Newsweek just came out with an Exclusive Excerpt of Jack Welch's 2nd try of a book to match his legend. Maybe this time, he actually got it.

8 universal managerial principles etched from his decades of experience in one of the best, largest, most respected companies on the earth. (FYI - as last week GE retook the "largest company in the world" title back from Exxon-Mobile. Those oil prices are crazy)

For the next 8 days, let's think through one principle at a time with an eye towards how we can apply it to our hospitals.

Welch's 8:
1. Leaders relentlessly upgrade their team, using every encounter as an opportunity to evaluate, coach, and build self-confidence
2. Leaders make sure people not only see the vision, they live and breathe it.
3. Leaders get into everyone's skin, exuding positive energy and optimism
4. Leaders establish trust with candor, transparency, and credit.
5. Leaders have the courage to make unpopular decisions and gut calls.
6. Leaders probe and push with a curiosity that borders on skepticism, making sure their questions are answered with action.
7. Leaders inspire risk taking and learning by setting the example.
8. Leaders celebrate.