Jef Immelt Analysis
Introduction
Jeffery R. Immelt became the Chairman of General Electric (GE) in 7th September 2011, replacing his famous predecessor, Jack Welch. The 33 year old GE veteran had acquired his MBA from Harvard Business School the same year he joined General Electric in 1982. He climbed the corporate ladder deliberately from being a senior position in the late 1980s, to becoming a CEO.
Jeffrey Immelt is said to carry a democratic style of leadership as many other leaders have the same style, carried out in different ways. Democratic style boosts the delegation of responsibility towards the employees but the last say in decision making still rests in the hands of the leader. It signifies democracy and strenghthens the position of the leader among …show more content…
The planes that crashed was powered by GE engines and 2 employees were killed and cost the company $600 million. He tackled many controversies with determination to maintain the 131-year old company image as well as the revenue of the company.
(250 words)
1. Question : Analyse and discuss the leadership style of Jeff Immelt. What are the strengths and weaknesses of the chosen leader’s style? Do you think women make better leaders than men?
Advantages of leadership style
(20 marks)
The first advantage to his style of leadership would be when has advises from his council, and the input of the people involved creates an environment that can help in generating ingenious and creative ideas. In addition, innovation is also cultivated as the democracy between Jeffrey Immelt and his subordinates is practiced. This would lead to empowering the leaders of the large divisions (such as Medical, Aviation, Oil & Gas) of GE. Hence, there would be an increase of productivity, efficiency and helps set the benchmark for other companies in their respective …show more content…
(Week, 2015) GE Capital, a part of the large conglomerate of GE, was at its pinnacle in the late 1990’s when it was making up for 60% of GE’s revenues. At the dawn of the 2008 crisis, Capital GE faced with 38% drop in revenues because of the failure of the financial markets in US. GE was making a aloss of $700 million in that same year. After a long debate and speculation over the future of GE, earlier this year, Jeff Immelt annouced that GE will exit the banking industry due to the heavy risk of financing the bank itself. (Eavis, 2015) Figure 1.1 shows the drop of revenues in the recent
Jeffery R. Immelt became the Chairman of General Electric (GE) in 7th September 2011, replacing his famous predecessor, Jack Welch. The 33 year old GE veteran had acquired his MBA from Harvard Business School the same year he joined General Electric in 1982. He climbed the corporate ladder deliberately from being a senior position in the late 1980s, to becoming a CEO.
Jeffrey Immelt is said to carry a democratic style of leadership as many other leaders have the same style, carried out in different ways. Democratic style boosts the delegation of responsibility towards the employees but the last say in decision making still rests in the hands of the leader. It signifies democracy and strenghthens the position of the leader among …show more content…
The planes that crashed was powered by GE engines and 2 employees were killed and cost the company $600 million. He tackled many controversies with determination to maintain the 131-year old company image as well as the revenue of the company.
(250 words)
1. Question : Analyse and discuss the leadership style of Jeff Immelt. What are the strengths and weaknesses of the chosen leader’s style? Do you think women make better leaders than men?
Advantages of leadership style
(20 marks)
The first advantage to his style of leadership would be when has advises from his council, and the input of the people involved creates an environment that can help in generating ingenious and creative ideas. In addition, innovation is also cultivated as the democracy between Jeffrey Immelt and his subordinates is practiced. This would lead to empowering the leaders of the large divisions (such as Medical, Aviation, Oil & Gas) of GE. Hence, there would be an increase of productivity, efficiency and helps set the benchmark for other companies in their respective …show more content…
(Week, 2015) GE Capital, a part of the large conglomerate of GE, was at its pinnacle in the late 1990’s when it was making up for 60% of GE’s revenues. At the dawn of the 2008 crisis, Capital GE faced with 38% drop in revenues because of the failure of the financial markets in US. GE was making a aloss of $700 million in that same year. After a long debate and speculation over the future of GE, earlier this year, Jeff Immelt annouced that GE will exit the banking industry due to the heavy risk of financing the bank itself. (Eavis, 2015) Figure 1.1 shows the drop of revenues in the recent