Feedback sessions were used to identify ‘high potential’ employees who were then groomed for CEO roles by being made part of a holistic process that required them to succeed in exacting tasks such as doubling sales or turning around a loss making project. The success of this initiative was largely due to a committed top management that monitored the activities and gave constant feedback about the individual’s strengths and development areas. Culture: GE’s strong and tough culture where failure is
Premium Management
11/18/2007 Online Social Networks and E-Commerce Their Threats to Privacy and a Proposal for a New Blanket Privacy Policy and Accountability Infrastructure for Consumer Online Privacy Clarence Lee and Shirley Fung Clarence Lee and Shirley Fung Table of Contents Introduction..........................................................................................................................6 Background...............................................................................
Premium Facebook Social network service
charge? In 1981‚ Jack Welch became the CEO of GE‚ following on the heels of a well-respected leader whom the industry heralded as “CEO of the year” several years in a row. Welch needed to find a strategy for GE to succeed in this economy to avoid being the CEO that broke what Reg Jones had built. In fact‚ when Reg announced his retirement‚ The Wall Street Journal wrote that Jones was a “management legend‚” and that by handing the reins to Welch‚ GE had “replaced a legend with a live wire.” (Bartlett
Premium Leadership Management General Electric
case study of Jack Welch’s two-decade leadership at GE. During his tenure Welch completely transformed the corporate culture of GE from an inefficient bureaucratic organization to a lean and efficient organization. At his departure from GE in 2001‚ the firm had been named Fortune’s “ Most Admired Company” three years in a row. Our analysis will discuss the steps that Welch undertook to complete this transformation. Welsh vision for GE when he was hired as CEO in April 1981‚ was to have
Premium Management
The sociological imagination (SI) has a high degree of relevance to the contemporary workplace. This is underpinned by the basic nature of contemporary workplaces to undertake socialisation to achieve business results (Watson 2010 & Van Kreikenm et al. 2006 ). Clarity will be formed around defining the SI and key examples given of its application. The role of a human resource manager (HRM) will be used to logically develop a supporting argument. Additionally exploration of how the SI goes beyond
Premium Sociology Human resource management
motion pictures. • GE has total asset of worth US$ 797.769 billion as per Company 2008 Balance Sheet. • The company made number of acquisition in previous few years. • Enjoying high revenues and profits. • GE is the fourth most recognized brand in the world. • The ge.com is the 20th domain to have been registered on August 5th 1986. • It has four divisions namely GE Energy Infrastructure‚ GE Technology Infrastructure‚ GE Capital‚ and NBC Universal. • GE is one of the major
Premium General Electric
General Electric General Electric (GE) occupied the eighth spot on Fortune 500’s list of companies at the close of 2013. While number eight was a slide from 2012’s number six GE maintains its position‚ as one of the world’s largest and most influential corporations. Today‚ GE’s operates in over 160 countries and is led by Jeffery Immelt. During 2013 GE reported‚ total revenues approached 147 billion USD and profits around 13.6 billion USD. (CNNMoney‚ 2013). GE appears in textbooks from the third
Premium General Electric Thomas Edison Jack Welch
Imagination is the ability to imagine abstract things without having to understand them before. The ability to imagine something that does not necessarily exist in this complex world. Charles Wright Mills (1959: 11) coined up the term the sociological imagination. And in his book‚ The Sociological Imagination‚ he said that “this quality is the ability to use information and to develop reason in order to achieve lucid summations of what is going on in the world and of what may be happening within
Premium Sociology C. Wright Mills Sociological imagination
enhance societal assets. Did GE in the Welch era fulfill this duty? Could it have done better? What should it have done? I believe that Welch only fulfilled one portion of his corporate social responsibility duty. Financial results for GE show that Welch was very effective in directing a highly profitable company‚ but he did so at the expense of many of the employees of the business. Over the years‚ employees were assigned a ranking system comprised of 1’s‚ 2’s‚ and 3’s. Each year‚ the bottom ten
Premium Corporation Social responsibility Corporate social responsibility
Is Nanotechnology the Next Technological Breakthrough? Automobile revolutionized how people traveled. It increased mobility and economic activity. New employment opportunities arose in areas such as highway construction‚ retail gas sales‚ auto sales‚ food and hospitability. The next technological breakthrough came with the introduction of computers. Starting from 1950’s to date computers evolved from basic computing devices to complex devices‚ which are used to extend human ability in various
Premium Nanotechnology