Book Byte #143 "Winning" by Jack and Suzy Welch

The Ultimate Business How-To Book

📣 Curious Quotes from the Author

“Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.”

“You can look at the situation and feel victimized. Or you can look at it and be excited about conquering the challenges and opportunities it presents.”

“Common mission trap for companies: trying to be all things to all people at all times.”

“Effective people know when to stop assessing and make a tough call, even without total information. Little is worse than a manager who can’t cut bait.”

“Take every opportunity to inject self-confidence into those who have earned it. Use ample praise, the more specific the better.”

“When launching something new, you have to go for it—“playing not to lose” can never be an option.”

“No vision is worth the paper it's printed on unless it is communicated constantly and reinforced with rewards.”

“When you own your choices, you own their consequences.”

“The mission announces exactly where you are going, and the values describe the behaviors that will get you there.”

“When you are a leader, your job is to have all the questions. You have to be incredibly comfortable looking like the dumbest person in the room. Every conversation you have about a decision, a proposal, or a piece of market information has to be filled with you saying, “What if?” and “Why not?” and “How come?”

“IT’S SAID that you can only live life forward and understand it backward.”

“Differentiation favors people who are energetic and extroverted and undervalues people who are shy and introverted, even if they are talented.”

“Underneath, you would surely see that the best care passionately about their people—about their growth and success. And you would see that they themselves are comfortable in their own skins. They’re real, filled with candor and integrity, optimism and humanity.”

📚 Cognition of the Book’s Big Idea:

Successful leaders excel at managing people: they evaluate them using a transparent and fair approach, coach them to grow in their careers, and foster an environment of candor and integrity in which everyone wants to contribute their ideas and improve the way business is done. Get excited about what you're doing, and make sure your team is too.

How should you manage your employees?

Allow thoughts and opinions to flow freely, encouraging candor and giving everyone a voice.
Use the 20-70-10 approach to evaluate and differentiate your employees, and prioritize their management.
Hire selectively and meticulously, and fire transparently and fairly.
To be a good leader, prioritize your people, set a good example, and don't be concerned about popularity.

How should you handle strategy, development, change, and crises?

Your purpose outlines how you intend to win, and your values describe the actions that will bring you there.
The strategy is straightforward: identify a winning move and then assemble the necessary people and processes to put it into action.
Forget rigid annual budgeting; planning should be flexible and motivating.
Get excited about new projects, but proceed with caution when making acquisitions.
Make a case for change, then focus on those who support you and identify those who do not.
Crises will occur; always assume the worst and seek to learn from them.
How do you have a successful career?

Try many occupations until you find one that interests you. To progress your career, offer outstanding outcomes and avoid being a thorn in your boss's side.

🛠️Fixing the Tech Industry

Everyone wants to be successful, and anyone who has been part of a company has known success and also failure. It’s an ever changing world we live in. Disruption is around every corner, it’s a very competitive market.

Success should be seen as profit, yes, but the organizations that put their best effort into taking care of their employees are the ones that the employees will do everything for. They will be productive and focused, just because they know you care for them and that your Business relies on them. Some will always just not care, some will take advantage, but overall, treating humans with respect will always be the right play.

🤝Collaborate with others with this Social Media Prompt:

What can you do to be a better employee and make changes to advance your own career if your current company isn’t helping you?

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Try out the "Think and Grow Rich Challenge" by Russell Brunson and Learn more about the First Self Help Author Napoleon Hill

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