Succession Management at General Electric 

 

General Electric (GE) is widely recognized and respected for its leadership talent and its succession

management system. One of the best examples of succession management is how GEâs former CEO, Jack

Welch, shaped and elevated the companyâs philosophy, practice, and reputation for developing leaders.

In a 1991 speech, Welch stated, âFrom now on, choosing my successor is the most important decision Iâll

make.â GEâs commitment to developing leaders from within has yielded positive results for both the

companyâs employees and for GE. In fact, the program has been so successful that itâs been widely

emulated by other global organizations. 

 

Measuring and developing talent lies at the forefront of GEâs business strategy discussions. GEâs

operating system, referred to as its âlearning culture in action,â entails year-round learning sessions in

which leaders from GE and outside companies share best practices with one another and generate ideas

for new practices. Harry Elsinga, manager of executive development at GE, notes, âWe really have a

tight organization around how we combine our leadership meetings and how we approach our business.

We have a constant cycle going on throughout the year where we talk about business and people at the

same time. How do we develop talent in those businesses, how do we make sure that we have the right

people to open a particular plant or to do an acquisition, etc.? Those discussions always go hand in

hand. And itâs not a one-time kind of conversation; this is a constant, ongoing process.â 

 

GEâs succession management system is fairly simple. GE managers and executives are moved from job to

job every two to three years, and each job change or promotion is a well-thought-out process that

provides managers with much-needed experience and exposure to certain elements of the business.

This has allowed GE to build a management team that is very knowledgeable and experienced.

 

Questions

 

 

1. Do you think that GEâs approach to succession management would work for all organizations?

Why or why not? 

 

 

2. What are some possible disadvantages of moving people to new jobs every two to three years?

 

 

 

3. Why does GEâs succession management approach work so well? 

SuperTutor

(15)

Status NEW Posted 28 Apr 2017 12:04 AM My Price 6.00

-----------

Attachments

file 1493340159-Solutions file.docx preview (56 words )

S-----------olu-----------tio-----------ns -----------fil-----------e -----------Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k y-----------ou -----------for----------- yo-----------ur -----------int-----------ere-----------st -----------and----------- bu-----------yin-----------g m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l b-----------e q-----------uic-----------kly----------- on-----------lin-----------e a-----------nd -----------giv-----------e y-----------ou -----------exa-----------ct -----------fil-----------e a-----------nd -----------the----------- sa-----------me -----------fil-----------e i-----------s a-----------lso----------- se-----------nt -----------to -----------you-----------r e-----------mai-----------l t-----------hat----------- is----------- re-----------gis-----------ter-----------ed -----------onÂ----------- th-----------is -----------web-----------sit-----------e. ----------- H-----------YPE-----------RLI-----------NK -----------&qu-----------ot;-----------htt-----------p:/-----------/wo-----------rkb-----------ank-----------247-----------.co-----------m/&-----------quo-----------t; -----------\t -----------&qu-----------ot;-----------_bl-----------ank-----------&qu-----------ot;----------- -----------Tha-----------nk -----------you----------- -----------

Not Rated(0)

• Buy Answer