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Date Submitted: 10/30/2013 07:16 AM
Analysis of Famous Leaders:
The Rise of Jack Welch & the GE way
Submitted by: Mohammad Al Marzooqi
17th April 2011
Table of Contents
Introduction 4
Early Life: Leadership Traits 6
Resistance to Change & Conflict Resolution 9
The Work Out concept 12
Jack Welch’s Leadership Style 14
Candor and Differentiation 15
Six Sigma 17
Critics: Neutron Jack 18
Conclusion 19
References 21
Appendix 22
GE’s Performance graphs through the 1980’s 22
The Human Story – in numbers 23
Abstract
When Jack Welch took to the helm as Chairman and CEO of General Electric Corporation (GE) in 1981, the company underwent a period of radical change. He streamlined operations, acquired new businesses and divested from those that GE could not dominate. His vision was to have each unit under the GE umbrella become the best in class, and he was successful. In fact, so successful that by the time he retired in 2001, GE’s market capitalization rose from $13 Billion to over $400 Billion and Fortune Magazine dubbed him the “Manager of the Century”.
He was able to do all this through the use of goal setting, empowerment and communication - taking a sleeping giant and transforming it into a global powerhouse with a reputation synonymous with efficiency, innovation and leadership.
The purpose of this report is to use concepts and theories learned from the textbook and class discussions to analyze the leadership style of a well-known business leader. This report will guide you through the rise of Jack Welch, his leadership, his critics and the legacy of “the GE way” that has made the General Electric Corporation (GE) one of the world’s most successful companies of our time.
Introduction
“This is the culture we’re going to have and these are the behaviors we’re going to reward”
- Jack Welch
Organizational change is the movement from a current state, usually brought about by external (social, political, economical or technological)...