Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
Jack Welch
1.
2. JACK WELCHUNGER FOR KNOWLEDGE
PRESENTS
Who is Jack Welch?
Timeline
Role Models
Personality
Behavior
Thoughts on Leadership
Followers
What We Admire
Summary
Question & Answers
WHO IS JACK WELCH?
3. WHO IS JACK WELCH?
Youngest CEO & Chairman of General Electronics (GE) at age 44Rewrote rules to be a profitable & successful companyWorked & played hard, but a respected businessmanLed by a codeNicknamed “Neutron Jack”
4. [BIRTHDAY] November 19, 1935
[BIRTHPLACE] Peabody, Massachusetts
[RAISED] Salem, Massachusetts
UPBRINGING
1957
University of MA.
B.S. Chem. Engineer
1960
University of IL.
MS, PH.D Chem. Engineer
TIMELINE
1960-1968
Chem. Engineer
WORK
5. CAREER
1968-1971
VP & Head GE Plastics
1971-1973
VP of Chem. & Metallurical
1973-1977
Head Strat. Planning
1977-1979
Sr. VP & Head Cons. Prod. &
Service Division
1979-1981
Vice Chairman
1981-2001
Corp. Chair, GE & National CEO
6. 1977
Jr. Achievement Nat. Bus.
Hall of Fame
1999 Fortune
“Manager of the Century”
SEPTEMBER 2001
Steps down as GE Chairman & CEO
Replaced by Jeffrey Immelt
2001
Forbes- 400 Richest Amer.
APRIL 2007
Tried to buy Boston Globe
JUNE 2009
Funded Jack Welch Mang. Institute
7. JULY 2009
Hospitalized for Bacterial Infect.
OCTOBER 2012
Welch resigns from Fortune Magazine.
NOV. 2011
Sells Jack Welch Mang. Institute
8. EXPERIENCES TO SUCCESS
• Boundary less organization
• Listened and helped workers achieve more
• Turned GE to E-Company
• Develop talented people
• Six Sigma
10. • Had the 4 E’s
• Had Passion
• Believed in his visions for GE
• “Kick-ass and take names”
• Avoided and hated bureaucracy
PERSONALITY
11. • The unnecessary had to go
• Followed his vision for GE
• Everyone has to believe to succeed
• Try to get the maximum out of everyone
• Infatuated with women
BEHAVIOR
12. THOUGHTS ON LEADERSHIP
• Change & downsize before its too late
• Get out of the way
• Look outside
• Speed, simplicity, and self-confidence
• Stretch
13. FOLLOWERS
• Raised level of excellence in performance
• Made GE a role model for success
• “You need a talent for simplicity”
• Get the best out of them
14. WHAT WE ADMIRE…
He is not afraid to TAKE
RISKS. Being known as
Neutron jack by cutting
more than 100,000 of
the workforce and still
managing to stay
strong.
He had a VISION of
leading a company to
become one of the
best in the world and
he followed his dream
to achieve his goals.
He’s not afraid to
CHANGE and listen to
others. Accepted
change even if he was
scared. “I was afraid of
the internet... because
I couldn't type.”
He is DETERMINED to
get things done.
PAUL GOERTZ SARA SAN ANTONIO
MARK TALIMAN HIRA WALEED
17. • Borjas, Thomas. "Welch, Jack 1935–." International Directory of Business
Biographies. 2005. Encyclopedia.com. (January 30, 2013).
• http://www.encyclopedia.com/doc/1G2-3448500603.html
• http://www.brainyquote.com/quotes/authors/j/jack_welch.html
• http://www.cnn.com/2012/12/27/us/jack-welch---fast-facts
• http://www.refresher.com/!svbfoures.html
• http://www.callcentres.com.au/GE5_Jack_Welch.htm
• http://www.referenceforbusiness.com/biography/S-Z/Welch-Jack-
1935.html#ixzz2JjKbCZYo
• http://mason.gmu.edu/~vdoherty/Portfolio/Products/jwelch.html
• http://www.referenceforbusiness.com/biography/S-Z/Welch-Jack-1935.html
• https://twitter.com/jack_welch
WORK CITED
Notes de l'éditeur
VIDEO PLAYShttp://youtu.be/klajdpRVbA8
PAUL
MARK CLAIMS THISYoungest CEO & Chairman of General Electronics (GE) at age 44Rewrote rules of being profitable and successful companyHis code: “Don’t be afraid of change, get rid of reluctant managers and bureaucracy, stop managing and start leading.”Jack Welch is a man's man. He works hard and plays just as hard. He's not physically imposing, but his intellect and passion do have a certain appeal with the ladies. It doesn't hurt that he's one of the most respected businessmen in history and that he's got more money than he'll ever know what to do with.His efforts streamlined the company. However, in doing so, over 100,000 GE employees' jobs were terminated, or the employees left when their business unit was either closed or sold. For this, Welch earned the nickname "Neutron Jack" (after the Neutron bomb, which kills people but leaves buildings standing).
SARA CLAIMS TIMELINEUPBRINGING:Raised in Salem, Blue-collar Irish family, only childLearned from his Salem neighborhood, his parents, neighborhood boys, sports.Early age he discovered his love for winning and disdain for losing.1959-1987: married to Carolyn B Osburn1960 - Begins career at GE in the Chemical Development Organization as a chemical engineer.
GE VISION:We would like General Electric to be perceived as a unique, high-spirited, entrepreneurial enterprise, a company known around the world for its unmatched level of excellence. “We want General Electric to be the most profitable, highly diversified company on earth, with world quality leadership in every one of its product lines.”
April 13, 2007 -- Makes a failed attempt - with other investors - to buy the Boston Globe from New York Times Co.June 21, 2009 - Pays more than $2 million for 12% stake in Chancellor University System LLC which delivers online education. The MBA program will become the Jack Welch Management Institute.
November 2011 - Sells the Jack Welch Management Institute to Strayer University for $7 million. The sale is a 70-30 split with Chancellor University; Welch gets the 70%.October 9, 2012 - Welch and wife Suzy resign as Fortune magazine and Reuters' contributors after his controversial tweet regarding the Obama administration and September unemployment data was criticized by Fortune.
SARA CLAIMS THIS SLIDEBenchmarking by Divisions- So each division can learn how the others are successfulE-Company with E-business initiative29 levels of management turned to 6Saved time and money saving GE $2-3Billion annuallyStars top 20% rewarded with bonuses and increase challengeLemons bottom 10% are let go and replacedSix Sigma: Get it right the first time and make sure that what was produced was of the highest quality, with zero defective unitsAwards:Junior Achievement National Business Hall of Fame, 1997; Manager of the 20th Century, Fortune , 1999; 400 Richest Americans, Forbes , 2001–2004.
HIRA CLAIMS THIS SLIDEMOM: After his Hockey team lost a game, he threw a tantrum throwing his hockey stick and pouting. His mom took him to the locker room and stated "If you don't know how to lose, you'll never know how to win. If you don't know this, you shouldn't be playing
HIRA CLAIMS THIS SLIDE4E’s: Positive Energy, Power to Energize others, Edge (Power to make tough decisions), Execution (Ability to get the job done)Final P: Passion for what he was doing, heartfelt, deep, and authentic excitement about work AND their colleagues. Loving to learn and grow.
MARK CLAIMS THISHis Wives: Carolyn B. Osburn (m. 1959–1987) –married 28 years 4 childrenWent their separate ways, jack saw himself as a “babe magnet” Jane Beasley (m. 1989–2003), -LawywerWhile Welch had crafted a prenuptial agreement, Beasley insisted on a ten-year time limit to its applicability, and thus she was able to leave the marriage with an amount believed to be around $180 million out of his $900m. After she discovered the affair he had with SuzySuzy Welch (m. 2004), Senior editor, but forced to resign due to scandals and news reports- age 44 they describe their relationship as “wild and crazy”
HIRA CLAIMS THIS SLIDEhttp://youtu.be/9OjSP1bUA9o
PAULResulted in high revenues making GE a role model for success
PAUL SAYS HIS PARTMARK SAYS HIS PARTHIRA SAYS HER PARTSARA SAYS HER PART
