Former CEO of General Electric Jack Welch has declared his intention of giving back to the business community through the establishment of an online business school where they will prepare students to be professionals within the business industry. The programs at his online university will begin at the MBA level and focus on many of the principles pioneered by him and contributed to his success. Through his years of service to the business industry, coupled with his many business seminars, Jack Welch had perfected the art of teaching managers and business executives during his tenure at GE and this is what he hopes to pass onto his students.

Jack Welch Business School an Affordable Solution

As a part of his effort to provide quality educations at an affordable cost, the Jack Welch Management Institute moves away from the stereo type business institutions that charge their students an average of around $100,000 for a MBA degree .
On average, The Jack Welch Management Institute charges around $600 per credit hour. This translates to students receiving an accredited MBA degree for around $20,000. The realization of his dream for a management institute came through the coming together of a group of investors led by Michael Clifford who purchased the ailing Myers University in Cleveland in 2008. These investors hammered out a deal with Welch to establish the Jack Welch Institute of Management based on his management style and philosophy that brought him and general electric to the heights they both attained in society.

The Jack Welch Philosophy

The philosophy promoted by the Jack Welch Institute of Management is based on his relentless appetite for success and a long storied career. While in the capacity of CEO at General Electric, Jack Welsh was never satisfied with his company being at any position other than No1 or 2 in any market they entered.

While at GE, Jack Welch entertained only performing managers as those were underperforming were kindly asked to leave or fired from the organization. He promoted a dynamic and exiting business environment that encouraged his staff to think outside of the box in innovating new products much to the appetite of the consumer.

During his time at General Electric, the company was seen as a factory for progressive managers where many of today’s successful managers contribute their success to the experiences gained at GE under the guidance of Jack Welch. Some of these individuals include James McNerney CEO of Boeing (BA), Robert Nardelli at Chrysler and his successor at GE Jeff Immelt.

Jack Welch Secrete Weapon

Many individuals questioned the viability of an online university with the level of competition within the industry. However, Jack Welch Institute of Management targets working professionals who have the desire for success. His institution has been built around real time events that occur daily in the business sector. One feature is the live streaming of business week that keeps students up to date with opinions of many business leaders. In addition, there are weekly presentations of various financial restructuring, health care plans and other relevant literature. This are combined with the general business subjects that form the base of the MBA program.