Jack Welch's business gospel is given an overhaul

Jack Welch is the business guru's business guru. But his rules need rethinking in today's globalised economy.

Jack Welch is the business gurus' business guru. The management principles he espoused during his transformation of General Electric in the 1980s from underperforming behemoth to moneymaking machine have become business gospel; he was the ultimate star chief executive. But according to Fortune's Betsy Morris, the thinking that defined Welch and his era needs revising in today's globalised economy. Fortune's suggestions include the following:

Old rule: big dogs own the streetNew rule: agile is best

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.