Jack Welch's Leadership Principles

Paper Summary:

This paper looks at the article "The New Rules" where business analyst Betsy Morris seriously challenges the management principles and rules ascribed to Jack Welch. The paper discusses how his leadership style and principles have been the driving force of modern management. The paper explains how Morris suggests that current global, economic and political circumstances demand a rethinking of the fundamental assumptions of Welch's position on various issues and the establishment of new rules for today's managers.

From the Paper:

"When he became CEO, Welch continued many of the traditions of previous CEO's. Oddly, this is rarely mentioned in the glowing published accounts of his career at General Electric. It is true that Welch established a no nonsense leadership style which earned him a reputation of being ruthless yet fair, but this is a common approach in the corporate world. It is also true that he was scornful of bureaucracy, rejected archaic business ways, and fired many managers who resisted applying his business rules and principles, but once again, many other corporate executives have scorned bureaucratic red tape, pursued innovation, and replaced managers who relied too much on traditional management methods."

Sample of Sources Used:

• Morris, Betsy. "The New Rules." Fortune. July 11, 2006.

More papers on Jack Welch's Leadership Principles:

• Article Review # 130317 : "Jack Welch and "The New Rules"
• Book Review # 119115 : "Jack Welch and the GE Way"

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