Ges Management Theory - 1077 Words

General Electric (GE) was founded by Thomas Edison in 1878 as a way for him to fund his research into electric light. Only one year later in 1879 he accomplished that mission when he created the first incandescent light. Incandescent light was only the beginning, over the next 128 years GE became an innovator in the advancement of technology and implementing new ideas. Some of these products included the first electric powered X-ray machine, television, radio, locomotives, home appliances and radar systems. While GE was building a name for itself with great new products it also became a leader with its innovations in management. In 1900 GE embarked on its first management initiative by creating the first corporate research and†¦show more content†¦They began to see employees as valuable resources and were the first to offer pension and profit sharing plans. GE was beginning to understand that to maximize a workers potential you must consider their thoughts, feeling and emotions. In the 1960s when the quantitative perspective was emerging GE developed the Business Screen. The screen was one of many new tools that used mathematical concepts to help guide a company’s business dealings. As described previously the screen was used to to identify the optimal portfolio of business units that a company can hold. 2. Which of GE’s management innovations seem to draw on a classical management perspective? Which seem to draw on a behavioral management perspective? I believe that GE’s innovation of Six Sigma, Workout and Blub Books all drew on the classical management perspective. More specifically the Blue Books drew on scientific management as they were more concerned with improving the performance of each manager. The Six Sigma quality initiative was more administrative management as is dealt with the idea an entire organization can become more efficient. There are two innovations that I believe drew on the behavioral management perspective. First, the pension and profit sharing plans for its employees that I discussed earlier. Second, is the policy of firing the lowest performing 10% of workers. Without question I believe thisShow MoreRelatedManagement at Work1470 Words   |  6 PagesCase Study: Management at Work 1. Does the pattern of management developments at GE over the last century seem to reflect the pattern suggested by management theory? Explain your answer. The management developments that GE has formulated over the past century appear to reflect the same sequential pattern that has been suggested by the management theory. GE’s first organizational innovation was the establishment of their corporate research and development lab in 1900. I believe this innovationRead MoreEssay on General Electric Training Effectiveness1097 Words   |  5 PagesThe Leadership Development GE-Style case study offers a glimpse in to the management and leadership training provided by General Electric to its seasoned executives (Kreitner, 2008). The history of General Electric dates back to the days of Thomas Edison, with the formal company forming in 1892 (GE, 2010). General Electric is a successful company, which spans a history of over a century of time. They have grown from a company primarily concerned with electricity to one that competes globally inRead MoreGe Two Decade Transformation1002 Words   |  5 PagesGE’s Two-decade Transfor mation Jack Welch’s Leadership Managing Konwledge and Learning (#9-399-150) ANALYSIS of GE Advantage, Problems and risks including my suggestion/ * (1) GE *Key factors*: Hardware restructure*: When Reg Jones, Welch’ Predecessor, became CEO in 1973, the company organization was just completed to be centralized, but Jones could not able to keep up with reviewing massive volume of information generated by 43 strategic plans. Finally in 1977, he capped GE’s departmentsRead MoreGe Management1094 Words   |  5 Pageswas building a name for itself with great new products it also became a leader with its innovations in management. In 1900 GE embarked on its first management initiative by creating the first corporate research and development lab. A short 30 years later GE became the first company to offer pension and profit sharing plans to its employees. Adding to their long list of firsts within management GE created a unique set of â€Å"Blue Books† that governed a managers every move. In the 1960s GE partneredRead MoreEssay on Organizational Structure at General Electric1130 Words   |  5 Pagesonly a handful of layers (Bateman Snell, 2011). The General Electric Company (GE) is organized with its chief executive officer, shareowner, and board of directors on the top of the pyramid, followed by their executive leaders and corporate staff. GE’s Board of Directors ensures the company serves the interests of shareowners and other key stakeholders with the highest standards of integrity and compliance. Serving equally as tough critics and wise counselors, they provide in-depth oversight of theRead MoreGeneral Electric Strategic Position - 19811536 Words   |  7 Pagesrealms of expansion, but the systems in place often led to a lack of focus. Reginald Jones attempted to create value and compete in the market by implementing strategic planning and then integrated strategic planning to address productivity. Through GE’s engagement of McKinsey Co. they devised a structure of Strategic Business Units along with Portfolio Planning. The development of strategic business units allowed the company to stay competitive in their respective industries by acting somewhatRead MoreGe Money America Essay1125 Words   |  5 Pagescandidates. Also, they wanted to improve the they tracked their advertising spending in order to accurately calculate cost-per hire and manage their annual budget. (Goldsmith, 2010) 2. Identify the model for change theory typified in the case study of your choice. The model for change theory typified in GE Money was an outsourcing DIME model. Regardless of what model an organization uses, the model should have five main processes to ensure that necessary talent is available to achieve their businessRead MoreThe Ethics of Leadership1648 Words   |  7 PagesOrganizational Behavior Dr. Gary Shelton March 18, 2013 ABSTRACT The paper explores the leadership of Robert Nardelli at home depot during the years of 2000 through 2006. The paper focuses on his methods and actions in the context of leadership theory in an effort to define his specific leadership style. Once defined the paper examines his methods and actions to determine if they were ethical or unethical. Nardelli’s performance at Home Depot was statistically successful but his authoritarianRead MoreGeneral Electrics Proposed Acquisition of Honeywell1195 Words   |  5 PagesTechnologies Corporation (UTC). For every share of honeywell, UTC would pay 0.74 of its own stock. In other words, the merge would lead to a dominant supplier company in the aerospace market, and a strong competitor for GE. This led John F. â€Å"Jack† Welch Jr., GE’s chair and CEO, to call Michael Bonsignore, chair and CEO of Honeywell, to present a bid maintaining a 1:1 share for share exchange ratio. GE won the bid against UTC and agreed to a price of 1.055 GE shares for every share of Honeywell’s, plus assumedRead MoreGeneral Electric : Ethical, Social, And Environmental Standards And Practices3806 Words   |  16 Pagesenvironmental standards and practices. This analysis will include, but is not limited to discussions about GE’s code of conduct, how the organization responds to social responsibility, the environmental standards they employ, and the culture within the organization. In May 2014, Forbes compiled a list of the largest public companies in the world. In order to give a perspective on GE’s size, they ranked seventh overall behind several Chinese companies, JP Morgan Chase, Berkshire Hathaway, and