GE’S Two-Decade Transformation: Jack Welch’s Leadership Jack Welch finally seemed happy at General Electric’s Annual Meeting in March 1999. Their operating margins were at an all-time high at 16.7% and their revenue exceeded $100 billion. The Financial Times named General Electric two years in a row the "Most Respected Company in the World." For any company this is a huge accomplishment and a great recognition. The Fortune poll voted them the country’s "Most Admired Company." The shareholders
Premium Jack Welch A Great Way to Care General Electric
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
Premium Strategic management Strategy Implementation
GE’s two-Decade Transformation: Jack Welch’s Leadership Regarding Jack Welch’s leadership‚ I think Welch has created a "new model of strategic management". When Jack Welch took office in April 1981 as the new CEO of General Electric‚ he was facing many challenges. First was the expectation and doubt from shareholders. Could Jack create another management legend as Jones did? Where is GE going under Jack’s leadership? The second challenge was GE’s organizationally rigid structure; resistance
Premium Management Strategic management Bureaucracy
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
Premium Management Leadership
Jack Welch September–October 1989 > September–October 1989 Speed‚ Simplicity‚ Self-Confidence: An Interview with Jack Welch An Interview with Jack Welch by Noel Tichy and Ram Charan John F. Welch‚ Jr.‚ chairman and CEO of General Electric‚ leads one of the world’s largest corporations. It is a very different corporation from the one he inherited in 1981. GE is now built around 14 distinct businesses—including aircraft engines‚ medical systems‚ engineering plastics‚ major appliances
Premium Management Leadership General Electric
In the case‚ “The Jack Welch Era at General Electric”‚ indicate that during the period of Jack Welch was a CEO at General Electric from 1981 to 2001‚ the company became remarkable profit. Earnings per share rose from $.46 in 1981 to $1.07 in 2001. GE is a company which has a very long history‚ and Jack Welch was the first working-class person that finally became the famous manager in GE history. He changed and built lots of rules to fulfill his ambition to make the company more wealthy such as eliminated
Premium Management Enron General Electric
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
Premium Management Jack Welch
The Jack Welch Era at General Electric Abstract John Francis “Jack” Welch Jr. was Chairman and Chief Executive Officer of General Electric Company between 1981 and 2001. He was responsible for building a tremendous reputation for his company and the leadership that helped him achieve that. With combination of ruthless focus and contradictory commitment to staff involvement‚ Welsh delivered the growth figures that
Premium Corporate social responsibility Social responsibility General Electric
Welsh Case This particular case discusses whether General Electric fulfilled its Corporate Social Responsibility under the leadership of Jack Welsh or if it just met basic obligations. It also displays the evolving idea of social responsibility in a corporation by contrasting the corporation’s actions during Welsh’s leadership and after Welsh retired. It is shown that Welsh had a classical economic view of social responsibility. General Electric followed a traditional business model while Welsh
Premium Social responsibility Corporate social responsibility Sociological terms
successful cases is that the change process goes through a series of phases that‚ in total‚ usually require a considerable length of time. Skipping steps creates only the illusion of speed and never produces satisfactory results” and “making critical mistakes in any of the phases can have a devastating impact‚ slowing momentum and negating hard-won gains.” (HBR‚ 2007) The positive will be focused on‚ rather than pitfalls‚ for this paper. Kotter summarizes the eight stages in his case study‚ Leading
Premium Change management