[request_ebook] Jack Welch & The G.E. Way: Management Insights and Leadership Secrets of the Legendary CEO

Description

When boards of directors go shopping for a new chief executive, their first stop is often General Electric.

After all, its disciplined approach to management, the "GE Way," has been chronicled in a shelf's worth of books, including "Winning" by its former chief executive, Jack Welch, who gets much of the credit for his system of building a deep bench of talent. That system included rotating executives through many jobs, teaching them productivity and quality-control tools like Six Sigma and training them at the company's vaunted management school.

GE executives were in such demand that just one week after Welch named Jeffrey Immelt as his successor in late 2000, the two runners-up were immediately lured away. Home Depot recruited Robert Nardelli, and 3M lured away W. James McNerney Jr.

But the ouster of Nardelli from Home Depot on Wednesday raises anew the question of whether GE executives are as bankable when they switch to new companies. The answer, many management experts say, is not necessarily.

Though McNerney has succeeded at both 3M and later at Boeing, Nardelli joins Lawrence Johnston, another high- flying GE executive who left in 2001 for a troubled tenure at Albertson's, among the alumni who did not live up to expectations.

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