Book report - Jack Welch - Winning Essay Example | Topics and Well Written Essays - 750 words

Book report - Jack Welch - Winning - Essay Example The first section of the book, Underneath It All, uncovers the essence and reason for the founding and creation of any particular company. A business cannot run without the mission/vision statements but if candidly discussed and shared with every member of the organization, reaping the rewards will become more effective. Welch describes the mission statement as an important tool to set the company values in motion. Without a concrete mission formulated by the upper management, the values which motivate and empower the rest of the hierarchy will be lost (Welch, 2005). Values are the driving force behind the mission and they may not prove to be successful if every employee’s input is not included. This step will only reinforce the mission and hold each member of the company accountable to those values. These tools cannot be used effectively without the beauty of open-mindedness. Welch further suggests that candor is one tool which is never fully used because the more it is used, the more it is needed. Enabling a culture of candor in an organization opens several avenues of communication, ideas and frankness pushing the company into the winning position. After defining the boundaries, the company head needs to manage his group according to the beliefs he has imbibed. With this premise, Welch introduces the second section, Your Company, which discusses the principles of hiring and firing, people and crisis management, change and leadership. Being a first-class leader means following the eight rules of leadership with some examples such as confidence-building for the team, positive energy along with optimism and not to let the position get to your head. Managing Human Resources is what distinguishes the successes of companies. Elevating the HR Manager’s position and importance to that of the company’s CFO is the key to effective people management (Welch, 2005). Using what Welch describes as the 4-E (and 1-P) test for a winning team which