About Jack Welch 1981
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About Jack Welch 1981Major changes from traditional to See how company progress, during the early ceo Reg Jones also going goodExhibit 1 Revenue from 27240 bil to 129,853 b more than 400% increase in revenueEmployee more than 400 000 to 313000 – decrease almost 100k Employee in united state n other country- almost equal during 2000 there are very serious n commited n serious about going global (2000/2001 internet start getting place)Total asset from 1981 from 20,942 to 437,006billion Dividen from 715 to 5,647- investor/shareholder happyThis is the self He inlead a gread leaderTransformational Leaders- we should refer Welch JackThis person doing pas way surgery 3timeBecome more egernatic after bypass, want to do more n moreNeutron Jack given nickname (caj) the whole being charge by jack, that why his nickname neutron jackGE is founded by Thomas EdisonAcknowledgement – was given wall streetThe concern by shareholder if JW can continuedAge 45 as CEO..What was his 1st Strategy?Become no 1 or 2 or fix it or sales itEach biz standard 1 & 2 interm of performace of the bizBe a leader in industryExhibit 2- The three CircleCore Biz, technology (cash cow for them) and service (later on )If biz Is core- priority to invest and Services- start to take over company in good servis sector incl ins companyHe reorganized Lot of birokrasiHe resturturing, empower his people Scrape Strategic planning for companyHe prefer direct dealing, direct information n direct Exhabit 4a n 4bLess layerHe realize how important is his people, the uniqness of his peopleHe become engage to his people
He want flow information, birokrasi to be removeRemove sector ganti dgn 3 circle.. no manager biz unit Focus must on managing the people not product or everything. We have people to look after that (product) If not take care of people, u have the good product the end of the day u cannot create competitive advantage.People can emitted anything product, but people cannot being emitted. Identify the next Neutron Jack- The change!! U have to make decision, cannot living with people who will pull u down.. the survival off biz is more important then individu.. dr 40 2 je yg tinggal.He believe in lean (no waste) and agile (flexible) anytime can change He don’t want people who not into itManager have 6-7 300 people u don’t have time, 1-1 no timeLess manager reportSECOND STAGE OF THE ROCKETCulturalChangeWork-Out & Best PracticeWork-Out- type of workout such as :-1. Birokrasi reduce2. Which one to eliminate- he assign the person Baughman – off-site meeting and open-forum-3 day sessions began with unit boss. Boss leave the session afer that n come back to hearSession with people, have solutionBest PracticeBest way to do it better. Come out with some Knowledge should be share, abdopted, apply by others. Don’t shy to learn drom otherGOING GLOBALExhibit 3Changes in the GE biz portfolioBuy ins company..He not so excited until 1989- appointed Paolo Fresco as a head og International OperationJV with foreign (Thomson S.A)-Franch baseToshiba (japan)Need a partner to going globalMost revenue from outside. He see the opportunity going global 3 time higher than domestic revenue