Thursday, June 13, 2013

The Leadership Machine at GE

General Electric, under the leadership of Jeffery Immelt was ranked #2 for best company for leaders in 2013. The 2013 Chief Executive magazine recognizes General Electric for their leadership development process. It’s no surprise that General Electric has a process in place that coaches new leadership before transition. When you think about the history of General Electric it should be no surprise that Jack Welch would develop a system to build leaders. A system so strong that years later we are still giving praises to the company for a job well done. In the article, “Capitalizing on Capabilities” they briefly admired General Electric for their ability to innovate and invest in human capital.

Courtesy of IEDP

General Electric has an internal process where leaders are funneled through the ranks into middle management and eventually senior management. In the Chief Executive article, a survey was conducted where recruiters were asked what companies they would choose to  recruit. General Electric was first on the list because of their cross functional training and process for assessment. General Electric realizes the need for leadership on all levels, so they invest in their key intangible asset human resources. General Electric continues to be a leader in innovation because of their management structure.





On June 12th, the company announced a management shift from within. GE appointed  Keith Sherin as Chairman and CEO of GE Capital. Keith has played an intricate role at GE for the last 14 years as a board member and Chief Financial Officer. Now he will join the ranks of many other GE leaders that will continue to move the company forward. Clearly GE has a clear leadership brand because they continue to development more leaders from within than any other company. In the next ten years I believe that GE will even surpass their own expectations. Anytime a company invest in their employees the return will be great. GE has reaped in the past, and will continue in the future. My father used to having a saying, “you have to sow in order to reap” and GE is definitely following that mantra. A company with such a strong history in management leadership and development will continue to be innovators because of human capital making the company difficult to replicate.    
To learn more about General Electric Leadership Program please click on HTML link below to access the youtube video.


References:
Filipkowski, Jenna, and J.P. Donlon. "Growing Leaders." Chief Executive. Chief Executive Group, Jan.-Feb. 2013. Web. 12 June 2013.
Welch, Jack. "Jack Welch." - Management Institute. Strayer University, n.d. Web. 12 June 2013.
Martin, Seth, and Russell Wilkerson. "GE Names Keith Sherin Chairman and CEO of GE Capital; Jeff Bornstein to Succeed Sherin as CFO of GE." Business Wire. Business Wire, 12 June 2013. Web. 12 June 2013.
"Operations Management Leadership Program." YouTube. GE Careers, 25 Oct. 2010. Web. 12 June 2013.

1 comment:

  1. Would GE be a company that one can look forward to seeing as front runner's in developing good or great leadership?

    This looks like a fairly good structure in the way they are addressing management. From reading your blog, if GE continues to promote at that rate, they will not have anyone working. This is where the actually workers play a key role in the company's growth.

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