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Immelt is the chief executive officer and chairman of the board of General Electric, US based and one of the world’s biggest conglomerates. General Electric, headquartered in Connecticut operates in the following four segments: Consumer and Industrial, Capital…
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Download file to see previous pages Immelt had big shoes to fill but he has carved a niche for himself through his leadership skills and today is one most influential business leaders in the world.
Immelt before becoming the CEO of GE had held numerous leadership positions in the company. He had served as Vice President and General Manager for different business division of the company. This paper is aimed at understanding and analyzing the leadership, management and motivational skills of Immelt and how he has used it to take GE to new heights. In the process, the different businesses of the company will be described along with the three major challenges Immelt has overcome in running the company since he has became the CEO. His various leadership skills and strategies can be understood while analysing the challenges. Also the impact that Immelt has had on the world through his vision, business and through other areas will be discussed.
When Immelt took over as the CEO he wanted to bring about a cultural revolution in the company. In a company that was process-oriented and hard-driving, he wanted to infuse creativity, bold thinking and hunger for growth into its culture. Also it is to be noted that Immelt took over just a few days before the 9/11 attack, which means that the economic situation in which Immelt started his stint was not an ideal one. It was a great challenge to Immelt to sustain and continue the growth of the company in an era of slow-growth domestic economy, greater global competition and lesser tolerance among investors. In order to achieve his vision of reinventing GE Immelt overcame the following challenges:
In order to change the organizational culture that would focus on innovation and creativity, there needed to be a change in thinking. There was very little that Immelt could do single handed to completely change the company and transform his workforce. Majority of the workforce in the company ...Download file to see next pagesRead More
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