In this interview Jack Welch, CEO of General Electric, discusses his thoughts on Peter Drucker. What struck Welch during his first meeting with Drucker, was when Drucker asked him, “If you weren’t already in this business, would you enter it today, and if the answer is no, what are you going to do about it?” Welch maintains that this had a profound affect on his early business strategies. He also discusses Drucker’s idea that a leader is like an orchestra conductor who gives people the room for their own ideas and creativity to flourish. He then goes into detail about the importance of global outsourcing, in India in particular. Welch feels that Drucker not only made management a practice, he dignified that practice. He ends by stressing the importance of simplicity in management and how Drucker’s teachings speak to this message.
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