Review of book 2nd The 8 Rules of Leadership by Jack Welch

BOOK
 The 8 Rules of Leadership by Jack Welch

 Leadership is all about growing others. It's about your team and its welfare. It's about your direct reports and their performance.

Leadership is a tough act. It's a daily balancing act. As a leader, you're expected to use your insight, experience, and rigor to balance the conflicting demands of short- and long-term results.

So, what do leaders do? Does leadership have rules? Former General Electric boss Jack Welch says so in his classic 2009 book Winning, which he wrote with Suzy Welch.

His rules of leadership are as follows:

1. Leaders relentlessly upgrade their team, using every encounter as an opportunity to evaluate, coach, and build self-confidence.

The team with the best players wins--and leaders should expend their energy and time in evaluating, coaching, and building the self-confidence of team members.

"People development," Welch writes, "should be a daily event, integrated into every aspect of your regular goings-on."
 2. Leaders make sure people not only see the vision, but they also live and breathe it.

Good leaders cast the vision of the future and motivate people to buy into it. They constantly talk about their vision and reinforce it with rewards, which may be in the form of a salary, bonus, or significant recognition of some sort.

 3. Leaders get into everyone's skin, exuding positive energy and optimism.

Effective leaders fight the negative forces of life and encourage their teams with a high level of optimism that keeps members upbeat.

 4. Leaders establish trust with candor, transparency, and credit.

Welch decries a situation where leaders hoard information that could benefit direct reports in the performance of their duties. This, he says, drains trust right out of a team. And that, "trust happens when leaders are transparent, candid, and keep their word."

 5. Leaders have the courage to make unpopular decisions and gut calls.

Effective leaders listen to their gut, Welch says, regardless of what team members think.
 6. Leaders probe and push with a curiosity that borders on skepticism, making sure their questions are answered with action.

To get bigger and better solutions, Welch says leaders probe proposals and presentations by asking questions and stirring up a healthy debate.
 7. Leaders inspire risk taking and learning by setting the example.

"Winning companies," Welch writes, "embrace risk-taking and learning." Leaders set the example and encourage team members to experiment without being afraid of making mistakes.

Experimentation is a major key to growth. Make sure your team feels confident in making mistakes.

8. Leaders celebrate

While noting that leaders don't celebrate enough, the former GE boss advocates that leaders make a big deal out of small wins because "celebrating makes people feel like winners and creates an atmosphere of recognition and positive energy.