GEs Two-Decade Transformation

p GE 's Two-Decade Transformation : Jack Welch 's Leadership

Nothing in this world is permanent in this world except change . The story of GE is one the classic examples of retaining leadership through embedding change into its policies and organizational culture . However the journey was not so simple . The track to success was full of obstacles . This is intended to explore the management initiatives of Jack Welch that brought GE to new horizons of success . The essence of the success for GE was its responsiveness to the change that resulted in a

number of theories and best practices that made GE a successful organization

GE has been successful since decades by responding to the changes that occurred in the internal and external environments . This particular feature of GE has made it the benchmark organization for others to follow . This trend is evident in the history of GE , even before Jack Welsh was made the CEO . There are a number of examples supporting this fact . GE has been always been a center of inspiration for other organizations , whether it is practice of centralized management in 1930 's , that of decentralization in later decades or Jone 's strategic management initiatives

The era of Jack Welch is the icon of change management to lead the organization to success . When he took over as the CEO , the external economic environment was under serious depression . This situation demanded a cost cutting policy . He was well aware that in the times of economic recessions , the shaking...