Bill Gates' favorite book

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Fortune magazine put him at the top of the “roughest director” rankings

Bill Gates called the book "the most important textbook for anyone who wants to learn to win." It was the book “Winner” by the legendary General Electric CEO Jack Welch.

Since 1973, General Electric has been associated with the name of its well-known director, Jack Welch, and it was in the same year that he became head of the company. In America, such people are called “self-developing individuals”.

During GE’s development, Jack’s name was well known to everyone. His extraordinarily strict style made him very popular. Fortune the magazine put him at the top of the “roughest director” rankings. He even earned the nickname "Neutron Jack" - a neutron bomb that destroys all life. The nickname emerged as a result of personnel policy at GE.

The great reformer has always followed a basic principle: the main pillar of a company is the people, not the product. Every year, it fires 10 percent of its employees. Jack stressed that the company needs qualified staff. Because if they don’t work professionally, they won’t grow and as a result won’t get rich.

Welch developed a scheme to take into account human factors, according to which employees are divided into three categories: enterprising, executive and “lazy”. The last category of employees, Welch said, should be fired without regret. The principle of "getting rid of excess" applies not only to employees, but also to all harmful and inefficient departments of the company.

Jack Welch is widely criticized, and those who have implemented their innovative ideas in their companies are successful. You have to trust this person. During the company’s 44 years of operation, it has managed to make General Electric the most successful company in the world, despite fierce competition.

Discover the practical benefits of Jack Welch’s “Winner” and start reading on vacation!