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This PPT is the final one for my team's presentation for the subject IHRM
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04/08/2023 11:36 AM 1
JACK WELCH & GE PRESENTED BY-
AKILA (03)FARAZ (14)
GEETHA (17)AJAY (42)
JABEZ (43)
04/08/2023 11:36 AM 2
KEY FOCUS…HARDWARE & SOFTWARE PHASEJACK WELCH IN THE PATH OF MAKING GE
GLOBALJACK WELCH & 4Es12 LEADERSHIP LESSONS TO THE WORLDACQUISITIONS & WELCH’S GLOBAL
INITIATIVESGLOBAL IMPACT & REFECTION OF JACK
WELCHDID WE KNOW??PERFORMANCE OF GE UNDER WELCHGLOBAL TRAINING
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JACK WELCH’S VISION
“A decade from now, I would like General Electric to be perceived as a Unique, high-spirited, Entrepreneurial enterprise…the most profitable, highly diversified company on the earth, with world quality leadership in every one of its product lines”. -- Jack Welch
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HARDWARE PHASE
THREE-CIRCLE VISION #1, #2 FIX, CLOSE OR
SELL
DELAYERING DOWNSIZING
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THREE CIRCLE VISION-STEP IN MAKING G.E. A GLOBAL COMPETITOR
CORE BUSINESSES:-LIGHTING-MAJOR APLLIANCES-MOTOR
SERVICE BUSINESSES:
-CREDIT CORPORATION-INFORMATION SERVICES-NUCLEAR SERVICES
HI-TECH BUSINESSES:
-MEDICAL SYSTEMS-INDUSTRIAL ELECTRONICS-AEROSPACE
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#1, #2 (Early 1980s)FIX, CLOSE OR SELLDELAYERINGDOWNSIZING
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SOFTWARE PHASESoft values involve issues related to
morale, values, and communicationPrimary focus -restore confidence to
GE’s ranksCenter of Welch’s software phase was
Work-OutPrimary task -leverage the “bigness” of
GE (its global reach, vast human resources, capital, etc.)
Maintain an environment in which “people can reach their dreams.”
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JACK WELCH IN PATH OF MAKING G.E. GLOBAL
BEST PRACTICEBOUNDARYLESSE-BUSINESSGLOBALIZATION SIX SIGMAWORKOUTNIHDIVESTMENT
JACK WELCH & 4ES
EnergeticEnergizesEdgeExecutes
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12 LEADERSHIP LESSONS TO THE WORLD FROM JACK WELCHLEAD , not MANAGEGET LESS FORMALDon’t tolerate BUREAUCRACY, BLOW it up!
Face REALITY. Stop ASUMINGSIMPLIFY thingsCHANGE- an opportunity, not threat
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CONTD…Lead by ENERGIZING others, not managing by authority
DEFY, not respect traditionDon’t make hierarchy rule, but intellect
Pounce everyday. Don’t move cautiously
Put VALUES first, not numbersDon’t try to manage everything, manage less
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ACQUISITIONS & WELCH’S GLOBAL INITIATIVES
KIDDER PEABODYTIME CARD SCANDALCOMPRESSOR PROBLEM IN REFRIGERATOR
HONEYWELLTHOMSON-CGRRCA
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GLOBAL IMPACT & REFLECTION OF WELCHDIVESTMENT & BEST PRACTICES
STRATEGY ( VERITAS, WIPRO)BOUNDARYLESS (DELL)E-BUSINESS (TCS)SIX SIGMA (DELL)DELAYERING (DELL)WORKOUT ( WIPRO)REWARD (TCS, DELL)
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DID WE KNOW?JACK WELCH AND PETER DRUCKERGE AND PIMSJACK WELCH AND BCG MATRIXJACK WELCH AND MCKINSEY’S
MODEL
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PERFORMANCE OF GE (REVENUE)
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STOCK SPLIT
Year Stock Split Ratio Certificate Date/Pay Date Stock Prices
2000 3-for-1 05-May-00 162
1997 2-for-1 09-May-97 118
1994 2-for-1 13-May-94 99.37
1987 2-for-1 22-May-87 107.5
1983 2-for-1 01-Jun-83 105.12
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SHARE PRICES
01/Ja
n/80
01/Fe
b/81
01/M
ar/8
2
01/A
pr/8
3
01/M
ay/8
4
01/Ju
n/85
01/Ju
l/86
01/A
ug/8
7
01/S
ep/8
8
01/O
ct/8
9
01/N
ov/9
0
01/D
ec/9
1
01/Ja
n/93
01/Fe
b/94
01/M
ar/9
5
01/A
pr/9
6
01/M
ay/9
7
01/Ju
n/98
01/Ju
l/99
01/A
ug/0
0
01/S
ep/0
1
01/O
ct/0
2
01/N
ov/0
3
01/D
ec/0
4
01/Ja
n/06
01/Fe
b/07
01/M
ar/0
8
01/A
pr/0
90
20
40
60
80
100
120
140
160
180
Share Prices
Share Prices
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SHARE VOLUMES
01/Ja
n/80
01/M
ar/8
1
01/M
ay/8
2
01/Ju
l/83
01/S
ep/8
4
01/N
ov/8
5
01/Ja
n/87
01/M
ar/8
8
01/M
ay/8
9
01/Ju
l/90
01/S
ep/9
1
01/N
ov/9
2
01/Ja
n/94
01/M
ar/9
5
01/M
ay/9
6
01/Ju
l/97
01/S
ep/9
8
01/N
ov/9
9
01/Ja
n/01
01/M
ar/0
2
01/M
ay/0
3
01/Ju
l/04
01/S
ep/0
5
01/N
ov/0
6
01/Ja
n/08
01/M
ar/0
90
50000000
100000000
150000000
200000000
250000000
300000000
Share Volumes
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GLOBAL TRAININGAttitude is ‘‘be global or die’’“If you do not control your destiny
someone else will”Welch’s US strategyEach GE business had to be No. 1 or No. 2
in its markets, and if not they had to be ‘‘fixed, closed, or sold’’
He did not see people in the companies he took over in Europe as English, Italian, Swedish, Hungarian, or Russian. He saw them as valued GE employees in a ‘‘boundaryless’’ organization that knew no borders or constraints, whether these were internal or geographical.
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BIBLIOGRAPHY http://www.schulersolutions.com/leade
rship_self_test_answers.html http://money.cnn.com/magazines/fortu
ne/fortune_archive/1989/03/27/7183/index.htm
http://www.ge.com http://money.cnn.com/magazines/fortu
ne/fortune_archive/2001/01/08/294478/index.htm
http://www.cnnmoney.com http://www.nni.nikkei.co.jp/FR/TNKS/T
NKSHM/welch/index.html JUDGMENT by, Noel M. Tichy &
Warren G. Bennis
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THANK YOU…