The document summarizes GE's transformation under the leadership of Jack Welch from 1981 to 2001. It describes how Welch decentralized decision making, cut bureaucracy, and emphasized quality. Key strategies included ranking business units and subjecting the lowest performers to tough choices, setting ambitious goals, and expanding globally. These changes helped GE's revenue double and earnings grow even faster under Welch. The current CEO Jeff Immelt continues emphasis on innovation, customers, and globalization.

1. GE's Two-Decade Transformation : Jack Welch's Leadership A Presentation by - Nayan Bhatia (1711) - Deekshant Kumar (1716) - Sunil Zalke (1761)

2. The GE History Founded:1878 in Menlo Park, New Jersey Founder: Thomas Alva Edison Slogan: we bring good things to life The company was incorporated in 1892 Established an industrial research laboratory in 1900 1930’s- Highly centralized 1950’s- Towards decentralization 1960’s- Profitless Growth 1970’s- Strategic planning systems.

3. Reginald H. Jones(1972-1981) Joined the company's Business Training Course in 1939 In 1972 he became president, then chairman and chief executive officer of General Electric Introduced the new strategic planning systems. 43 SBU’s, 10 groups, 46 divisions & 190 departments The company's sales more than doubled ($10 billion to $22 billion) and earnings grew even faster ($572 million to $1.4 billion ) The Wallstreet Journal proclaimed him a “ MANAGEMENT LEGEND”

4. Jack welch as a person VISIONARY MOTIVATOR CHARISMATIC / TRANSFORMATIONAL LEADER GIFT OF GAB FRAMING RISK TAKER

5. Jack welch as a person (Contd..) Achievement oriented Unconventional behavior Self-confidence Not boasting Agog Ethical Energy

7. BORN OR MADE LEADER ?

9. IDEOLOGIES

10. STRATEGIES LEGITIMATE PLAGIARIGM FIGHT BUREAUCRACY BOUNDARY LESS ORGANISATION LEARN AND AGILE LIKE A SMALL COMPANY SPEED,SIMPLICITY,SELF-CONFIDENCE QUALITY SERVICE GOING GLOBAL LEADER CATEGORIZATION

11. PROCESSES #1 OR #2: FIX,SELL, OR CLOSE DESTAFFING SIX SIGMA STRETCH BEST PRACTICES WORK OUT 360 DEGREE FEEDBACK

12. Effectiveness of Processes Destaffing & Divestiture: (Neutron Jack phase)

13. Effectiveness of Processes (contd…) Work out & Best practices :

14. Effectiveness of Processes (contd…) Globalization:

15. Effectiveness of Processes (contd…) Stretch & other measures:

16. Effectiveness of Processes (contd…) Six Sigma:

17. GE- Present Leader Jeff Immelt is the current chairman of the board and chief executive officer of General Electric. He took over the role on September 7, 2001 New slogan- imagination at work Barron's twice named Mr. Immelt one of the "World's Best CEOs" Mr. Immelt earned a B.A. degree in applied mathematics from Dartmouth College in 1978 and an M.B.A. from Harvard University in 1982 Spends 25 days a year on succession planning and cultivating future GE leaders

18. Current Trends

19. Current Trends Growth as a Process Technology Customers Globalization Commercial excellence Innovation Growth leaders

20. Current Trends (contd…) Ranked ninth on Fortune Magazine's "50 Most Desirable MBA Employers" list. (April 2004) In 2005 GE launched its " Ecomagination " initiative in an attempt to position itself as a "green" company In Fortune Magazine's 2005 "Global Most Admired Companies" list, GE ranked first overall. (February 2005) In Fortune Magazine's 2006 "America's Most Admired Companies" list, GE ranked first overall. (March 2006) Revenue as on 31-3-2006 -$163.391 billion Net Earnings as on 31-3-2006 - $20.829 billion No. of employees (2004) – 315000

21. Evaluation of different Leaders CEO

22. Evaluation of different Leaders (contd…)

23. The prevailing culture in GE Innovation: a place for creating and bringing big ideas to life People attributes: vision, passion and deep sensitivity to the big issues that challenge the world around them Work environment: an invigorating place to work Leadership & learning: developing skills and energizing employees

24. GE’s tribute to Jack welch

25. Our Sources & References Harvard Case Organizational Behavior-Robbins Jack Welch & the GE way. Wikipedia Britanicca, the encyclopedia Fortune magazine www.ge.com Google images