How To Use The Welch Grid In Your Business
In this episode, Matt and Rick define the "Welch Grid" from Jack Welch, former CEO of General Electric, author and business leader, and how to apply it in your business. This is a simple exercise that will provide you with great insight into how to evaluate your teams. → Learn more at → http://bit.ly/alloy_franchise
Alloy Personal Training Business · Rick Mayo, Matt Helland
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Show Notes
In this episode, Matt and Rick define the "Welch Grid" from Jack Welch, former CEO of General Electric, author and business leader, and how to apply it in your business.
This is a simple exercise that will provide you with great insight into how to evaluate your teams.
According to Jack, the greatest asset in business is your team. And as a leader, you should invest a lot of time evaluating your team and placing each individual in the right place. He believed that companies that win are those that build the strongest teams.
"You build the best team; you win" Jack Welch
He classified his team members into four categories.
- Superstars
- Do-gooders
- Terrorists
- WTF/ Deadwood
This classification then informed decisions on placement, hiring, promotions, and firing.
Tune in to learn more about the Welch Grid and how you can apply it in your business.
Key Takeaways
- The Welch Grid (01:51)
- Who are the rock stars in your team (03:01)
- The do-gooders (04:58)
- The terrorists (06:53)
- The WTF/deadwood (10:03)
Additional Resources:
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