Apach_final_1018_11B.ppt

“GE has set a standard of candor. There is no puffery. … There isn’t an ounce of denial in the place.” —Kevin Sharer, CEO Amgen, on the “GE mystique” (Fortune) “Ninety percent of what we call ‘management’ consists of making it difficult for people to get things done.” – Peter Drucker From “1, 2 or you’re out”  [Jack Welch/GE/1st or 2nd in market share or sell it/close it] to … “Best Talent in each industry segment to build best proprietary intangibles” [Ed Michaels]Source: Ed Michaels, War for Talent “I can’t tell you how many times we passed up hotshots for guys we thought were better people, and watched our guys do a lot better than the big names, not just in the classroom, but on the field—and, naturally, after they graduated, too. Again and again, the blue chips faded out, and our little up-and-comers clawed their way to all-conference and All-America teams.” —Bo Schembechler (and John Bacon), “Recruit for Character,” Bo’s Lasting Lessons Promotion Decisions“life and death decisions”Source: Peter Drucker, The Practice of Management Les Wexner: From sweaters to people! “In most companies, the Talent Review Process is a farce. At GE, Jack Welch and his two top HR people visit each division for a day. They review the top 20 to 50 people by name. They talk about Talent Pool strengthening issues. The Talent Review Process is a contact sport at GE; it has the intensity and the importance of the budget process at most companies.” —Ed Michaels, War for Talent Evaluating people = #1 differentiatorSource: Jack Welch/Jeff Immelt on GE’s #1 strategic skill (!!!!) Joe J. Jones 1942 – 2010 Net Worth$21,543,672.48 “To develop others, start with yourself.” —Marshall Goldsmith “How can a high-level leader like _____ be so out of touch with the truth about himself? It’s more common than you would imagine. In fact, the higher up the ladder a leader climbs, the less accurate his self-assessment is likely to be. The problem is an acute lack of fee