By Stuart Crainer
This can be one in every of a sequence that indicates how the "big pictures" of the enterprise global have attained their positions within which they keep an eye on large empires and command gigantic own fortunes. The booklet finds the secrets and techniques, bargains, schemes and goals of those, the world's fiercest enterprise rivals.
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Additional resources for Business the Jack Welch Way: 10 Secrets of the Worlds Greatest Turnaround King (Bigshots)
His father was a conductor on the Boston & Maine Railroad; his mother a housewife. When Welch went to the University of Massachusetts to study chemical engineering, he was the first one from his family to go to college. Explaining his choice of subject, Welch has said: "I had an uncle who was an engineer at a power station in Salem, so an engineer was something. I took chemistry and fell in love with chemistry. " 1 It is notable that engineering holds a strong fascination for industrialists and those who think about business.
In doing so, they run the risk of having their legacy tarnished. Perhaps the most forceful explanation of the importance of succession planning is given by British executive Sir Adrian Cadbury. To him, the leader who neglects those around him or her is failing to exercise leadership. ''True leaders encourage their followers to develop their talents and to grow in stature. They build their successors, so that, in time, their leadership will no longer be needed," says Cadbury. "False leaders take away from their followers the ability to decide for themselves; they hold them in thrall and diminish them as people.
GE's Crotonville is an investment in people. A big investment. Page 27 Plan for the Future Welch not only connects with and develops people but he also invests in the company's future. He is concerned with who becomes the next CEO. He wants to exercise influence over the next cadre of management. He wants the GE way to exist long after his retirement. In many ways, Welch is passing on the baton. Reg Jones, his predecessor, did much the sameassiduously preparing Welch for his future role. Such succession planning makes good sense.
Business the Jack Welch Way: 10 Secrets of the Worlds Greatest Turnaround King (Bigshots) by Stuart Crainer