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Essay / Research Paper Abstract
A 5 page paper that presents two sections. The writer discusses Jack Welch’s traits and leadership style in the first section. The second section reports the student’s self-analysis and what traits are shared with Welch. Bibliography lists 7 sources.
Page Count:
5 pages (~225 words per page)
File: ME12_PGwlslay.rtf
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Unformatted sample text from the term paper:
authors suggest Welch has become a myth. Jones (2001) wrote that Jack Welch, the man, could be replaced but Welch "as a central figure in the consciousness of the worlds
business community, ... is irreplaceable" (Jones, 2001, p. 14). The author explains that the myth of Jack Welch is essential in order "to cope with the central contradiction of corporate"
(Jones, 2001, p. 14) and the contradiction has to do with achieving a balance between conforming to corporate rules and ones own individual style (Jones, 2001). Jack Welch managed to
achieve that balance. Welch recreated GE more than once during his tenure as CEO. Through it all, he retained his own individuality. This was evidenced by those who observed
him in action and by his own words and reports after leaving GE. The myth continues to this day. Welch began his career with GE in 1960 and was appointed
CEO and Chairman in 1981. At that time, GE was floundering. This truly American corporation was in trouble. Its market value was $12 billion but by the time Jack Welch
retired in 1998, GE had a market value of $280 billion (Byrne, 1998). Welch brought sweeping changes to the company and to every aspect of its operations beginning with laying
off 20 percent of its employees and eliminating layers of bureaucracy. He developed an initiative to eliminate bureaucracy called "Work-Out" He also sold off 70 of GEs companies because they
were not performing. He had foresight and just knew that it was telecommunication and service companies that were the wave of the future so he began acquiring them (Lewis, 2001).
By 1984, Fortune magazine referred to Welch as the toughest boss in America (Lewis, 2001). He got a nickname in the company as Neutron Jack because being around him was
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