been no doubts that Immelt has been successful in fostering innovation by challenging the usual management-discipline business model that Jack Welch had created. From my analysis‚ I would like to analyze 2 major transformations that Immelt had implemented; Heavy acquisitions and Imagination Breakthrough. Although he brought remarkable achievements to GE through the above-mentioned transformations using his innovative management style‚ there are reasons why I did not choose Immelt as my role model.
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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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com/print/GeMaking-Of-Ceo/10993 1.What philosophy‚ policies‚ and practices have made GE a “CEO factory” as Fortune called it? General Electric (GE) has traditionally had a hands-on approach to talent management. There is a high degree of involvement of the top management in its people policies. There is a top-down approach to human resource policy. Also‚ GE recognized the need to be a strategy focused organization early on. The people policy of GE and its HR systems show a high degree of alignment to its
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Human Resource Policies and Practices 1 © Prentice-Hall Inc. All rights reserved. The Selection Process The most important HR decision is whom to hire Initial Selection Substantive Selection Contingent Selection Applicant receives job offer. 2 © Prentice-Hall Inc. All rights reserved. Applicants who don’t meet basic requirements are rejected. Applicants who meet basic requirements‚ but are less qualified than others‚ are rejected. Applicants who are among best qualified‚ but who fail
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STUDY OF HRM PRACTICES AND ORGANIZATIONAL CULTURE IN SELECTED PRIVATE SECTOR ORGANIZATIONS IN INDIA 1. Executive summary The new economic environment is primarily marked by the freeing of shackles for entrepreneurship and economic growth. The “license system” has been replaced‚ to a great extent‚ by a “market system”. The challenge of Human Resource Management (HRM) practices would be to create an environment of resilience‚ which can accommodate and assimilate successfully changes in systems
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has been experimenting successful business models since its creation‚ and its human resources policy has been considered for a century one of the most sophisticated. It consists in a strong focus on human potential through executive development to the top ranks of the firm: this performance based meritocracy has made GE a “CEO factory” for the company and for all corporate America. In 2001‚ Jeff Immelt‚ the company’s new leader was faced with the problem of how to keep this talent machine humming
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References 9 Appendix A – Biographies 10 Jack Welch 10 Jeff Immelt 11 Appendix B - Stories of Success 12 Story 1 – Jack Welch and Six Sigma 12 Story 2 – Jeff Immelt‚ An Inauspicious Beginning 13 Story 3 – Obama appointed GE CEO Jeffrey Immelt as Head of New Economic team 14 1. Introduction This section would introduce some very brief biographies about Jack Welch (former CEO) and Jeffrey Robert Immelt‚ or Jeff Immelt (the current CEO) of General Electric (GE). GE‚ a dominating
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HR Policies & Employment Legislation Why policies are important Policies serve several important functions: * Communicate values and expectations for how things are done at your organization * Keep the organization in compliance with legislation and provide protection against employment claims * Document and implement best practices appropriate to the organization * Support consistent treatment of staff‚ fairness and transparency * Help management to make decisions that
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HR Manager Questionnaire Introduction In line with a study on Human Resource Practices and Organizational Performance in the Textile and Fashion Industry‚ conducted by Ms Suruchi Mittar‚ a research was done using questionnaires as a media. The questionnaires try to relate the companies’ organizational performance to their attitude and implementation of HR Practices. The 17 interviewed companies were exclusively export houses in the fashion and textile industry with an annual turnover of 20
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SAJMR Spectrum: A Journal of Multidisciplinary Research Vol.1 Issue 9‚ December 2012‚ ISSN 2278‐0637 HUMAN RESOURCES MANAGEMENT PRACTICES IN SMALL AND MEDIUM INDUSTRIES – AN INDIAN EXPERIENCE DR. K. SUNDAR*; P. ASHOK KUMAR** *Associate Professor‚ Commerce Wing‚ DDE‚ Annamalai University‚ Annamalai Nagar‚ Tamil Nadu. **Ph.D Research Scholar‚ Department of Commerce‚ Annamalai University‚ Annamalai Nagar‚ Tamil Nadu. ABSTRACT A study on Human Resources Management was made
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