Explain never underestimate the other guy, Operation Management

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Jack Welch, the former CEO of General Electric of 20 years, respected business leader and writer proposes ten fundamental leadership principles (from his 2001 book 'Jack: Straight From The Gut'):

1. There is only one way - the straightway. It sets the tone of the organization.

2. Be open to the best of what everyone, everywhere, has to offer; transfer learning across your organization.

3. Get the right people in the right jobs - it is more important than developing a strategy.

4. An informal atmosphere is a competitive advantage.

5. Make sure everybody counts and everybody knows they count.

6. Legitimate self-confidence is a winner - the true test of self-confidence is the courage to be open.

7. Business has to be fun - celebrations energize an organization.

8. Never underestimate the other guy.

9. Understand where real value is added and put your best people there.

10. Know when to meddle and when to let go - this is pure instinct.

Select several of the principles above and provide some examples (career, family, relationship, etc.). Do you feel the principles listed above are accurate? What would you add to this list?

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