Jeff Immelt, CEO, and GE present a fascinating study on the influence of the CEO vis-à-vis the influence of the environmental context in which they operate, and the pervasive influence of a global corporation’s core competency on strategy.
Immelt followed Jack Welch as CEO of GE. Welch was a celebrated CEO who presided over two decades of growth, creating US$350B in shareholder value (compound annual growth rate of 23% per annum). Asked a few years ago how tough was it to follow Welch, Immelt's advice was ‘plan your career so that your predecessor is a failure’.
But what has been the record of Immelt since becoming CEO?Read More