Subject category:
Strategy and General Management
Published by:
International Institute for Management Development (IMD)
Version: 10.08.2007
Length: 17 pages
Data source: Published sources
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Abstract
The world, and General Electric, had changed a lot since Jack Welch left as CEO (Chief Executive Officer) in 2001. His successor, Jeff Immelt, had undertaken major change in the last five years. His challenge to GE - to generate significant growth internally, to diversify its revenue stream and to innovate and nourish the product pipeline - had been resoundingly met. Why then did GE's share price languish and lag the expansion of the S&P (Standard & Poor's) 500? The question had to be asked: would the market accept anyone else at the helm of GE besides Welch?
Location:
Industry:
Size:
USD163 billion sales in 2006
Other setting(s):
1981-2007
About
Abstract
The world, and General Electric, had changed a lot since Jack Welch left as CEO (Chief Executive Officer) in 2001. His successor, Jeff Immelt, had undertaken major change in the last five years. His challenge to GE - to generate significant growth internally, to diversify its revenue stream and to innovate and nourish the product pipeline - had been resoundingly met. Why then did GE's share price languish and lag the expansion of the S&P (Standard & Poor's) 500? The question had to be asked: would the market accept anyone else at the helm of GE besides Welch?
Settings
Location:
Industry:
Size:
USD163 billion sales in 2006
Other setting(s):
1981-2007