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Case

Jack Welch at General Electric (1981–2001)

Jack Welch was chairman and CEO of General Electric from April 1981 until September 2001. GE puts its market capitalisation at about $14 billion when he took over and more than $410 billion when he retired (GE News); CNBC gives the same end figure but a starting point of $12 billion. Welch required every business to be first or second in its market and launched the Work-Out programme to cut bureaucracy; by his own account the workforce fell from 411,000 to 299,000 in his first five years (CNBC).

Industry
Industrial conglomerate (USA)
Frameworks applied
GE change acceleration model
Clipboard with a glass checklist panel, icon for consulting

Frameworks applied

This case is read through the frameworks below.

  • GE change acceleration modelA chief executive launching a big change worries it will fizzle out after a few weeks: which seven things should be checked for it to start and to stick?

Sources

References

Listed A–Z by author surname, Harvard style. A source with a DOI links to https://doi.org/…; one without links to its page or says plainly that it has no DOI.

  1. General Electric Company (2020) Jack Welch, The 'Ultimate Manager' Who Oversaw GE's Rise To The Most Valuable Company, Dies at 84. GE News.No DOIge.comSource page
  2. Steinberg, M. (2020) Jack Welch, former chairman and CEO of GE, dies at 84. CNBC.No DOIcnbc.comSource page