GEs two-decade transformation: jack Welch's leadership

Specific strategic actions taken by jack Welch

Recession , high interest rate, strong dollar
1 or 2 (Fix, sell or close) into three circle concept of Vision Five page strategy book Eliminated sectors level Downsizing, destaffing and delayering Increases sales and earnings Focus values, bring change in culture Focus on organizations software Focus on management style such as openness, facing reality etc

 Took to initiatives Work out and best practices provide open forum for employees to share views and improvement of businesses Businesses are global, not companies Focusing on skill set and mindset of employees Held session C Focus on compensation package Developed GEs Crotonville Set ideal leadership profile Leaders can be characterized in four ways Introduced 360 degree feedback process

 Developed boundary less company Introduced the idea of stretch Initiated towards services businesses Six sigma quality intiative Focused on A players leaders with 4 es Introduced E-Business

Comparison of Lack Welch with other CEO

Jack

John

Decentralization Increase productivity High turnover High cultural change Task oriented

Centralized decrease productivity Low turnover Low cultural change People oriented