Sunday, June 17, 2012

Top Insight into Business Management & Strategy

June 2012 Book Review

Jack Welch’s summary of management and business strategy should find its rightful place on the shelves of anyone with a desire to succeed not matter what point you are at in your career.  He covers everything from mission statements, values, candor, leadership, management, hiring, and change to strategy, budgeting, developing organic growth, and career development.  I mean, he even has a chapter on how to handle bad bosses.  I suspect different portions would have greater relevance depending on where you are in your career.  His wealth of experience brings his perspective to life through simple and candid examples.
Here are a few of the better quotes from the book:
“A mission cannot, and must not, be delegated to anyone except the people ultimately held accountable for it.”
“Lack of candor basically blocks smart ideas, fast action, and good people contributing all the stuff they’ve got.  It’s a killer.”
“But the fact is protecting underperformers always backfires.  First of all, by not carrying their weight, they make the pie smaller for everyone.”
“In bad times, leaders take responsibility for what’s gone wrong.  In good times, they generously pass around the praise.”
“Being able to execute is a special and distinct skill.  People who can execute know that winning is about results.”
“Every person you hire has to have integrity, intelligence, and maturity.  Once you’ve got those, look hard for people with the four Es and passion.  Beyond that, at the senior level, look for authenticity, foresight, the willingness to draw on others for advice, and resilience.”
“Good people never think they have reached the top of their game.  But they’re dying to get there!”
(One organic growth) “Spend plenty up front, and put the best, hungriest, and most passionate people in leadership roles.”

The Fightin' Analyst Book Rating:

out of five stars