World's first CEO Jack Welch dies: 110,000 layoffs in 5 years, defining high human resources standards

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According to CNBC and other media reports, on the evening of March 2, Beijing time, Jack Welch, the former chairman and CEO of General Electric, died at the age of 84. He is the most dazzling business management wizard in the world. In the eyes of the Chinese, except Jobs, he is the most famous American CEO; in the eyes of managers, except Drucker, he is the most famous management master. GE's market value rose to $ 500 billion from $ 13 billion when he took office. Jack Welch is also the world's first CEO. The world's first CEO created a leader-level company. All managers know the SMART principle. SMART is the first letter combination of five English words, which represent: specific, measurable, achievable, realistic and timeline. In the 1980s, Jack Welch optimized GE's internal target management system and directly implemented the SMART principle throughout the company, which caused GE's stock price to rise rapidly and the company to grow rapidly. "The world's first CEO", "Unsurpassable manager", "20th century manager", "The most successful and greatest entrepreneur in contemporary America". These titles accompany Jack Welch's life. Jack Welch was born on November 19, 1935. His father was a conductor at the Boston and Maine Railways, and his mother was a housewife. Welch studied chemical engineering at the University of Massachusetts Amherst and received his Ph.D. from the University of Illinois in 1960. After earning a PhD, he joined General Electric as an engineer in the plastics division of Pittsburgh, Massachusetts. He was promoted to vice president of the department in 1972 and general manager of the department in 1977. In April 1981, at the age of 45, he officially became chairman and CEO, and the youngest chairman and CEO in GE history. Until 2001, Jack Welch retired a few days before the September 11 terrorist attacks. In terms of management innovation, he is the highest tone evangelist of "Six Sigma" management method, so Jack Welch has another nickname, "Six Sigma Jack". Six Sigma is a management strategy proposed by Motorola engineer Bill Smith in 1986. The strategy focuses on setting extremely high goals, collecting data, and analyzing results to reduce defects in products and services and ultimately achieve "zero defects." Jack Welch has been promoting Six Sigma at General Electric since 1996. He asked GE's business leaders to become Six Sigma leaders. To this end, he adjusted the company's bonus plan-. 60% of year-end bonuses depend on profit and 40% depend on the outcome of Six Sigma implementation. Six Sigma is considered "the most important development strategy that GE has never experienced." Three years after the implementation of this management method, GE's core indicators such as sales revenue, profit growth, and liquidity turnover rate have seen double-digit growth. It took Jack Welch 20 years from entering General Electric to turn a bureaucratic company into a dynamic corporate giant and a manufacturing giant into a service industry and e-commerce company. Oriented corporate giant makes 100-year-old GE a true industry leader. In 1999, the magazine "Fortune" awarded him the title of "Manager of the Century". Jeffrey Colvin, editor-in-chief of Fortune magazine, explained the title: "Although he looked like a blitz at the time, he later regretted not moving faster. He said he owns a U.S. business He was afraid to break it. Welch not only did not break it, but also reformed it, doubling its value beyond everyone's expectations.

"In 2001, when Jack Welch announced his resignation as CEO, he delivered a resignation speech within the company. In this speech, he shared ten principles he believes are relevant to the future of the company: integrity is not just about Change in law compliance is also a bad thing. The customer-oriented spirit is a characteristic of a great business. Making full use of large-scale advantages and self-confidence is the most important leadership ability, and it is also a tool for managing the four types of managers. Six Sigma loses the top 20% Talent is the failure of leadership. After the "randomness" of leadership has doubled, harnessing global creativity is a huge competitive advantage. Even today, Jack Welch's ten recommendations are not outdated. As Welch Saying, "You know, we did it" is the secret of his true success. Jack Welch also founded the General Ketoneville School of Management, which gave birth to nearly 140 Fortune 500 CEOs. He was profound Management thought and wise expression have a huge impact on managers in China and the world. He has deep ties with China himself. 2001 With the Chinese version of "Jack Welch's Autobiography" being sold in China, the Chinese manager's pursuit of Welch was not thought of by the retired old man. That year, when China joined the WTO, even more Chinese companies began to look at the world and look for reference systems and management models in the global coordinate system. In June 2004, Jack Welch visited China to participate in the "2004 Jack Welch and China Business Leaders Summit Forum." Weil Qi participated in four forums in Beijing and Shanghai to discuss business management with nearly 2,000 entrepreneurs. A large number of journalists, a large number of reports, and subsequent discussions on these dialogues made Welch's impact on Chinese business management this year. Summit. Zhang Ruimin, Chairman and CEO of Haier Group and Liu Chuanzhi, founder of Lenovo Group, are both fans of Jack Welch. We can imagine how powerful Welch's influence in the field of corporate management. In 2011, Welch again He started his trip to China. Welch talked about the transformation and upgrading of Chinese industry in an exclusive interview with Tencent Finance in Guangzhou. Welch said: "Chinese companies need to learn the methods adopted by South Korea and Japan in the transformation stage to achieve the transformation from product manufacturing to service industries by improving product quality, enhancing innovation capabilities and developing brands. Chinese enterprise managers urgently need to introduce quality management such as Six Sigma and ISO9000 System and make these quality management systems one of the most important tasks for the entire company. "Jack Welch's departure marks the end of an era. The master died, and his spirit lasted forever. Many of his management ideas and professional philosophies are the most valuable asset of all of us and worthy of our lifelong learning. Note: Some content data and pictures come from the Internet and have been hacked or deleted.