Leadership at Ge Under Jeffrey r Assignment PDF
Added on 2021-06-14
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Running Head: LEADERSHIP AT GE UNDER JEFFREY R. IMMELT1Leadership at GE under Jeffrey R. ImmeltStudentInstitutionProfessor
LEADERSHIP AT GE UNDER JEFFREY R. IMMELT2Background InformationGE is an international company that is considered as one of the most prominentconglomerates in the world. Today, its activities span a vast range of areas from healthcareequipment, aircraft engine manufacturing NBC Television Network and even appliances(General Electric, 2018). One of the leaders who helped this company to drive its strategicmission is Jeffrey R. Immelt. Jeff served as the 9th chairman of General Electric and furtherbecame the CEO for the same company for 16 years, before retiring in 2017 (Bloomberg, 2018).During his tenure as the CEO, he revamped the firm's strategy, international footprint, culture,and workforce, positioning the company for the future. The main objective of this assignment isto analyze the leadership philosophy of GE, its tone, mission and vision, leadership skillsdemonstrated by Jeff during his tenure, ethical leadership and a self-reflection on leadershipqualities.Tone, Mission, and Vision of GE.A mission statement should mirror a firm’s core values and vision. Epstein & Buhovac(2014), explains that these statements guide investors, employees, customers, and vendors onwhat the enterprise believes in. Furthermore, managers, rely on the vision to formulate adirection for leadership. The mission and vision statements of General Electric are designed toenable it to gain a positive industrial progress. The corporate vision of GE is “to become theworld's premier digital industrial company, transforming the industry with software-definedmachines and solutions that are connected, responsive and predictive” (General Electric, 2018, p.3). Besides the vision statement, the firm states that its products are for executing beneficialresults for its clients (General Electric, 2018). This vision statement has three primarycomponents- to emerge as the world’s premier digital industrial firm, to execute critical results
LEADERSHIP AT GE UNDER JEFFREY R. IMMELT3for its customers and to transform the market with connected, responsive, predictive andsoftware connected machines. The first component indicates that GE aims to become a premier digital industrial firm.To fulfill this, and uphold its competitive status, the firm has continued to grow and stay aheadof the market rivals. For instance, it has continued to integrate advanced computing technologiesespecially in its aviation and healthcare products (General Electric, 2018). The secondcomponent defines what GE aspires to do in relation to its products and solutions. For example,it aims at providing software-defined solutions and machines to improve the industry. On theother hand, the last component defines what the Company provides to its clients. Ideally, GEaims to provide its customers with high-quality products to enable them to enjoy the bestoutcomes. The corporate mission of GE is “to invent the next industrial era, to build, move, powerand cure the world.” (General Electric, 2018, p. 3). The Company aims to necessitatetremendous revolutions in different industries like electric lighting, transportation and power tobecome more competitive. This mission is congruent to the Company’s strategic approaches andactivities. For example, the company currently deals in products and software solutions fromdifferent industrial sectors (General Electric, 2018). The Mission statement of General electricconsists of two elements as discussed in the following paragraph:The first component explains what is specifically done by the firm as its primary businessfunction, which involves inventing the next industrial period. To achieve this, the business hasmajored in consistently introducing new and technologically advanced products and solutionsthat support market progress (General Electric, 2018). This objective dictates GE’s business andoperational approaches. Another component of GE’s mission statement explains what the firm
LEADERSHIP AT GE UNDER JEFFREY R. IMMELT4aspires to do to invent the next industrial period. For instance, in its attempt to discover the nextindustrial era, the firm aims at instituting operations that power, build, move and cure the world.This aspect helps in defining the kind of products contained in the company’s marketing mix. Italso demonstrates that the company deals in different product categories such as energy,aerospace and transportation oil and gas and healthcare among other categories. The mission andvision statements of the company are closely linked considering that to become a premier digitalindustrial company, the firm needs to discover the next industrial period and formulate uniqueoperational strategies.Philosophy & Skills of LeadershipLeadership theories can be grouped under philosophy as they deal with beliefs, values,knowledge, and concepts, primarily in the ways that leaders should handle others such ascoworkers and followers. For instance, for autocratic leaders, the only value they place on theirworkers is that the workers can get something completed for them (Antonakis & House, 2013).Conversely, servant leaders tend to place more values on their workers as they are dedicated toserving them (McCleskey, 2014). The leadership philosophy of GE as spearheaded by Jeff statedthat “when a person grows, we all grow, and together we all rise. We believe every GeneralElectric employee is a leader. Every employee, therefore, has a hand in this accomplishment, andshould feel a deep sense of pride." (Bloomberg, 2018, p. 4). This philosophy is based onHonesty, Trust, Integrity, and Accountability. As discussed in the following paragraphs:Integrity: This is the practice of being whole and undivided by operating honestly anddemonstrating high moral standards. GE identifies integrity as a global reputation for reliable andhonest business conduct General Electric, 2018). It has a mechanism for reporting anyunauthorized behaviors that go against the company’s expectation like corruption and illegal
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