Leadership By B. & S. Overbaugh Based on the article: “Jack Welch on Leadership” From Leadership Excellence June 2005 www.LeaderExcel.com Jack Welch, Former Chairman and CEO General Electric Author of “Winning” With additional leadership quotes from: woopidoo.com What Is Leadership? Definition : The capacity or ability to lead; Guidance; Direction. Dictionary.com What Is A Leader? Definition : One that leads or guides; One who is in charge or in command of others. Dictionary.com What Quality Makes a Leader? The ability to recognize that it’s not about you, it’s about building a team. It’s all about them. “People are definitely a company’s greatest asset. It doesn't make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps.” – Mary Kay Ash How Does A Good Leader Create And Keep A Good Team ? Pick great talent “In the realm of ideas everything depends on enthusiasm.. in the real world all rests on perseverance.” – Johann Wolfgang von Goethe Nurture the winners – make people feel good about themselves “Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves, it’s amazing what they can accomplish.” – Sam Walton Weed out the losers – when you fire people tell those who stay why the others are gone “Executives owe it to the organization and to their fellow workers not to tolerate nonperforming individuals in important jobs.” – Peter Drucker How Does A Good Leader Communicate? Tell people where they stand “When people can see which direction the leaders are going in it becomes easier to motivate them” – Lakshmi Mittal Give candid feedback “If what you are doing is not moving you towards your goals, then it's moving you away from your goals.” – Brian Tracy Celebrate every milestone “Twenty years and $40 billion. They seem like good round numbers.” – Michael Dell What Qualities Should A Good Leader Show ? Clear Vision “Leaders need to be optimists. Their vision is beyond the present.” – Rudy Giuliani Decisive “The men who have succeeded are the men who have chosen one line and stuck to it.” – Andrew Carnegie Care Deeply “If you want to be successful in a particular field of endeavor, I think perseverance is one of the key qualities.It's very important that you find something that you care about, that you have a deep passion for, because you're going to have to devote a lot of your life to it.” – George Lucas Why Are The Right People Important To Leadership? People drive the things you want to happen. “The organizational architecture is really that a centipede walks on hundred legs and one or two don’t count. So if I lose one or two legs, the process will go on, the organization will go on, the growth will go on.” – Mukesh Ambani Credited Quotes Data Ambani, Mukesh - Chairman and Managing Director of Reliance Industries Limited, India. The Reliance Group of India is one of the largest business houses in the world, and one of the largest in India with annual revenue of $18.8 billion dollars. The groups activities span exploration, production, refining, marketing of oil and gas, polyester, textiles, power, telecom and financial services. Ash, Mary Kay – (1915 – 2001) Founder of Mary Kay Cosmetics, one of the largest beauty products firms in the United States. Carnegie, Andrew - (1835 – 1919) Carnegie made his fortune in the steel industry, controlling the most extensive and complete system of iron and steel industries ever managed by an individual. His great innovation was in the cheap and efficient mass production of steel rails for railroad lines. Dell, Michael - Chairman of the Board of Directors of Dell, the company he founded in 1984 with $1,000 and an unprecedented idea — to build relationships directly with customers. Credited Quotes Data Drucker, Peter - writer, teacher, and consultant specializing in strategy and policy for businesses and social sector organizations. He has consulted with many of the world's largest corporations as well as with nonprofit organizations, small and entrepreneurial companies, and with agencies of the U.S. government. He has also worked with free-world governments such as those of Canada, Japan, and Mexico. Von Goethe, Johann Wolfgang - (1749-1832) German poet, dramatist, novelist, and scientist. One of the great masters of world literature, his genius embraced most fields of human endeavor; his art and thought are epitomized in his great dramatic poem Faust. Giuliani, Rudy – Former Mayor of New York Lucas, George – Noted director and innovator in digital film technologies. Mittal, Lakshmi - Oversees LNM Group, the world's secondlargest steelmaker and is the third richest person in the world. Credited Quotes Data Tracy, Brian – Chairman of Brian Tracy International, a human resource company based in San Diego, California, with affiliates throughout America and in thirty-one countries world-wide. Walton, Sam – (1918-1992) Founder of Wal-Mart Stores Incorpoarted, second richest man in the world at time of death in 1992. Wal-Mart stores now operate in Mexico, Canada, Argentina, Brazil, South Korea, China and Puerto Rico.