Jack Welch and His Management at GE. Term Paper

Open, View, and/or
Download this Document

Total Length: 611 words ( 2 double-spaced pages)

Total Sources: 1+

Page 1 of 2

Jack Welch and his management at GE. Specifically, it will include some of the changes Jack Welch brought to GE. Jack Welch transformed General Electric Corporation (GE) from a mostly American company that was losing money in many areas to a global corporation that is one of the most admired in the world. Welch brought a variety of changes to the organization, and reinvented how many companies do business.

Jack Welch was the Chairman and CEO of General Electric Corporation from 1981 to his retirement in 2001, and he brought sweeping changes to the company and to business in general. "Under Welch's leadership, GE rose to be ranked No. 1 among the world's most valuable companies based on a combination of revenues, profits, market value, and assets" (Strohmeier 16). When Welch took over as Chairman in 1981, General Electric was facing many crises in its operations. Many of the company's divisions were not making a profit, and their business had not globalized, most of their markets were still domestic.

Stuck Writing Your "Jack Welch and His Management at GE." Term Paper?

View All Our Example Jack Welch and His Management at GE. Term Paper

Have A Custom Example Essay Written

One of the changes Welch brought to the company has been termed "reengineering," which simply meant Welch was continually restructuring the organization. Business people respected him, but employees feared him because he was also continually downsizing the organization. Staff called him "Neutron Jack" because he continually "vaporized" the staff (Strohmeier 16). In fact, he required management to "lose" 10% of the bottom performers in their staff every year. (Many of these people were redeployed, but the stigma of being in the "bottom 10" often stayed with them throughout their careers.) Many employees hated Welch for eliminated over 180,000 jobs, but his concept of reengineering is now accepted and applauded in the business world.

While Welch downsized employees and sold off non-profitable subsidiaries, he also nurtured his management, especially by including them in the decision….....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Jack Welch And His Management At GE " (2003, July 26) Retrieved June 17, 2024, from
https://www.aceyourpaper.com/essays/jack-welch-management-ge-153257

Latest MLA Format (8th edition)

Copy Reference
"Jack Welch And His Management At GE " 26 July 2003. Web.17 June. 2024. <
https://www.aceyourpaper.com/essays/jack-welch-management-ge-153257>

Latest Chicago Format (16th edition)

Copy Reference
"Jack Welch And His Management At GE ", 26 July 2003, Accessed.17 June. 2024,
https://www.aceyourpaper.com/essays/jack-welch-management-ge-153257
   

Open, View, and/or
Download this Document
order custom essay example