sophisticated. It consists in a strong focus on human potential through executive development to the top ranks of the firm: this performance based meritocracy has made GE a “CEO factory” for the company and for all corporate America. In 2001, Jeff Immelt, the company’s new leader was faced with the problem of how to keep this talent machine humming. ________________________________________ In the last half of the 20th century, four CEOS made GE’s HR management one of the most successful in the
and what better way to strengthen how we operate and work in the world as a responsible corporate c... ... middle of paper ... ...ol of business, some of its content also works externally. GE has trained many S&P 500 executives. I think Jeffrey Immelt, current Chairman, and CEO of General Electric sums it up pretty well when he says, “Our whole system is to educate people for the GE system, not any other company’s [system]. When executives leave the GE bubble, it’s up to them to figure out
Right from the get-go, Jeff Immelt had an uphill battle taking over as CEO of GE. Several factors caused this to be a more difficult time than might otherwise have been. First, he assumed the role on September 7th, and of course a few days later, the United State was attacked. Immediately, he had to deal with GE casualties and donate cash and equipment towards the efforts at the World Trade Center. Second, Immelt came in on the heels of an economy that was cooling from the internet bubble a few
For a company to be successful it is important that it has very good organization. Organization can be defined in many different ways. Bateman and Snell define organizing as assembling and coordinating the human, financial, physical, informational, and other resources needed to achieve goals. Organizing activities include attracting people to the organization, specifying job responsibilities, grouping job into work units, marshaling and allocating resources, and creating conditions so that people
General Electric Presentation On September 7th, 2001, Jeff Immelt, now a 24-year veteran of GE, was appointed Chairman. Four days later, the world changed forever. Over the past twenty minutes we have given you a window into the world of GE under Jack Welch, and now I would like to take you through the past 5 years, and into the new GE under Jeff Immelt, GEs 9th Chairman in its 128 year history. I am sure that everyone has read the recent Fortune article entitled "Tearing up the Jack Welch
Dr. Jeffrey MacDonald's Fight for Innocence Debated as one of the most misrepresented cases in American legal history, Dr. Jeffrey MacDonald still fights for innocence. Contrary to infallible evidence, prosecution intentionally withheld crucial information aiding MacDonald’s alibi. Such ratification included proof of an outside attack that would have played a major role in Jeffrey’s case. Convicted for the murders of his wife and two kids, thirty-four years ago, Dr. MacDonald still endures the
life requires not only a strong culture, but also a clear strategy.GE strategy has 4 points in which it clearly indicates their strategy: • “Be Global”, maintaining a strong local presence in and around the world. • “Drive Innovation” is to focus on R&D and leadership in technology and science. • “Build Relationships” signifies to continually build their relations with customers and partners around the world (because we can’t survive alone). • Need to “Leverage Strengths”, which means using everything
The Data In order to answer the research question, I collected data to define and actualize the variables of interest. The first order of business was to collect data on the dependent variable, CEO total compensation. After selecting thirty-seven of the top Fortune 100 companies and identifying each company’s CEO, I was ready to begin collecting. The Securities and Exchange Commission’s EDGAR system provided a perfect source for the best identification of each CEOs total compensation. Every company
Career Biography of Jack Welch Management guru Jack Welch, former CEO of General Electric, has been instrumental in forming today’s top business management leaders by imparting effective knowledge in leadership management; he is widely credited with transforming GE into a multibillion-dollar conglomerate. I. Jack Welch – Who is the man? A. Biography – 1.Born in Salem, Massachusetts, in 1935. a. Growing up – The family lived in one of the poorer neighborhoods of Salem, Massachusetts