Archive for October, 2007

Reading Series - “WINNING” from Jack Welch

Tuesday, October 9th, 2007

Some time ago, I read the book “WINNING” from Jack Welch, who was GE’s CEO.
I really liked the book. For each idea presented, it is backed up with several real examples from the author’s experience. I think it is a must-read for every worker.

The book is divided in 5 parts, with a total of 20 chapters. As I was reading it, I underlined some sentences. In these ‘reading series’ posts, I will transcribe the underlined sentences (at least until I get fed up :). This way, maybe you get interested, and eventually also read the entire book yourself.

I asked permission, via email, to the Publisher - HarpperColins. As I received no answer, and if you are the publisher and don’t want this positive advertisment :), contact me. If needed, I will of course delete the posts. Thank you.

http://www.harpercollins.com/books/9780060753948/Winning/index.aspx

“WINNING” from Jack Welch - 2. Candor

Tuesday, October 9th, 2007

“…I would call lack of candor the biggest dirty little secret in business.
What a huge problem it is. Lack of candor basically blocks smart ideas, fast action, and good people contributing all the stuff they’ve got. It’s a killer.
When you’ve got candor - and you’ll never completely get it, mind you - everything just operates faster and better.
Now, when I say “lack of candor” here, I’m not talking about malevolent dishonesty. I am talking about how too many people - too often - instinctively don’t express themselves with frankness. They don’t communicate straightforwardly or put forth ideas looking to stimulate real debate. They just don’t open up. Instead they withhold comments or criticism.They keep their mouths shut in order to make people feel better or to avoid conflict,…”

“WINNING” from Jack Welch - 1. Mission and Values

Tuesday, October 9th, 2007

“…The mission announces exactly where you are going, and the values describe the behaviors that will get you there.”

“…an effective mission statement basically answers one question: How do we intend to win in this business?”

“…The question forces companies to delineate their strengths and weaknesses in order to assess where they can profitably play in the competitive landscape.”

“…There could be no doubt about what this mission meant or entailed. It was specific and descriptive, with nothing abstract going on…”

“…Moreover, we harped on the mission constantly, at every meeting large and small. Every decision or initiative was linked to the mission. We publicly rewarded people who drove the mission and let go of people who couldn’t deal with it for whatever reason,…”

“…But setting the mission is top management’s responsibility.”

“…In contrast to the creation of a mission, everyone in the company should have something to say about values.”

“…The actual process of creating values, incidentally, has to be iterative.”

“…The text included imperatives such as ‘Act in a boundaryless fashion - always search for and apply the best ideas regardless of their source” and “Be intolerant of bureaucracy” and “See change for the growth opportunity it brings.”

“…With all the stories I have heard in the past few years from employees in companies around the world, I’m convinced you can not be too specific avout values and their related behaviors.”

“…In the most common scenario, a company’s mission and its values rupture due to the little crisis of daily life in business:…”

“… I am saying your company will not reach anywhere near its full potential if all that is guiding it is a list of pleasant platitudes hanging on the lobby wall.
Look, I realize that defining a good mission and developing the values that support it take time and enormous commitment…”