Case Study on "Strategic Analysis on aGE Two Decade Transformation"
Case Study 5 pages (1459 words) Sources: 0
[EXCERPT] . . . .
Strategic Analysis of GEWhat is Welch's objective in the series of initiatives he launched in the late 1980s and early 1990s (Hint: Is there a logic or rationale supporting this change process)?
Jack Welch's objective was to make GE more customer-centric while also removing all barriers that got in the way of being as efficient, profitable and focused on innovation as possible. While making significant shifts in corporate strategy, Jack Welch was also hard at work infusing meaning, enthusiasm, energy and commitment within the culture.
Jack Welch realized that for GE to survive in the turbulent times of the 1980s and 1990s it would need to take a drastically different approach to managing its entire portfolio of divisions and businesses. The corporate strategy at GE had long been known as conservative and conflict-averse, not open to new ideas and worst of all, ignoring customers and their needs.
To change all of these dynamics in the company, Jack Welch created over a dozen initiatives. One of his first and most significant was being #1 or #2 in a given market or industry, or either fixing, selling or closing a business. This had immediate effects on profitability and focus within GE and is credited with setting the foundation for the strong success of his lean manufacturing initiatives and Six Sigma analysis of performance. Another benefit of pursuing the first or second leadership positions in a market is that it forced GE to be more efficient with regard to its own hierarchy and management layers. He trimmed management layers from nine to four and was able to grow operating profits from $1.6B to $2.4B in just four years while
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How does such a large, complex diversified conglomerate defy the critics and continue to grow so profitably (Hint: How have Welch's various initiatives added value?)
By first concentrating on measuring the impact of all strategies, initiatives and programs from the customers' perspective, GE's senior management teams and Jack Welch re-engineered the value chain of the company, concentrating on the creation and strengthening of economies of scope within each business unit or division. This represented a significant shift in operating philosophy and a re-aligning suppliers, production, quality management and distribution systems and platforms. The shift towards greater economies of scope also sought to capture the accumulated experience GE had it is core businesses as evidenced by their dominant market shares. Jack Welch believed that by re-aligning value chains to pursue economies of scope within a decentralized organizational structure the individual performance of each business unit would be tracked with greater accuracy and precision as well. Economies of scope would prove to be critical to the overall performance of GE as a conglomerate in later years as electronic business and the Internet would prove to be a disruptive innovation. By concentrating on economies of scope in a decentralized organizational structure however, GE was able to capitalize on the shift to the Internet as a global business and transaction platform.
Decentralizing business units led to greater accuracy and precision of managing each product line, customer base and services revenue stream… READ MORE
Quoted Instructions for "Strategic Analysis on aGE Two Decade Transformation" Assignment:
answer the question for the case write up
1) What is Welch*****'s objective in the series of initiatives he launched in the late 1980s and early 1990s (Hint: Is there a logic or rationale supporting this change process)?
- First, you need to focus on the time frame I specified and list the objective for each initiative. If you read the case, you will know that after early 1990s, Welsh changed the focus of his initiatives, you need to elaborate why he wanted to follow such an *****"order*****" in making all the changes..
2. How does such a large, complex diversified conglomerate defy the critics and continue to grow so profitably (Hint: How have Welch*****'s various initiatives added value?)?
- this question is about how he created corporate advantages.
3. What is your evaluation of Welch*****s approach to leading change?
I will send up a document of the terms of what we have studied in class so you can make a reference to it and the case study *****
How to Reference "Strategic Analysis on aGE Two Decade Transformation" Case Study in a Bibliography
“Strategic Analysis on aGE Two Decade Transformation.” A1-TermPaper.com, 2011, https://www.a1-termpaper.com/topics/essay/strategic-analysis-ge/1928466. Accessed 5 Oct 2024.
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