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case study of GE - implemented many best practices followed...

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Group Number : 4 Team members: PVK ARJUN SHIVASHANKAR SHIVAM DUBEY PRATIEK SINGH PRANSHU RANA SIDDHARTH R ANKITH TULSHAN KEERTHANA K RAHUL RAO CASE STUDY ON GE’s Two-Decade Transformation: Jack Welch’s Leadership 1. What is your evaluation of jack Welch’s approach to leading change? How important is he to GE’s success? What are the implications for his replacements? Ans. Jack Welch had an aggressive approach to decisions making. He wanted GE to be lean and agile which he implemented by destaffing, decentralizing and restructuring the organisation. He optimized the human resource of the company by implementing various practices like “work outs” and “best practices”. He considered the recession and economic downturn as an opportunity for GE to go global and was responsible for hundreds of acquisitions in this 20yr tenure. He was open to change and
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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 GE’s revolutionary turnaround. Before his retirement in 2001, Jack Welch laid the foundation for GE’s foray into e-Business despite the qualms surrounding the move. The new CEO would have to burden the responsibility of replicating GE’s financial success’s by strengthening GE’s e-Business initiatives. He would have to continue with Welch’s managerial and organizational innovations. He would have to adopt in his role as CEO to find out new ways to influence GE’s strategy, structure and success....
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