" (Ying-Feng, 2006)
As mention earlier, the leadership at GE was able to pull of years of having the best leadership; for instance, in September 7, 2001, when 44-year-old Jeff Immelt was picked as being the company's twelfth leader after Edison, he faced an intimidating challenge. Not only would he be guiding a $130 billion global company managing businesses from lighting to aircraft engines to monetary services, nonetheless he would do so following Jack Welch, a legendary CEO who, over two decades, had generated an average annual total return to shareholders of more than 23%.
As Immelt took on one of the biggest management jobs in the world, some wondered whether GE's vaunted management development process had prepared him to lead such a complex organization. But for the new CEO, the bigger question was, how could he ensure that GE's talent machine kept developing executives who could continue driving the company's superior performance?
Works Cited
Baack, D.W. & B.D.J., 2009. The difficulties in using a cost leadership strategy in emerging markets.. International Journal of Emerging...
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