Control your own destiny or someone else will.
Jack Welch, the chairman and CEO of General Electric from 1981 to 2001, is renowned for creating a world-class organization through his disciplined approach to management, intuitive decision-making, and ability to bring out the absolute best in his team. His innovative business ideas took GE from a market worth of $14 billion in 1981 to $410 billion in 2001, making it the most valuable company in the world.
Many of Welch's concepts for running a successful business can have an equally profound impact when applied to your personal choices. After all, you're the CEO of your life; think of it as You, Inc.
To achieve success in all aspects of your life, run it like a Fortune 500 company. For example, have an operational plan that drives your key decisions, day-to-day interactions, and selection of team members. Without a clear focus on goals, you'll make poor decisions that lead to frustration and unhappiness.
Like a corporation, you're split into divisions. You have a personal life, which includes friends and family. You have a business life, which generates your income. You have a leisure life, which includes your hobbies. And you have a spiritual life, which keeps you centered. Each division has its own set of operating procedures.
A key reason for Jack Welch's success was his ability to keep each corporate division focused on his overall vision for the ...