29 Leadership Secrets From Jack Welch

LEADERSHIP SECRET 7KEEP WATCH FOR WAYS TO CREATE OPPORTUNITIES AND TO BECOME MORE COMPETITIVE

FROM THE FILES OF JACK WELCH

The world is moving at such a pace that control has become a limitation. It slows you down.

Before Jack Welch’s arrival at GE, the company was steaming full throttle toward the cliff edge.

Yes, the balance sheet was strong. But only a handful of the company’s 350 business units dominated their markets. The only GE businesses doing well on a global basis were plastics, gas turbines, and aircraft engines (and overseas, only gas turbines were dominant). Something like 80 percent of GE’s earnings still came from its traditional ...