Main components to support efforts of General Electric

Question

Identify the four main components that support General Electric’s efforts to construct a talent-rich stable of managers. Has this approach proven to be winning? Explain.

Answer 1

The four major components employed by this organization contain: transferring managers across divisional, business, or functional lines for constant periods of time, exhibition of the four “E”s by latent executive candidates, proficiency in what is termed “workout”, and presence in the Leadership Development Center.

This approach has verified to be highly winning for the organization. Nowadays, General Electric is widely considered to be one of the finest-managed companies in the world, partly because of its intensive effort to build up outstanding managers.