I am starting to think that companies are more akin to movie studios. Posted By nadir, ca: In other words I will term it as: Your response will be removed from the review — this cannot be undone. As the ultimate agent for change, the CEO is above the need for consensus. Jack Welch executed his plans like no one else.
Inside Jack Welch's MBA school of tough love
Welch had four children with his first wife, Carolyn. Especially when that number seems so wrong". Retrieved from " https: Budget Believers For most companies, the annual budget works well enough. A collapse in oil prices or a transportation mishap, for instance, will shift relevant parts of the organization into gear to provide an unbiased forecast of the effect of the event on their targets. After 7 years, its obvious- he's not Jack Welch and he's no Lou Gestner. John Francis "Jack" Welch Jr.
Freeing Your Business From Its Budget
He's been in charge for seven years and the stock has been almost cut in half in that time. In , he made a speech in New York City called "Growing fast in a slow-growth economy". In other projects Wikimedia Commons Wikiquote. An Executive Task Force.
Jack Welch: How To Kick Ass In These Tough Times
Description: Archived from the original on August 5, This much-hated annual exercise in setting targets, doling out resources, and providing incentives for employees is the way nearly all companies run their shops. Welch also often received criticism for a lack of compassion for the middle class and working class. John Francis Welch Jr. Flexibility is fine, but you still need a budget.