Friday, May 18, 2018

Lean Quote: 10 Leadership Lessons From Jack Welch

On Fridays I will post a Lean related Quote. Throughout our lifetimes many people touch our lives and leave us with words of wisdom. These can both be a source of new learning and also a point to pause and reflect upon lessons we have learned. Within Lean active learning is an important aspect on this journey because without learning we can not improve.


"Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion." — Jack Welch

If you've ever managed people, chances are you've had your share of sure-fire leadership successes, along with a few tough missteps and "wish I had knowns" — and probably learned a thing or two from all of three.

Leadership is all about growing others. It's about your team and its welfare. It's about your direct reports and their performance.

Jack Welch was head of General Electric over two decades before he retired in 2001. He is widely regarded as one of the most successful industrial leaders of the modern age, having increased the value of GE by some 4000% to several hundred billion during his tenure.

He's a veritable leadership guru. So what does he say is the key to being a successful leader?

Jack Welch shared 10 leadership lessons, in no particular order:
  1. Your company's values and your personal values must be compatible.
  2. Differentiation breeds meritocracy. Sameness breeds mediocrity.
  3. In a performance culture, actions have to have consequences — positive or negative.
  4. Creating an environment of candor and trust is a must.
  5. Attracting, developing and retaining world-class talent is your never-ending job.
  6. You must distinguish between coachable development needs in your people and fatal flaws.
  7. Simple, consistent, focused communications travel faster and are understood better by the organization.
  8. There is nothing more developmental and illuminating than dealing with adversity.
  9. Over time, you have to develop a real generosity gene — and love to see each person on your team earn raises, get promotions and grow personally.
  10. Continuous learning is critical for success — make it a priority.


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