Jack WelchMay 27th, 2016 | By Editorial Staff | Category: Jack Schrock's Blog
He was a superstar, growing General Electric worth from 12 billion to 280 billion $$ during his time as CEO. Here’s my take away from studying Jack Welch. He always wanted his businesses to be either number one or two and couldn’t tolerate laziness or waste. He rewarded the producers and eliminated the loafers. He strongly believed in diversity and was always on the lookout for new opportunities.
The late Donnie Cruse and I met with GE/Minneapolis regarding providing WreckMaster field service support for GE’s large fleet of leased trucks (diversity). The GE spokesman took the time to introduce us to their existing service operation which consisted of a room full of diesel mechanics taking phone calls from their customers. Added to that was a computer file of hundreds of qualified service providers scattered across the country. He then asked us for a location to test their capability and I suggested remote St Jon, NM and in less than a second multiple service providers were displayed.
We all don’t have the financial resources of a Jack Welch but we can all be focused, aggressive and highly successful like him. Remember, you only have to stand two inches taller to be above the crowd.