This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2020/04/09/the-mindsets-of-jack-welch/
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by Ryan Gottfredson, PhD., author of “Success Mindsets: Your Keys to Unlocking Greater Success in Your Life, Work, & Leadership“
Of all organizational leaders, there are few that have had as much success as Jack Welch. Jack Welch is most known for being the CEO of General Electric from 1981-2001. During this tenure, he increased the market value of GE from $14 billion to $410 billion. He was also recognized as Manager of the Century in 1999.
As he recently passed away, it would do us well to identify what made him so successful, and is there a way that current leaders can emulate what made him so successful?
To understand what current leaders could emulate to their advantage, I turn to a popular organizational theory called Upper Echelons Theory. Upper Echelons Theory suggests that direction and success of an organization is based upon what its leaders pay attention to.
So, we may want to ask ourselves: What did Jack Welch pay attention to and focus on?
The way we answer that question is by investigating his mindsets, or the mental lenses that dictated what information he focused on, how he may have interpreted that information, and the overall quality of his decision-making.
There are four specific “success mindsets” that seemed to guide his attention, processing, and decision-making, which led to his effectiveness and success as a leader.
Growth Mindset.
When we possess a growth mindset we believe that we and others can change our abilities, talents, and intelligence. Research over 30 years has led experts to say: “Cultivating a growth mindset could be the single most important thing you ever do to help you achieve success.” This is because when we believe we can learn, grow, and improve, w… Read More
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