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Totally fair, but I don't see this as being in contradiction to what I said. I did not say Welch invented the theory, or that it started in the '80s. The '80s i
by jonnathanson 13y ago
Totally fair, but I don't see this as being in contradiction to what I said. I did not say Welch invented the theory, or that it started in the '80s. The '80s is roughly when the theory morphed from hot topic to corporate gospel, and Welch was its avatar.
- 127001brewer 13y agoTrue, the part of the article I previously quoted also states: ... the best managers are those who meet expectations. "During the heart of the Jack Welch era," writes Martin, "GE met or beat analysts' forecasts in forty-six of forty-eight quarters between December 31, 1989, and September 30, 2001—a 96 percent hit rate. ... So, you're right, the theory became a hot topic (and eventually into corporate gospel) in the '80s.