Will the legacy live on?

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<namePart>Bennis, Warren G.</namePart>
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<namePart>Sloan, Alfred P.</namePart>
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<abstract displayLabel="Summary">The article analyzes the figure of Alfred P. Sloan, Jr. Sloan invented the concept of the modern corporation; Welch made it work. The question when it comes to Welch is, "How did he do it?" Was it through his oft-publicized strategy of selecting, trusting, and funding the right people and then setting them afloat in a sea of ideas? Or was it through the force of his personality--his preternatural passion, his total dedication to the organization to the exclusion of any private pursuits? In the answer lie the seeds of Welch's legacy. The next generation of CEOs will be quick to emulate the strategy, but not the monomaniacal passion. Nor should they. Tomorrow's leaders, operating in more uncertain times, should seek breadth in their perspectives, openness in their thinking, and roundness in their lives</abstract>
<note type="statement of responsibility">by Warren Bennis</note>
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<text>February 2002 ; p. 95-99</text>
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