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Essay / Research Paper Abstract
A 3 page paper based on a Harvard Case study of GE and Jack Welch’s leadership. The writer discusses Welch’s top-down initiatives, reliance on predecessors, strategic dimension, and the importance of strategic planning. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: ME12_PGwlc90.rtf
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Unformatted sample text from the term paper:
methods listed below. Citation styles constantly change, and these examples may not contain the most recent updates.?? TWO DECADES UNDER JACK WELCH Research compiled for The
Paper Store, , September 2010 properly! On September 7, 2001, Jack Welch left his position
as CEO of General Electric. He had been there for two decades and he turned the company around. It was faltering when he took over and flourishing when he left.
He had received many accolades being named "Manager of the Century" by Fortune (Bartlett and Wozny 2005, p. 123). Jones (2001, p. 14) wrote that the man, Welch, was replaceable
but Welch "as a central figure in the consciousness of the worlds business community, he is irreplaceable." To say Welch restructured GE is a grave understatement. He recreated it and
as that Frank Sinatra song goes "he did it his way." He was an autocrat and people, particularly executives and managers feared for their jobs. In fact, Welch recreated GE
more than once during his tenure. Welchs top-down leadership style worked because this historical company was in trouble and the economy was in a downslide when Welch took over. His
first order was "Fix, Sell, or Close" (Bartlett and Wozny 2005, p. 124. This referred to the many businesses within the corporation. They were to be fixed so they were
the first or second in the industry or they would be sold or just closed. Two hundred of their unprofitable businesses were sold. This did two things, it gave GE
cash (more than $11 billion) and it eliminated profit-draining business, making the corporation as a whole more profitable. While Welch was selling off nonprofitable businesses, he was buying profitable
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