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GE - Two decades of Transformation under Jack Welch

GE - Two decades of Transformation under Jack Welch

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Published by Purnendu Singh
GE - Two decades of Transformation under Jack Welch
GE - Two decades of Transformation under Jack Welch

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Categories:Types, Business/Law
Published by: Purnendu Singh on Jun 19, 2011
Copyright:Attribution Non-commercial

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12/11/2012

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GE - T
 WO DECADES OF
T
RANSFORMATION UNDER
J
 ACK
ELCH
ByPriyank Sinha(FT11441)Purnendu Singh(FT11442)Rachna Saini(Ft11443)Rahul Jain(FT11444)Rahul raj(FT11445)
 
GE-T
HE
L
EGACY 
Created in 1878 by Thomas A Edison
Developed into highly centralized and tightlycontrolled model by 1930s.
Shift towards decentralization in the 1950s.
Started developing strategic planning system bythe 1960s
Reorganization of GE started by Reg Jones ² 1973
Established 10 groups, 46 divisions and 190 departmentssupported by 43 strategic planning groups.
SBU (Strategic business unit) based structure
 
C
HALLENGES FACED BY
J
 ACK
ELCH IN
1981
.
U
.S economy was in recession
High interest rates and strong dollar futherincreased the problems.
Country·s highest unemployment rate sinceDepression.

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