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Essay / Research Paper Abstract
This 7 page paper discusses the character and leadership traits of Jack Welch, CEO and Chairman of GE. The essay begins with comments about the importance of the 'myth of Jack Welch' and why this myth is so essential in the business world. The writer then discusses Welch's personality followed by his leadership style and traits. The essay includes three outlined lists: Welch's principles for good leadership, his philosophy of management and the values he trained his managers to adopt. Bibliography lists 7 sources.
Page Count:
7 pages (~225 words per page)
File: MM12_PGwlch07.RTF
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Unformatted sample text from the term paper:
was replaceable but Welch "as a central figure in the consciousness of the worlds business community, he is irreplaceable."1 The author goes on to explain that the myth of Jack
Welch is essential to retain in order "to cope with the central contradiction of corporate."2 The contradiction has to do with a balance between conformance to corporate rules and ones
own individuality.3 Welch recreated GE successfully more than once during his tenure and yet, he retained his own individuality through the process.4 In other words, he was truly a corporate
man and, at the same time, his own man. This is the myth of Jack Welch that continues to this day. In his own books, one finds some of the
character traits or personality traits of this CEO who was and continues to be revered. In his review of Welchs book, Straight from the Gut, Bonsignore points out that Welchs
"disdain for protocol, diplomacy, regulators and government in general"5 is clearly evident.6 This was evidenced many times during his tenure as GEs CEO. For example, Welch seemed to think he
could disregard different definitions of monopolization between the U.S. and the EU when he attempted to acquire Honeywell.7 The deal was approved in the U.S. but disapproved in the European
Union and instead of trying to soothe things with the EU Commissioner, Welch was aggressive in his approach.8 The approach did not work. Welch has been described as "larger than
life". . . tireless, brilliant, fearless, ruthless, heartless and sharply focused on making money for GE shareholders."9 Bonsignore went even further; he described Welch as "an endangered species - and
an unforgettable character."10 Many say that Welch "left a legacy of aggressive innovation."11 It may well be that no one else could have saved GE from its problems when Welch
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