Jack Welch

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Title: Jack Welch

Essay Details:

Subject: Business

Author: Conrad G

Date: June 2, 2015

Level: University

Grade: A

Length: 3 / 640

Essay text:

The GE was able to make 400 billion profit over 20 years. One basic reason for this success was the fact of buying and selling of properties and reduction of the work force by layoffs and termination of thousands of workers. Jack Welch theory that GE business had to fit into one of three areas that is core manufacturing, technology, or services. Businesses that did not have one of these aims were apt to be closed or sold, because they would not make profit. Businesses that could not produce and make profit were also closed or sold. Workers were also classified on the scale of A, B, C. The A and B groups were those employees that were hard working and in a way considered intelligent enough, whereas those in the category C were considered unfit the GE and were considered not worth dealing with...

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