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GE's Talent Machine: The Making of a CEO
Transcript of GE's Talent Machine: The Making of a CEO
- Pioneer of centralized corporate control in 1930s
- $342M to $3.46B over 15 years due to WWII production needs
- Ralph Cordiner built first corporate university, Crotonville, as part of the decentralization plan
-Early HR development was among the most sophisticated in the world Background Problems -Job Rotation as design structure Problems - Talent Machine:
Vitality Curve, Recruitment, Executive Bands Executive Bands Solutions - Job Enrichment as design structure to
facilitate talent development
-Adjust Talent machine
-Vitality Curve: invest in the 70%
-Recruitment: expand global recruits
-Executive Bands: between 7 and 29 Summary - From Job Enlargement to Job Enrichment
- Adjust or redo Talent Machine?
- 70% & 20%
- National to International
- Executive bands
- Middle point
- Jack Welch led GE to become one of the most recognized companies nation wide
-In 2001, Jeff Immelt became GE's 12th leader after Edison
-9/11 spurred Immelt to grow GE by improving annual earnings by 10%
-40% of time devoted to people issues Questions ?