Jack welch-Wealth of Business principles

How are you folks? Again to day I would like to discuss few points that Jack Welch told.

1Lead
Managers muddle – leaders inspire. Leaders are people who inspire with clear vision of how things can be done better. "What we are looking for are leaders at every level who can energize, excite and inspire rather than enervate, depress, and control."

2 Manage Less "We are constantly amazed by how much people will do when they are not told what to do by management." In the new knowledge-driven economy, people should make their own decision. Managing less is managing better. Close supervision, control and bureaucracy kill the competitive spirit of the company. "Weak managers are the killers of business; they are the job killers. You can't manage self-confidence into people."

3 Articulate Your Vision"Leaders inspire people with clearvisions of how things can be done better." The best leader do not provide a step-by-step instruction manual for workers. The best leaders are those who come up with new idea, and articulate a vision that inspires others to act.

4 Simplify Keeping things simple is one of the keys to business. "Simple messages travel faster, simpler designs reach the market faster and the elimination of clutter allows faster decision making."


5 Get Less Formal "You must realize now how important it is to maintain the kind of corporate informality that encourages a training class to comfortably challenge the boss's pet ideas."

6 Energize Others Genuine leadership comes from the quality of your vision and your ability to spark others to extraordinary performance.

7 Face RealityFace reality, then act decisively. Mostmistakes that leaders make arise from not being willing to face reality andthen acting on it. Facing reality often means saying and doing things that are not popular, but only by coming to grips with reality would things get better.

8 See Changeas an OpportunityChange is a big part of the reality in business. "Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while... Keeping an eye out for change is both exhilarating and fun."

9 Get Good Ideas from Everywhere New ideas are the lifeblood of business. "The operative assumption today is that someone, somewhere, has a better idea; and the operative compulsion is to find out who has that better idea, learn it, and put it into action - fast."

10 Follow up Follow up on everything. Follow-up is one key measure of success for a business. Your follow-up business strategy will pave the way for your success.

Now tell me aren't these best business rules one should follow.... if you are following fine! if not introspect your self why not?