Jack: Straight from the Gut | Jack Welch, John A. Byrne

Jack: Straight from the Gut | Jack Welch, John A. Byrne | Corporate growth strategies

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Jack: Straight fro...

	Jack: Straight from the Gut Jack Welch, John A. Byrne Business Plus, 2003 - 496 pages average customer review:based on 255 reviews view larger image
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highly recommended

In his #1 New York Times bestseller, Jack Welch surveys his brilliant career at General Electric, reveals his personal business philosophy, and discusses his life post-retirement in a new afterword.They called him Neutron Jack. They called him the world's toughest boss. And then Fortune(r) called him "The Manager of the Century." In his 20-year career at the helm of General Electric, Jack Welch defied conventional wisdom and turned an aging behemoth of a corporation into a lean, mean engine of growth and corporate innovation. In this remarkable autobiography--a classic business book and runaway New York Times bestseller now updated with a new afterword--Jack Welch takes us on the rough-and-tumble ride that has been his remarkable life.

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Straight from the guts

Jack Who? People who are in college at this moment might not know the name. Does that really matter? No!

This book is about Jack Welch and his amazing story up the ladder of corporate America. It teaches us about guts, hard work and true dedication. It actually reads like 'Once upon a time in America' featuring Robert de Niro.

As Jack begins his journey with childhood memories, it shows how anyone can achieve great things and have an amazing career. It features hard work and some luck, but most of all the book shows there are no shortcuts. As so many books tell you how you can get that promotion as fast as possible, this story shows no 'dot-com millionaire' or 'america's next top model'. These are all longshots.

If you value a career and are ready to learn from someone who's been there and done that, grab your copy. When you want to succeed in business, it'll take more than just a fancy website... it'll take a lot of guts.

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Corporate growth strategies

What makes an 'A performer'? Jack's years at GE have seen their share of successes, narrow escapes, and missteps along the way - and it is Jack's treatment of the former that makes this an incredibly insightful book to read. You cannot be right all the time, nor should you expect your peers or subordinates to be, but at the same time, it is your role as a leader to identify and cultivate the best performers continuously. Yes, that means letting go of your bottom 10%, every year.

Aside from being an inspiring and educational read, the book also offers a rare glimpse of the corporate growth strategies and acquisitions made by GE - a side of corporate America that is rarely covered and poorly understood outside of the top financial circles.

Highly recommended for any entrepreneur and business owner out there. (Yes, the lessons apply outside of multi-billion dollar corporate context.)

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Straight From The Gut And Straight To The Point

It's very interesting, entertaining and fun to read the autobiography of Jack Welch, the CEO icon of the 80's and 90's. He's very direct, honest and detailed on his professional life while touching sometimes on his personal one. He explains how hard work, wit and a mix of luck made him the man he has become. It's full of General Electric episodes - the good and the bad - which makes it a very compelling read. I highly recommend it.

A Passion for Excellence & Bringing Out the Best in People

Jack Welch's life has been about excellence, winning....and having fun. His autobiography, "Jack: Straight From the Gut", tells how he rose from small town roots to become CEO of General Electric, arguably the greatest corporation in America and the world at the end of the 20th Century. During his life's journey, Welch accomplished more than most ever dream of. He earned a Ph.D. in chemical engineering by the age of 25. During his 20 year tenure as head of GE, company revenues soared from $27 billion in 1981 to $130 billion in 2001. GE's annual growth rate averaged 18.9 percent during this period, and its stock rose a staggering 3,098 percent.

Without any formal management training, Welch worked his way up from "process development specialist" in 1960 to CEO of GE in 1981. His management secret? Welch attributes his success in life and business to living the lessons his mother drilled into him during his youth. She taught him early that he had better face the facts of any tough situation if he was to succeed: "Don't kid yourself. It is the way it is." she would tell him repeatedly. "Grace Welch taught me the value of competition, just as she taught me the pleasure of winning and the need to take defeat in stride,"... "If I have any leadership style, a way of getting the best out of people, I owe it to her," Welch writes.

And getting the best out of people, himself included, is what Jack Welch did best. He was such a great manager largely because he focused on bringing out the best in his employees, making GE into a "people factory". He knew that a business cannot afford to be soft-hearted when it comes to grading and rewarding, or punishing, employees based upon their performance. He knew that the value of a business is primarily the talents, skills, and knowledge of its people. Under Jack Welch, GE changed from bureaucracy to meritocracy - focused on grading its people, rewarding the best, encouraging the middle, and getting rid of the rest. As he writes: "Performance management has been part of everyone's life from the first grade. It starts in grade school with advanced placement. Differentiation applies to football teams, cheerleading squads, and honor societies....There's differentiation for all of us in our first 20 years. Why should it stop in the workplace, where most of our waking hours are spent?"

Welch characterized the traits that made him successful and that he sought in others as "The Four E's": 1. Energy of personality, 2. the Enthusiasm to communicate that energy to others, 3. the Edge to make tough decisions, and 4. the Execution to see those decisions implemented. The Four E's were connected by the "Big P: Passion". Welch's integrity to this vision of employee excellence is seen repeatedly in the book when he promotes unrecognized and unrewarded employees because he saw the four E's and big P in them, where others did not. Most of these individuals went on to become successful upper managers at GE and even CEO's of other large corporations.

Whether being blasted in the media as "Neutron Jack" for laying off thousands of employees while building a state-of-the-art management training center, or executing the buyout of other companies, such as RCA with its NBC network, or implementing a system to share best practices among GE companies world-wide (a concept he termed "boundaryless"), Welch dove into each project with seemingly inexhaustible passion and zeal. He brought the same dedication to implementing each company-wide program he initiated: Globalization, Growing Services, Six Sigma, and E-business. Welch loves what he created at GE. The company definitely became his baby - and he was the heart and soul of GE during his time as CEO.

As an autobiography, Jack Straight from the Gut, is a pleasure to read. Welch's A-type, straight talking personality comes through, with the help of co-author John A. Byrne, in a natural, down-to-earth writing style. Jack Welch's rise from small town Irish immigrant roots to chairman of General Electric is one of the most engaging and inspiring business tales you will ever read. Welch is a late Twentieth Century version of Andrew Carnegie: rising to fame and fortune from a humble background. His life is a confirmation of the American virtues of free enterprise system, with its focus on the values of hard work, integrity, ambition and excellence. Jack Welch is a real life Ayn Rand business hero. Like Howard Roark or John Galt, he struggled across his career, and despite numerous set-backs, he ultimately rose up to create a life of great achievements. Welch sought excellence in himself and those around him. As a result, he drove GE, its thousands of employees, and the American economy to unprecedented levels of productivity and prosperity.

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Listen to what Jack Wech wants to say

I've met Jack Welch in Pasadena few weeks after the book came out. Jack Welch just confirmed his keen intellect," tough" guy fame but he discussed with passion about Six Sigma, one of initiatives he championed together with globalization and e-business. This book though is not the textbook on Welch Style of Management but is a good inside in some of his thinking and approaches. This book is for those who want to listen to what he wants to say.

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