Winningby Wojciech Adam Koszek ⋅ Oct 25, 2012 ⋅ East Palo Alto, CA
Probably as important for the future leader as "High Output Management". I remember enjoying this book greatly.
High “OMG” factor for me. Price of the book to knowledge “sold” ratio is very high here.
General Electric, or maybe rather Edison General Electric, is a result of successful entrepreneurial skills of Thomas Edison. Given this links to the whole Hill, Ford, Schwab chain, I just couldn’t resist from reading that one.
Welch, in his 20-year CEO career at GE experienced pretty much all possible cases of business success/failure. Starting from needing to close facilities, to drop businesses and stay with only the successful one, to figuring out solutions in crisis situations.
Book has a significant chunk of US economy history. Mention about “work your ass off” strategy in old US days is described in the context of “work/life balance”.
Pretty interesting cases are touched, due to the broad scope of GE products. Anything from home appliances to jet engines.
Development of new jet engine: 10 year effort costing $1B.
Modular MRI–example that 1 successful bright idea can beat great competitors really quickly.
There’s lots of absolute and firm treatment of people, where they’re treated and rewarded very well, when they deliver excellent results.
It felt dry at the beginning, but turned out to be very good and I enjoyed it a lot.