Post by Fudan MBA Program

Legacy of Jack Welch Jack Welch, the legendary chairman and CEO of General Electric (GE) from 1981 – 2001 died of renal failure at his home in Manhattan on March 1st, aged 84. He increased market value of GE from $14 billion to $410 billion under his leadership and the company’s revenue jumped nearly fivefold to $130 billion. Fortune magazine honored him the “Manager of the Century”. In memory of this great and controversial businessman, Professor Su Yong, Head of Department of Business Administration, Fudan University School of Management, retold stories of Welch’s management practice and achievements, and chose three of his management concepts to share with the readers. 1.Highlight corporate mission and values, and always stick to them. 2.Simplify the complications and standardize the simple things. 3.Doing business is the process of seeking solutions in line with the reality of the corporate and building mutual trust in the team. #MBA #management #Fudanmba