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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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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General Electric is an American conglomerate currently ranked #9 on the Fortune 500 list. The firm operates in four primary business segments; Energy‚ Technology Infrastructure‚ Capital Finance and Consumer / Industrial. Headquartered in Fairfield‚ CT‚ General Electric has grown over the past 122 years into a financial behemoth realizing revenue in excess of $146 billion in 2013. Throughout its existence‚ General Electric has demonstrated an inconsistent record in terms of ethical governance and
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Author’s Biography: Jack Welch started his career with the GE in 1960‚ and in 1981 became the company’s 8th chairman and CEO. During his term‚ GE’s market assets got increased by whopping $400 billion‚ making it most valuable corporation of the world. His honest‚unique style of management and rules became the desired standards in business‚ with his continuous focus on people‚ teamwork‚ and profits. This book answeres most difficult questions people face both on and off during their job.
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Jack Welch’s book Winning offers management philosophy‚ best practices‚ and tips of avoidance through the stories of the former CEO of General Electric. This book is easy to follow and offers great explanations for many of the management challenges sure to face both today’s and tomorrow’s leaders. I found most of the concepts helpful‚ with my main interest falling in the section regard the human capital. A great business is nothing without a great workforce to back it. The key issues covered in this
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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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Jill Ridgley General Electric Strategic Planning During the 1980s General Electric’s Chairman‚ Jack Welch‚ became highly influential and equally controversial in the world of strategic management. Although Welch focused on gaining competitive advantage for his organization‚ he also began downsizing and restructuring GE. GE’s strategic planning and operational efforts began a shift toward Total Quality Management and improving productivity. (WriteWork contributors. “Levels of Planning in Management”
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Globalization at General Electric Why do you think GE has invested so aggressively in foreign expansion? What opportunities is it trying to exploit? General Electric is one the largest industrial conglomerates in America. It has invested so aggressively in foreign expansion is due to the fact that they want to achieve their main goal which was to be number one or two globally in every business in which it participate. They took opportunities to exploit countries which having economic downturn
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fourth most recognised brand in the world. In 2009‚ Forbes has ranked GE as the world’s largest company. At the beginning of the 1980s General Electric determined a goal of increasing its market share. This aim was achieved by acquiring Radio Corporation of America and advanced satellites divisions and disposing of its consumer electronics divisions. This was General Electric’s effective strategic planning that helped to increase the annual income. These are the GE strengths‚ weaknesses‚ opportunities
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Case Study: Immelt and the reinventing of General Electric Posted on July 29‚ 2011by Bruno Mognayie This case study was part of a strategy assignment taken at the SDA Bocconi School of Management. I’d like to thank my fellows Gouri Wagle‚ Felipe dell’Oro‚ Andrea Masina‚ Paolo Cerchiario‚ Ashna Suri-Sasmal and myself for the insights that contributed to put through this work. The issue: In September 2009‚ Ge’s Board of Directors reappointed Jeff Immelt as CEO. My team was asked to prepare a memo
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