Making of Ceo

9-304-049 REV: NOVEMBER 3, 2006 CHRISTOPHER A. BARTLETT ANDREW N. McLEAN GEs Talent Machine: The fashioning of a chief executive officer For more than a century, General Electric (GE) had been accept as one of the worlds leading diversify businesses, and regularly found itself at or near the realise of Americas and the worlds most esteem corporations. From its founding in 1878 by Thomas Edison, the come with grew to be a titan in the world of electrical generation, distribution, and expenditureâ€"and a widely followed model of modern management practice. GE was a pioneer of centralized corporate control in the 1930s, an exemplar of the decentralized multidivisional organization form in the 1950s, a leader in strategic planning in the 1970s, and a model of the lean and agile orbiculate competitor of the 1990s. throughout its history, GE always promoted its top leaders from its receive ranks. The companys much admired executive development practices were root in the cultural values put in ass by Charles casket, the chief operating officer who succeeded Edison in 1892. Over the next 20 years, Coffins commitment to creating a meritocracy based on measured performance became the foundation for a culture that was to assimilate GE a CEO factory as one observer called it.

1 Throughout the 20th century, this machine produced a puss of skilled managers that not only met the companys own needs, but also became a major source of CEO talent for corporate America. So power widey enduring was Coffins accomplishment that a 2003 Fortune Magazine bind named him the greatest CEO of all time.2 On family line 7, 2001, when 44-year-old Jeff Immelt was named the companys twelfth leader after Edison, he faced a daunting challenge. Not only would he be leading a $130 billion global company managing businesses from lighting to aircraft engines to financial services, but he would do so following Jack Welch, a legendary CEO who, over two decades, had generated an average annual total redress to shareholders of more than 23%. (See... If you want to get a full essay, order it on our website: Orderessay

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