Analysis The Haier approach has seen the company dubbed as a “platform company” for its decentralized structure. Instead of following a top-down organizational flowchart, the company which has 80,000 employees is subdivided into self-organizing internal units. Each unit has the power to vote out ineffective leaders. New projects are staffed via an internal talent pool, wherein employees are evaluated based on their interests, credentials, and past achievements. 1- Getting rid of middle management & Self-managed teams Haier’s CEO’s decision to eliminate the middle management in the company, although radical, was done in an effort to minimize bureaucracy and management control on the innovation process.
After graduating in 1960 Welch joined General Electric as a Chemical engineer and worked his way through the ranks to become the Chairman and CEO of GE, making him the eighth and youngest leader. During his 20 year reign of General Electric, one of Americas largest and most well known companies Jack Welch's management skills became almost legendary. His no nonsense leadership style gave him a reputation of being hard, even ruthless, but also fair when making business decisions. Welch had little time for bureaucracy and archaic business ways. If managers didn't change they were replaced
Palmisano stepped down as CEO 31st December 2011, ending a near-decade-long reign. Looking back ten years Palmisano made several key strategic moves that have paid off greatly for IBM. In 2002 IBM bought Pricewaterhouse Coopers Consulting for $3.5 billion, and created a new global business unit called Business Consulting Services by combining IBM business services and PwCC. As a result, IBM Business Consulting Services becomes the world's largest consulting services organization, with operations in more than 160 countries [7]. In 2003 IBM sold its hard disk drive business to Hitachi.
Electrolux: The Acquisition of GE Electrolux: The Acquisition of GE Michael White Strategic Management 520-01 Dr. Ugboro September 13,2014 Electrolux: The Acquisition of GE According to Fortune magazine, “GE is one the worlds most respected companies” (http://www.GE.com). Taking cues from the technology firms of silicon line its operations, and Sweden’s Electrolux is buying GE’s appliance business for $2.2 billion in cash in one of the largest acquisition’s ever. The transaction significantly advances GE’s industrial strategy and Electrolux will be a good fit for its customers and employees. GE’s industrial strategy is to be a more consistent infrastructure and invest more heavily in technology. GE is creating a new type of industrial company, one with a balanced, competitively positioned portfolio of business with strong technology advantages, growth markets and a more simplified culture.
Intelligence, Ambitious and Capability When John Clendenin studied at Harvard Business School, he had already set himself a clear and ambitious career path: from successful corporate officer in Fortune 50 to on the board of several others, and eventually to be a cabinet-level position in our government. Actually he was ahead of his HBS plan after graduating within three years. John first came to Xerox was in 1983 after his first year at HBS. He worked as productivity consultant in the parts and supply area of Xerox US Marketing Group (USMG). He constructively suggested the efficient cost management, when he showed that Xerox was over-packing in distribution and found that the company would be more economically by having vendors’ ship directly to end users in Xerox rather than through central corporate warehouses.
The Impact of Japan Earthquake on Japan’s Macroeconomy The Impact of Japan Earthquake on Japan’s Macroeconomy Since the Bubble Economy was collapsed, Japan gradually recovered. However, the 8.9-magnitude earthquake imposed a big blow on Japan. It not only dramatically affected Japan’s macroeconomy, but also caused neighbor countries’ and even global economic and political changes. On March 11 2011, Japan was rattled by the powerful earthquake and tsunami which claimed close to 20, 000 lives across swathes of the eastern coast (Demetriou, 2011). Fukushima, the nuclear power plants center, had been one of the world’s worst nuclear disasters regions.
GE’S TWO-DECADE TRANSFORMATION: JACK WELCH’S LEADERSHIP DESCRIPTION General Electric (GE) is a multinational company that operates in the following segments: Energy, Technology Infrastructure, Capital Finance, as well as Consumer and Industrial. Thomas Alva Edison, who found the company in 1878, started the company from its early focus on the generation, distribution, and use of electric power to become, more than a hundred years later, one of valuable and competitive companies with various business units that spread in more than 100 countries around the world. When Jack Welch, who were 45 years old, took over GE in 1981 and became the youngest CEO in GE’s history, the GE’s value of market capitalization was $13 billion, whereas when he resigned from GE in 2001, the market capitalization increased to be more than $300 billion. He succeeded to make GE as the most competitive company in the world through five following phases: 1. Welch’s Early Priorities: GE’s Restructuring In the early of his leadership period, Jack Welch set the standard for each of GE’s business units to be number 1 or 2 in its industry – or to be not in the market completely.
It hit the Cuban economy hard, the Cubans lost over 80% of its imports and exports with the collapse. Also their overall gross domestic product dropped by 34%. Also it caused a complete implosion of the North Korean
The fun briefly came to a halt in early May as the toy industry mourned the loss of Jack Friedman, founder of Jakks Pacific. Friedman, 70, had recently retired from his regular duties as company chairman and chief executive officer to spend more time with his family. With more than 50 years of toy industry experience, Friedman launched some of the most successful toys in history, including the first movie toys for E.T. : The Extra-Terrestrial, and was also a pioneer in the video game industry. Under his leadership, Jakks Pacific has grown into one of the top five publicly traded diversified toy companies in the country.
Franklin D. Roosevelt and the Success of His New Deal The American economy started weakening by the middle of the1920s. However, over investment and speculating in stocks inflated their prices that contributed to the delusion of a robust economy. Since stocks were the hottest commodity to invest in, people borrowed money and used their stocks as collateral to the banks.The Great Depression was considered started on Black Thursday October 24th, 1929 when the New York Stock Exchange collapsed in the greatest market crash with the Dow closed at 316.38, and the plunge continued until the Dow reached its low of 41.22 in 1932. When the stocks values dropped, people were not able to pay for their debts while the banks just held worthless collaterals. Many banks declared bankruptcies because they could not get back their money from stock investors.