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Essay / Research Paper Abstract
This 6 page paper begins with an outline. The essay discusses the characteristics of Jack Welch's leadership styles as chairman and chief executive of the General Electric Corporation, a tenure that began in 1981 and ended with retirement in 2001. Welch brought sweeping changes to the corporation, changing the culture and the structure of the company. Welch gained a reputation in the mid-1980s as the toughest boss in America but by the 1990s, Welch was being called the best CEO in the country. His leadership style is based on vision and collaboration. This essay discusses the characteristics of Welch's leadership. Bibliography lists 5 sources.
Page Count:
6 pages (~225 words per page)
File: MM12_PGwelch.rtf
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Unformatted sample text from the term paper:
is floundering with customers complaining of poor quality. C. Welch begins massive changes to the structure, the business and the culture of GE. 1. Welch eliminates layers of bureaucracy and
decreases personnel. 2. Welch creates a new company culture. D. Welchs leadership style is mirrored by his philosophy of management. 1. Welch becomes known as demanding but open and direct.
2. Welch is also known as a visionary. E. Top executives and managers follow Welchs styles. F. By the 1990s, Welch has the reputation of being the best CEO in
America. Text After completing his doctorate degree chemical engineering, Jack Welch was hired at GE Plastics in Pittsfield, Massachusetts (Lewis, 2001). That was in 1960; in 1981, Welch
was appointed chairman and chief executive of the General Electric Corporation (Lewis, 2001). At that time, GE was the 11th largest company in the United States and had recorded earnings
of $1.65 billion the previous year (Lewis, 2001). The companys market value in 1981 was $12 billion, by 1998, GE had a market value of $280 billion (Byrne, 1998). Jack
Welch is one of the most highly respected CEOs in the country (Stevens, 1996). General Electric was floundering in 1981. It was losing customers who complained of poor quality
(Lewis, 2001). Welch brought wholesale changes to every aspect of the company and began by laying off over 20 percent of the employees dropping the workers from 440,000 to
340,000 (Lewis, 2001). He eliminated layers of bureaucracy, sold more than 70 GE companies and began acquiring different kinds of companies, those in the communications and services arena (Lewis, 2001).
One of the companies Welch bought was NBC (Lewis, 2001). By 1984, Fortune magazine called Welch "the toughest boss in America (Lewis, 2001). He became known as Neutron Jack within
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