WELCH RULES- Advice from the stable of Jack Welch

Remember Jack Welch, the long-time Chairman and CEO of General Electric, has been hailed as the greatest business leader of our era and deservedly so? Here are some advices from him in the book,‘ 29 Leadership Secrets from Jack Welch’ by Robert Slater

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1. Accept change. Business leaders who treat change like the enemy will fail at their jobs. Change Is the one constant, and successful business leaders must be able to read the ever-changing business environment.
2. Let your employees know that change never ends. Teach your colleagues to see change as an opportunity— a challenge that can be met through hard work and smarts.
3. Be ready to rewrite your agenda. Welch always encouraged his managers and employees to be prepared to reexamine their agenda and to make changes when necessary.
4. Face reality. Business leaders who avoid reality are doomed to failure.
5. Act on reality quickly! Those who truly face reality can’t stop there. They must adapt their business strategies to reflect that reality, and they must do so quickly.
6. Turn your business around. Stick your head in the sand, says Welch, and you will fail. Face reality, and you may turn a bad situation into a great one.
7. Manage less. Teach your managers to manage less, even though their training may be to manage more.
8. Instill confidence. Treat employees with respect and build their confidence.
9. Get out of the way. Employees do not need constant supervision. Let them do their jobs. You will be surprised at the results.
10. Emphasize vision, not supervision. Managing less lets managers think big thoughts and come up with new ideas to benefit the business.