Jack Welch's 3Ss of Winning in Business

 

  

 
Jack Welch advice business quotes

The 3Ss of winning in business are
Self-Confidence, Simplicity, and Speed

Jack Welch

GE

 
Simplocity The Power of Simplicity Flat Organization Fast Decision Making Lessons from Jack Welch: Articulate Your Vision Fast To Market Speed Self-Confidence 3Ss of Winning in Business 25 Lessons from Jack Welch  

Just as surely as speed flows from simplicity, simplicity is grounded in self-confidence.

The operative assumption today is that someone, somewhere, has a better idea; and the operative compulsion is to find out who has that better idea, learn it and put into action – fast.

  

 
   

Self-Confidence

 

  

 
 

Benefits

Self-confident people don’t need to wrap themselves in complexity and all that clutter that passes for sophistication in business. Self-confident leaders produce simple plans, speak simply, and propose big clear targets.

  

Confidence

HIGHERsight

Jack Welch's 6 Rules of Leadership

Stretch

  

 
 

Challenges

The root of many of bureaucracy ills is insecurity. Insecurity makes people resist change because they see change only as a threat, never as an opportunity.

  

Get Rid of Bureaucracy

See Change as an Opportunity

  

 
 

Action

  

Corporate Leader

  

 
 

Give people a voice, get them talking and listening to and trusting one another.

Cultivate self-confidence among your leaders by turning them loose, giving them independence and resources, and encouraging them to take big swings.

Provide an atmosphere that affords employees an opportunity to dream, risk, and win – and ultimately earn self-confidence.

  

 
   

Simplicity

 

  

 
 

Benefits

Simplicity is practically an art form with many definitions. To an engineer, it's clean functional designs with fewer parts. It means judging a process not by how sophisticated it is, but how understandable it is to those who must make it work. In marketing it means clear messages and clean proposals to consumers and industrial customers. And, most importantly, on an individual, interpersonal level it takes the form of plain-speaking, directness – honesty.

▪ Simplicity is indispensable to a business leader's most important function: creating and projecting a clear vision.

▪ Simple messages travel faster.

▪ Simple designs reach the market faster.

 

Common Traits of Market Champions

Simplicity

Benefits of Simplicity for Business

80/20 Principle

Emfographics

Exposition

Messageful Images (MesIm)

Leadership

Innovation

  

 
 

Challenges

You can't believe how hard it is for people to be simple, how much they fear being simple.

One of the most difficult things for a manager to do is to reach that all-important threshold of self-confidence in which being simple is comfortable.

  

 
 

Action

Urge everyone in the company to have the courage to be simple.

Create an atmosphere in the organization where people feel not only free, but obliged to demand clarity and purpose from their leaders.

   Entrepreneurial Organization rapid learning course by VadiK

 
   

Speed

 

  

 
 

Benefits

Speed is everything. It is the indispensable ingredient of competitiveness. 
If you're not fast you can't win.

Speed keeps businesses – and people – young. Speed exhilarates and energizes.

  Fast Company Fast Thinking Fast Decision Making Fast to Market Sustaining Speed Anticipating Spotting Trends Brainstorming Letting the Best Idea Win Setting Rules and Guiding Principles Getting Rid of Bureaucracy Constantly Reassessing Past Decisions Launching a Crusade Owning Competitive Advantage Institutionalizing Innovation: Innovation System Simplicity Growth Attitude Managing Creativity Roadmapping Staying Close to the Customer: Customer Partnership Boundarylessness Self-confidence Fast Company Business Process Management System (BPMS) Frequently Switching Responsibilities Fast Company: thinking, quick decision-making, first to market

 
   

Challenges

Bureaucracy is terrified by speed and hates simplicity.

People have to think on their feet.

 

  

 
 

Action

Reduce hierarchical layers to speed communication and get products to markets more quickly.

  

Flat Organization

Eliminate Bureaucracy

  

 
25 Lessons from Jack Welch Managerial Leadership Leadership-Management Synergy Jack Welch success story and quotes Lead Manage Less Articulate Your Vision Simplify Get Less Formal Energize Others Face Reality See Change as an Opportunitiy Get Good Ideas from Everywhere Follow Up Balanced Organization: 5 Basic Elements Get Rid of Bureaucracy Eliminate Boundaries Put Values First Cultivate Leaders Create Learning Culture Harness Your People for Competitive Advantage Involve Everyone Make Everybody a Team Player Stretch Instill Confidence Make Business Fun Strategies of Market Leaders Be Number 1 or Number 2 Live Quality Constantly Focus on Innovation Small Company Ten3 BUSINESS e-COACH: global success Live Speed 25 Lessons from Jack Welch - Great Business Leader  

Decisions at virtually every level should be made in minutes, not days or weeks.

Decisions must be made face-to-face, not memo-to-memo.

Forests of meaningless paper trails and approvals must be eliminated.

Decrease control to increase speed.

  

 

 
 

"Speed, simplicity and self-confidence are closely intertwined. By simplifying the organization and instilling confidence, you create the foundation for an organization that incorporates speed into the fabric of the company." ~ Jack Welch

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