1. How did General Electrics impact us in today’s world? 2. Give a brief history
ID: 397151 • Letter: 1
Question
1. How did General Electrics impact us in today’s world?
2. Give a brief history of the origination/growth of GE; this should include any relevant societal/historical details or events that played a role in organizational success; (Founders/dates/evolution or change/landmarks)
3. Explanation of the current leadership structure (Show organizational chart) WITH the names of KEY executives in leadership positions
4. Give a Biographical information about Jack Welch
5. Provide a critical analysis of why GE has evolved to needing/having this particular leadership structure, and YOUR analysis of why this Jack Welch fits or does not fit the organization’s needs? Explain what their personality traits are, their leadership behaviors, their personal values and strengths are… as well as any behavioral pre-dispositions
6. Indicate your vision of what the future looks like for GE
Explanation / Answer
Of the 12 firms that constituted the original Dow Jones Industrial Average in 1896, General Electric Company (GE) is the only one still on the list. For more than a century, it has been one of the most successful companies in the world, admired for its products, culture, and series of strong chief executives.
Unwavering nature of GE’s commitment to breaking new ground—in big steps or small, and eventually with services as well as products—a stance that has paid off in “sustained growth, wealth creation and global competitive positioning.”
GE holds large investments in research and development, with an emphasis on “repeated, continuous innovation”.
Steadiness of the company’s leadership, say the authors, who point out that the company has had only 10 chief executives in its long history. Their involvement went beyond allocating funding; each CEO devoted a great deal of attention to the development of new products, services, and processes in a variety of ways.
GE believes in innovation that is actionable & tied directly to corporate processes. VP level or above are directly involved in the company’s innovation processes
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