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Unformatted text preview: implemented many best practices followed by other industries. He implemented four strategic initiatives starting with globalization, entering the service industry, adopting Six Sigma practices and testing waters in e-Business. Considering all the above factors Jack Welch was THE MAN behind GEs revolutionary turnaround. Before his retirement in 2001, Jack Welch laid the foundation for GEs foray into e-Business despite the qualms surrounding the move. The new CEO would have to burden the responsibility of replicating GEs financial successs by strengthening GEs e-Business initiatives. He would have to continue with Welchs managerial and organizational innovations. He would have to adopt in his role as CEO to find out new ways to influence GEs strategy, structure and success....
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- Spring '11