- February 11, 2013
- Posted by: STEP Consulting
- Category: Uncategorized
By Terence Traut, Entelechy, Inc.
Jack Welch is known for his ability to execute. From a brash upstart engineer to becoming the youngest CEO at GE in 1981, Welch worked to streamline GE and make it a more competitive company. He also pushed the managers of the businesses he kept to become ever more productive. Welch worked to eradicate inefficiency by trimming inventories and dismantling the bureaucracy that had almost led him to leave GE in the past. He shut down factories, reduced payrolls, cut lackluster old-line units. Although he was initially treated with contempt by those under him for his policies, they eventually grew to respect him. Welch’s strategy was later adopted by other CEOs across corporate America.