(Abstract) 100 Great Business philosophy: concept 14: building social networks and spreading Company Value

Concept 14 building a social network and spreading Company Value

Regular meetings of important employees in various fields within the company will increase their knowledge, improve their strategies, break boundaries, and improve group productivity. The resulting clearer "transparency" will make it easier for companies to see the strength and weakness of their important areas.

Concept

After the unprecedented restructuring of General Electric in the early 1980s S (including the withdrawal of funds from more than 200 General Electric subsidiaries and large-scale layoffs of about 135,000 people, employees of the company began to listen more intently to their CEO Jack Welch's simple speech on corporate values. After the reorganization, GE greatly weakened the previous bureaucracy and implemented the simple, simple and sincere concept of its chief executive officer and the transparent learning model between departments.

To strengthen this practice, Jack Welch personally took a series of measures, including "Working Together" and holding various "worker conferences"-only a gathering of major management personnel from different functional departments and from different local branches, they openly discuss the company's thorny issues. At the same time, it has also cultivated the leadership ability of the Chief Executive Officer through an open-minded study. As a result, GE's Global Management Team was everywhere throughout 1980s.

People who have been honed by the way CEOs communicate can also instill in others a simple, honest, and transparent learning model between departments. Welch spent most of his social activities at the company's crotonville School, where he said he spent 50% of his time guiding others and learning from others.

Practical application highlights

§ Reduce bureaucracy and increase the transparency and openness of the company.

§ Identify who is the most critical employee in the company, often organize meetings to share their views, propose difficulties, and come up with solutions. Through these meetings, employees are evaluated: who is best at innovation and Problem Discovery, and who is the weakest in this regard?

§ Create a sound social network in your company to quickly spread information and implement ideas. This may include inviting representatives from various departments to attend the meeting. For example, let employees in information technology and marketing gather together to exchange ideas, rather than holding separate meetings for them. This will give them a clear picture of the challenges facing the entire company.

§ Regularly hold meetings for managers around the world to ensure consistency in the company's pioneering spirit and to let people understand how such spirit should be implemented. At the same time, managers around the world are encouraged to engage with employees of business units, so that they can understand the company's initiative spirit.

§ Motivate management personnel to win support from Team members-for example, reward them for their successful implementation of some of the company's pioneering activities based on their performance.

(Abstract) 100 Great Business philosophy: concept 14: building social networks and spreading Company Value