As an unabashed fan of Jack Welch I have one essential disagreement: I don’t believe in management. I have never met anyone who managed that could not be made better being led. No one wants to be managed.
Welch made a name for himself by building and leading his team at GE for over 20 years. He has written several bestselling books on management and recently founded the Jack Welch Management Institute, an online MBA program. At the conference, he shared some of his management tips. Here are our favorites:
1. Tell your employees where they stand. Welch advocates frequent, candid performance reviews. Or in his words, “You have no right to be a leader if someone who works for you doesn’t know where they stand.”
Four times a year at GE, Welch gave each of his direct reports an honest appraisal. He told each of them what he liked about their work and what they could do to improve.
2. Hire generous leaders. When Welch assesses a leader, he looks for people who want to see others succeed. “Every good leader I know has a generosity gene,” he says, meaning that they’re excited to give a raise or suggest their best employee for a better opportunity on another team. “They like to see people win.”
4. Critique yourself honestly. Leaders at the top of the food chain are rarely evaluated, so Welch says that critique has to come from within. “You’ve got to look in the mirror every morning and be totally self-effacing,” he says. “Give yourself a critical review.”
5. Give employees a reason to choose you. When you aim to inspire company loyalty, you are essentially courting your employees. You need to paint a picture of how their future will be better if they stay with you. “You want your employees to feel like they are part of the company,” Welch says. “Tell them a story that makes them want to choose you.”
Jim is president of InnoThink Group a human resources and leadership management consulting firm. He has an absolute passion for people development and are constantly refining and adapting his programs in order to ensure that they have the maximum impact on those we serve. – See more at: http://innothinkgroup.com/our-leadership.html