Spent the last few nights before hitting the sack reading through
former GE CEO's latest book, Winning. It was easy enough reading but the
values he espoused were insightfully presented in the context of his
experiences. I expected it to be more of a blueprint for running
a corporation but there was unexpected candor about how people need to
figure out what they are really going after, be it money, work-life
balance, or becoming the head honcho.
Several points that stood out:
To get a promotion, you have to deliver surprising results above what
your boss normally expects from you. Say you're an engineer, you
can't just complete your component on time with quality. You have
to actively seek out additional projects, such as putting in new
features or processes that help the team. In many ways, I did
this in my career but didn't see it the way it was explicity spelled
out in the book. I viewed my actions as just doing a great job,
but not as a way to force a promotion. Instead, I would ask
my boss what needs to get done to reach the next level, and when I
delivered and sometimes still didn't get the promotion, I was
frustrated.
Jack Welch points out that if you only deliver the expected, then
you're just "doing your job" and you don't get rewarded with fast
promotions for that.
Another thing he said, "I don't know if it's good or bad, but the world
generally favors people who are energetic and extroverted.
That's also something you learn young, and it's reinforced in school,
at church, at camp, in clubs, and usually at home too..." He goes
on to describe that while not a requirement for success, this helps
tremendously in many aspects of life and career. Again, something
I always implicitly
understood but never thought about explicitly. Back in the high
school days, the intellectual nazi in me would confuse being outgoing
and extroverted with boisterous and juvenile. Later, I came to
see it differently, but seeing it in print really cemented that
realization.
Apparently he's gotten a bunch of flak for touting GE's practice of
differentiation, where people are ranked in the three groups of
20-70-10, the numbers denoting percentile ranking. I see that at our company, but we don't even come close
to GE's candor and transparency of the ranking process and how to move
within it. Welch also mentions people actually do get let go from
the bottom 10 group, whereas at our company, I always felt that the
bottom five percent (BFP) was just an empty threat.
Many other nuggets of goodness included in the book make for
great light reading before bed. If you get a chance, read it and
learn something new and interesting about making it in the corporate world.
|
|
||||||||||||||||||||||||||||||||||
|
About This Blog
Welcome! Here I chronicle the events and thoughts of my days. It started from my time in Silicon Valley leading to my journey to Fontainebleau France and Singapore for b-school. If you just care to read about my experiences with INSEAD, follow the category link. Nowadays I'll be talking about my life in NYC, as well as my post-MBA gig as a management consultant.
Recent Entries
This Month
Month Archive
Login
Search
Legal Notices
This work is licensed under a Creative Commons Attribution - NonCommercial - ShareAlike 2.5 License. |
Following is my review of:
All Work and No Play, Makes Jack Welch... Happy and Rich
Comments
Re: All Work and No Play, Makes Jack Welch... Happy and Rich
by
Mike
on Fri 22 Apr 2005 08:16 PM EDT | Profile | Permanent Link
You gave the book 8 out of 10. What are the 2 that you did not like?
Re: All Work and No Play, Makes Jack Welch... Happy and Rich
by
svjohnny
on Fri 22 Apr 2005 08:46 PM EDT | Profile | Permanent Link
You just don't go around giving 10's for books. I thought the writing style itself was "ok", not spectacular. The 8 is mostly from content and other factors I discussed.
Trackbacks
TrackBack URL: Weblogs that reference this article:
|
Affiliates
Blog Links
Recent Book Reviews
Adsense
|
||||||||||||||||||||||||||||||||



