29 Leadership Secrets From Jack Welch

LEADERSHIP SECRET 9DOWNSIZE, BEFORE IT’S TOO LATE!

FROM THE FILES OF JACK WELCH

These are the businesses that we really want to nourish. These are the businesses that will take us into the twenty-first century. They are inside the circles. Outside the circles you have businesses that we would prefer not to pursue any further.

Jack Welch felt he had no choice. He not only had to reshape the company but also reduce its size dramatically. Alone among American business leaders, Welch was willing to downsize a company that was not facing an imminent crisis. He knew this would be a heart-wrenching process. But the result would be worth it: a GE that ...