A (long) while ago, I finished reading Jack Welch’s new book, Winning. I picked it up because just about everyone at work was reading it and a bunch of changes at work were directly inspired by Welch’s writing.
In his book, Welch starts with his own management techniques, things like candor, differentiation, and inclusion. Then he talks about organization issues, like hiring. From there he talks about strategy, M&A, competition, and then some odds and ends. The book is very conversational and reads quickly. And, though most business books are extremely repetitive, Winning isn’t.
Overall though, I didn’t feel that there were all that many new ideas in the book. Though, it may be that the other books “borrowed” ideas from Welch in the first place. :-)
The book was also a bit Pollyanna-ish and self-serving. Yes, Welch’s tenure at GE was legendary, and a lot of credit is due for that. But, I would think that he would have spent more time talking about the people that helped make his track record so good.
Welch also seems to think that management is the most important part of a company. It’s obviously really important; especially in organizations where leaders can only be effective with organizational authority (which is probably most companies). But it’s important to remember that the workers actually do the work.
I feel that the management methods and tactics in the book are great as long as you have good managers. Once that is no longer the case, all bets are off. After all, A’s hire A’s, but B’s hire C’s, and D’s. And once you get one B in the org, it goes downhill.
I said earlier that the book was a little Pollyanna-ish; I wanted to hear more about what needs to be done in an imperfect scenario. For example, if the people in charge of product differentiation for resource allocation don’t have business sense, how is this recognized and fixed?
But, it’s definitely a must-read. After Welch was highly successful in his career, and his writing and speeches strongly influence what today’s leaders are doing. So, if you want to be in the know, you need to read. :-)