module 6 assignment

module 6 assignment - MODULE 6 GE Group 2 1a Jack Welch...

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MODULE 6: GE Group 2 1a. Jack Welch became a powerful CEO during his tenure at GE. What were his most important sources of power?
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Jack Welch was very aggressive, divisive, and daring. As the former CEO of GE, he is known as one of the most impressive and influential leaders of all time. He had a natural intelligence and great reputation that followed him into every position. Most of Welch’s success comes from his family history of hard work and dedication. His dad often worked 12 hour days, and his mom encouraged Welch to go as far with his education as possible (Corporate Icon Jack Welch). Welch enjoyed making GE the best. He wanted GE to be first or second in every place they did business. His obsession with perfection perhaps even gave him a common reputation of being very impetuous by telling managers that there would be consequences if they didn’t move fast enough. Within seven years of being CEO at GE, Welch let go over 100,000 employees which constituted about 25% of the workforce. Many of his adversaries said this behavior exemplified financial insatiability, superiority and dislike. He also left businesses such as housewares and televisions in favor of investment banking, broadcasting and high-tech manufacturing. While his critics complained, his supporters could not help but notice that shareholders’ returns were reaching an amazing 273% (FORTUNE-GE’s Jack Welch). One of Welch’s primary concerns was to improve the dedicated and hardworking leaders at GE. He invested a considerable amount of time and resources in GE’s Management Development Institute for corporate training. This was one of the most key things to step up and develop the organization to be sturdier, leaner and internationally sound (FORTUNE-GE’s Jack Welch). 1b. Will future CEO's at GE likely have or enjoy equal levels of power?
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At GE Jack Welch was able to attain high levels of power and control within the organization. His successor and future CEO’s of GE will also have the opportunity to meet and even exceed the power Jack wielded. While Jack built the foundation and began to explore other options, his successor will be able to jump right into these new endeavors and take advantage of what he built. Also, when Jack leaves there will be an opportunity for another manager to take GE into new directions that might be more profitable than they currently have. The new CEO can investigate opportunities that were not thoroughly explored by Jack’s,
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This note was uploaded on 01/25/2011 for the course MGMT 735 taught by Professor Vanderhoven during the Fall '10 term at Wisc Whitewater.

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module 6 assignment - MODULE 6 GE Group 2 1a Jack Welch...

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