Business Management Research Paper Example | Topics and Well Written Essays - 500 words - 1

Business Management - Research Paper Example This was effectively achieved with his â€Å"#1 or #2† method, downsizing, and with a restructuring effort that left more employees reporting directly to Welch. All of this was done early in Welch’s tenure, and functioned to establish a strong base company that Welch could transform into his future vision of GE. 2. What was Welch’s objective in the series of initiatives he launched in the late 1980’s and early 1990’s? What was he trying to achieve in the round of changes he put in motion in  that period? Welch’s objective in the series of initiatives he launched in the late 1980s and early 1990s was to redefine the culture of GE as one focused on innovation and constant change. Welch embraced the Maoian idea of constant revolution and wanted to create a corporate environment in GE where every employee was trying to find new was of adding value to the company. Welch describes his vision of a new GE culture by explaining, â€Å"the new psych ological contract, fi there is such a thing, is that jobs at GE are the best in the world for people willing to compete,† (Bartlett, 6). After developing his base company early on, Welch used the described series of initiatives in the late 1980s and early 1990s to change the mindset of GE’s massive employee base. 3.