5 Key Questions Every Manager Must Ask!

 

To get the critical information, a manager must ask five key questions:

1. What does your competitive environment look like?

2. In the last 3 years, what have your competitors done?

3. In the same period, what have you done to them?

4. How might they attack you in the future?

5. What are your plans to leapfrog them?

 

- Jack Welch on the Importance of Critical Information

The Importance of Information Availability

I operate on a very simple belief about business. If there are six of us in a room and we all get the same facts, in most cases the six of us will reach roughly the same conclusion.

The problem is, we don’t get the same information. We each get different pieces. Business isn’t complicated. The complications arise when people are cut off from information they need.

People always overestimate how complex business is. This isn’t rocket science. We’ve chosen one of the world’s simplest professions.

- Jack Welch on the importance of proper availability of correct information within business contexts.

 

 

Macro Management

Manage Less

Teach your managers to manage less, even though their training may be to manage more. 

 

Instill Confidence

Treat employees with respect and build their confidence. 

 

Get Out Of The Way

Employees do not need constant supervision. You already did a lot of effort in hiring the best possible employees, and trained them to the best of your ability. Let them do their jobs. You will be surprised at the results. 

 

Emphasize Vision, Not Supervision

Managing less lets managers think big thoughts and come up with new ideas to benefit the business. 

 

- Jack Welch on Macro Management

Jack Welch on the benefits of Lean Organizations!

As we became leaner, we found ourselves communicating better, with fewer interpreters and fewer filters.

We found that with fewer layers we had wider spans of management.

We weren’t managing better. We were managing less, and that was better.

- Jack Welch on the benefits of Lean Organizations

Jack Welch Rules On Business Reality!

 

·       Face Reality. Business leaders who avoid reality are doomed to failure.

·       Act on Reality Quickly! Those who truly face reality can’t stop there. They must adapt their business strategies to reflect that reality, and they must do so quickly.

·       Turn Your Business Around. Stick your head in the sand, says Welch, and you will fail. Face reality, and you may turn a bad situation into a great one.