Tag: Jack Welch the finite minded leader
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Why did GE need a $300 billion bail out in 2008?
Though once upon a time GE was regarded as an iconic company with time its value drastically went down and eventually it came to a stage where the US government had to resort to a $300 billion bail out to revive GE during the 2008 financial crisis. If we do a prognosis we will find…
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What caused GE’s downfall ?
GE’s fall in market capitalization over time is not something that should surprise us. Jack Welch the CEO of GE loved playing the “finite game” with most emphasis given to short term performance and financial numbers. Gradually this finite mindset , with the metrics focused on performance , pitted the individual employees against one another.The…