jack was chairman and ceo of general electric between the year 1991 to 2001 during this time at general electronics company value rose 100% bank bidar from general electric be received a severance payment of 417 million dollar the largest experiment in which he once we marked this compensation as a career behind it you almost do not have to manage them in the above contact answer the following
1. identity the style of leadership he is referring to.
2. state any three benefits of leadership style which is identified in 1.
Answers
Answer:
Chegg study
Find Solutions For Your Homework
Find solutions for your homework
businessoperations managementoperations management questions and answersThe Jack Welch Era At General Electric In The Case, “The Jack Welch Era At General Electric”, ...
Question: The Jack Welch Era At General Electric In The Case, “The Jack Welch Era At General Electric”, Indicate That During The Period Of Jack Welch Was A CEO At General Electric From 1981 To 2001, The Company Became Remarkable Profit. Earnings Per Share Rose From $. 46 In 1981 To $1. 07 In 2001. GE Is A Company Which Has A Very Long History, And Jack Welch ...
This problem has been solved!
See the answer
The Jack Welch Era at General Electric
In the case, “The Jack Welch Era at General Electric”, indicate that during the period of Jack Welch was a CEO at General Electric from 1981 to 2001, the company became remarkable profit. Earnings per share rose from $. 46 in 1981 to $1. 07 in 2001. GE is a company which has a very long history, and Jack Welch was the first working-class person that finally became the famous manager in GE history.
He changed and built lots of rules to fulfill his ambition to make the company more wealthy such as eliminated workers, changed GE’s culture by promoting the notion of a “boundary less” organization, used identical 20-70-20 percent curve to manage managers, and reshaped GE stocks. The story of the Welch years has the elements of legend, however, within GE businesses his powerful manage strategy turned him into a very controversial person. The lead editorial branded Welch as a corporate titan opposed to rules of society and said that his actions were “disastrous” for workers and communities.
As a huge and historical company as GE, it has lots of social responsibilities. The definition of corporate social responsibility in chapter 5 is that the duty of a corporation to create wealth in ways that avoids harm to, protect, or enhance societal assets. Since GE paid a lot taxes, it contributed our society. From the view of economic responsibilities, GE clearly fulfilled it. Although in the Welch’s era, GE Company received huge economic reward and engaged in a board range of philanthropy and community activities, it cannot be denied that the company against the corporate social responsibility at some time.
Welch illustrates a very narrow view of corporate social responsibility closer to Friedman’s view that the only social responsibility is to increase profits while obeying the law. The first thing is that mass layoffs as Welch remodeled GE. When he took over there were 404,000 GE employees; when he left, there were 313,000. In between, tens of thousands came and went. This high floatable layoff increased unemployment rate and would cause that employees transferred to low wage countries. In the long run, it will harm to social assets by such high unemployment.
Secondly, the pollution in Hudson River, which causes a very bad influence to our society, and also it indicate that GE did not do well in complying general principles of corporate social responsibilities. In 1977, The Environmental Protection Agency (EPA) set laws to stop releasing PCBs, because of evidence that PCBs cause cancer in test animals and probably cause canc
Answer:
Leadership Style
Explanation:
As we know that Jack was not very dominating leader.He wanted
to give freedom and support to his employees and let them have a good remuneration.This was a very good decision because during this time at general electronics company value rose 100% bank bidar from general electric be received a severance payment of 417 million dollar the largest experiment in which he once we marked this compensation as a career behind it you almost do not have to manage them in the above contact answer the following :-
1. identity the style of leadership he is referring to.
Ans:- The Leadership style which was followed by Jack was Laissez Faire.
In this style of leadership leaders make few decisions and allow their staff to choose appropriate workplace solutions.
2. state any three benefits of leadership style which is identified in 1.
Ans:- The Three benefits of Laissez Faire leadership are as under:-
1)There is a mutual trust which develops between the Leader and his subordinates.
2)The subordinates feel responsibility towards the company and work hard towards the company goals.
3)The morale of employees improves thus overall productivity and the quality of work improves.
https://brainly.in/question/22922275