Jack Welch - Any Jerk Short-Term Earnings

The ultimate measure of a leader is how well their business unit performs AFTER they are gone.

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Retired Navy submarine Captain David Marquet explains this very well in:

Quote: Any jerk can have short-term earnings. You can squeeze, squeeze, squeeze, and the company sinks five years later. Jack Welch Retired Chairman and CEO of GE.

With the construction industry heading into even bigger talent shortages it is critical that leaders focus on building other leaders.  This must be done at an accelerated rate just for contractors to maintain their market position and profitability.  

Jack Welch discusses this in his memoirs written after he left GE.  

Look at your organizational chart and ask the following: 

  • Who are your strong leaders?  
  • Who are your up-and-coming promising leaders?
  • Who can you trace their development back to?  
  • What training or coaching can you put in place to help your leaders become better people builders?

Evaluate all leaders in your company on the following.  Rate them 0-10 both in today’s demonstrated capabilities AND in what you believe they could be reasonably capable of in 3-5 years.  

  • Building the Projects
  • Building the Business
  • Building the People

Where are your strengths?  Where are your gaps?  

What can you do to leverage those strengths and close those gaps? 




Words of Wisdom for Leading Growth
Develop a clear market strategy and set guiding principles that creates value for your customers and your business. Nurture and promote those on your team that take initiative to aggressively execute strategy while relentlessly following up on details.
PICK SMART Improvements
Contractors will never have enough resources to solve all problems or take advantage of every opportunity they face. There are a couple tools that can be used to align the team around the best utilization of resources:
Cash Flow and the 5Cs of Credit - Capital
The 2nd of the 5Cs of Credit is how much capital you are putting at risk, along with your financial partner. Contractors should design and follow their own capital management policies appropriate for their business.