is the man?
A. Biography ?
1.Born in Salem, Massachusetts, in 1935.
a. Growing up ? The family lived in one of the poorer neighborhoods of Salem, Massachusetts. Welch has said that his mother was the most important influence on him, cheering him on in sports and academics, and always encouraging him to strive for more
b. Schooling ? Welch continued to pursue his education at the University of Illinois, with M.S. and PhD degrees in chemical engineering.
B. Moving up the Corporate latter in GE
II. Leadership Style of Jack Welch
A. Strategy ? "Fix it, Sell it, or close it" Jack Welch fired more then 100,000 people (almost one in four). Neutron Jack devised the "vitality curve" where the bottom 10 per cent of employees were challenged to improve or leave.
B. Took General Electric from $13 billion in 1981 to more than $300 billion when he left in 2001. Ran GE like a corner shop ? keeping an eye on profits, cash flow, and people
III. What is he doing now?
A. After his retirement in 2001 served as corporate consultant to a group of Fortune 500 companies, all in different industries
B. Wrote New York Times best seller "Straight from the Gut" published in Sept. 2001
Has a new book coming out in 2005 entitled ...