Jack Welch – Leadership in the 21st century (extract from “Winning Leadership - a guide to Whitepaper available from www.davidparmenter.com ) the top”. By David Parmenter Where do you start to analyse the leadership traits of Jack Welch. The CEO who took General Electric (GE) from being worth $10billion to $500 billion... He has been successful on many levels‚ as a master of maintaining profitability‚ as a nurturer of talent as well as a writer and speaker. Forbes magazine crowned
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admirable company six times in the past few decades by Fortune‚ General Electric (GE) is obviously a very successful company. However‚ they were caught up in a trap of handing their CEOs a ridiculous amount of money like many other large corporations. According to one article from “Competition Forum” called Executive Compensation: The Case of General Electric by Nwabueze‚ Scott‚ Horak‚ and Chhotu‚ new management came in the form of Jeffrey Immelt in 2003 and changes were made. Instead of continuing with
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Effective Strategic Leadership. Assessment of Jack Welch as a strategic leader (max 10) Responsibility | Assessment | Task | Assessment | Outcome | Assessment | Establish firm economically | 8 | Determine and communicate strategic direction | 10 | Competitive advantage | 10 | Acquire‚ develop and manage resources | 10 | Oversee formulation and implementation of strategies | 10 | Greater value creation | 10 | Establish and manage stakeholders | 8 | Establish balanced control | 7.5 | Higher
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target company we decided on for our financial analysis is General Electric. At first we were looking at Starbucks‚ as it is a rapidly growing multinational corporation‚ but after some research we discovered that the earnings per share growth of Starbucks is 40.2%. Therefore Starbucks did not meet the requirement set at 50% EPS growth to be considered a truly “rapidly growing company”. We then continued our research and were able to find that General Electric has current EPS growth at 59.6%‚ which meets
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challenge Apple such as – Hewlett-Packard‚ Dell‚ Acer‚ and Lenovo accounted for 55% of worldwide market shares. Apple just in 4.2% and get sixth position in worldwide market shares in 2009. * Operating system In 2001‚ Operating system Windows XP from Microsoft became the big hit in last decade. Microsoft already produce another product such as Windows Vista‚ Windows 7‚ and Windows 8 for their last OS product. Apple already develop OS X with sixth version Leopard and already compete with 81% satisfied
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Jack Welch is one person who has been an exception who has not lost his effectiveness in 10 years but rather staying on the job and driving GE to loftier levels of accomplishment for 20 years. The best part is he has made himself a title " An American Icon" This report states his management skills ‚ roles and functions that he has used to bring GE to be one of the most successful company. When Welch became CEO in 1981‚ General Electric‚ GE was voted the best- managed
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GE’s Jeff Immelt: The Voyage from MBA to CEO Jeff Immelt graduated from Harvard MBA and had been recruited to GE on 1982. Immelt greatly impressed Dennis Dammerman‚ the executive overseeing GE’s MBA recruitment. Then‚ Immelt entered on a commercial leadership track that included real work assignments in different GE businesses. After completing the training program‚ Immelt become regional sales manager for GE Plastic in Dallas and responsible for 15 direct reports. In 1987‚ Immelt was tapped
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The MCI’s source of funds has been emission of stocks. Common stocks as IPO of 6M shares and $27.070.000‚00. An issue of 9.600.000‚00 common stock 5 years warrant attached. What have been MCI sources of funds in the past (1972-1983)? What’s your opinion? Around 1972 MCI issued equity and later on time when the company started going well they issued debentures and convertible debentures. The main raison to do that is because equity cost use to be higher. First of all they issued debentures
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General Electric: Imagination at Work Dee Ann Clark‚ Michele Harbin-Williams‚ Sudha Sunkara University of Phoenix ORG/502 Human Relations and Organizational Behavior Jerry Davis October 19‚ 2005 General Electric When one thinks of General Electric (GE) they envision a well diversified‚ elite‚ global corporation. GE employs more than 300‚000 people worldwide and serves customers in 160 countries. GE ’s culture is well defined by its mission‚ vision and values. This company has become
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truly competitive advantage’s elements? Bruce Greenwald and Judd Kahn’s opinion related to Michael Porter’s forces defined that the truly durable competitive advantages arise from industry competitors. It is comes from rivalry among the existing firms. The interaction of supply and demand advantages is the source‚ from the linkage of economies of scale with customer captivity. The competitive advantage of economies of scale depend not on the absolute size of the dominant firm but on size difference
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