This paper is on "Jeffrey Immelt". The paper explains the management challenges that Immelt faced when he took over the leadership at GE and how is Immelt attempting to improve the company's effectiveness and its efficiency. It furthermore examples of Mr. Immelt's engagement in each of the four functions of management.
Jeffrey R. Immelt is the existing chairman of the board and chief executive officer of General Electric. He was chosen by GE's Board of Directors in 2000 to change John Francis Welch Jr. (Jack Welch) following his retirement. Formerly, Immelt had headed up GE's Medical Systems division as its President and CEO. He holds a B.A. in Applied Mathematics from Dartmouth College, and an M.B.A. from Harvard Business School. He has been with GE ever since 1982 and is on the board of two non-profit organizations.
His permanent status as Chairman and CEO started off on a low note he took over the responsibility on September 10, 2001 just one day before the activist attacks on the United States, which killed two employees and cost GE's insurance business $600 million, as well as having a noticeable straight effect on the company's Aircraft Engines division. Soon thereafter the offices at GE-owned news network NBC were sent anthrax-laced mail, and the company scandals of the likes of Tyco and Enron also followed. His utmost challenges as CEO currently concern maintaining company veracity, and producing the kind of constantly inspiring earnings seen by investors throughout the Jack Welch period. (Diane Brady (2001)
Under his previous manager, the famous Jack Welch, the skills GE valued above all others were saving, competence, and deal making.
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