The revolutionary spirit

Article Abstract:

Companies world wide are using US methods of management. This includes Daimler, which has stressed stockholder value and become DaimlerChrysler, while Michelin plans to shed labor, despite having strong profits. General Electric boss, Jack Welch, is respected by fellow businessmen. He became boss in 1981 and the company's revenues have since quadrupled, while there has been a thirtyfold increase in its stock price. Fashions come and go in business management, and there are concerns that the US economy and stock market are overheated. Welch has shown that adaptability and speed are important. There are some problems that face US companies, such as excessive regulation and poor results from the educational system.

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The house that Jack built

Article Abstract:

General Electric was reorganized after Jack Welch became boss in 1981, and 100,000 workers were laid off. The company has become one of the most admired world wide, and many of Welch's policies have become part of accepted business wisdom. The company is a conglomerate with ten product groups and has performed well at a time when many conglomerates have faced problems. There is no certainty that a successor to Welch would be able to continue with such a strong performance.

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Jack's gamble

Article Abstract:

Tasks facing General Electric, which is acquiring Honeywell, are examined in detail.

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