Errr, I actually have to spend 5 minutes googling how to install make on Windows, then getting mingw and hating myself. So no, no it's really not that simple in general.
(I have no idea whether this will successfully run a C compiler for you on Windows, though. I mostly use it to run Makefiles with phony targets as a cross-platform replacement for shell scripts.)
Why not build a more recent version? This thing is 15 years old!
However I have better things to do than try to figure out how to build GNUstuff myself on Windows.