LEAN MEAN & HUNGRY- GENERAL ELECTRIC

Lean Mean, Hungry and Agile at 120..
Lean, Mean and Hungry is the motto at GE, one of the finest brick and mortar businesses of the world.
Founded as Edison General Electric by Thomas Edison and later evolving into, General Electric by the 1892 merger of Edison General Electric of Schenectady, New York and Thomson-Houston Electric Company of Lynn, Massachusetts GE went on to become a Transnational Conglomerate, operating through four segments: Energy, Technology Infrastructure,Capital Finance and Consumer & Industrial.
Through a series of acquisitions, mergers, reorganizations and divestitures, Genera Electric became an industrial behemoth with a nine layered management structure which was slow to respond to the market dynamic.
GE made a phenomenal progress under Jack Welch who took over the reins of the company as its youngest Chairman and CEO in 1981.
Jack Welch delayered the organization, made it into a lean and hungry machine with an insatiable appetite for leader ship. He took a stand that, GE will operate in only those businesses, where GE is wither the 1st or the 2nd in market share. He rewarded the employees who figured in the top 20% of the performance list and fired those who were in the bottom 10%.
His carrot and stick policy of driving performance gave him the nick name of 'Neutron Jack' named after the Neutron Bomb, which destroys lives without damaging the structure of the buildings they are housed in.
Nevertheless, his leadership style kept the organization on its toes, nurtured execution excellence and led to the achievement of a phenomenal growth of 4000% during his tenure spanning 20 years.
Today, GE, under the leadership of  Jeffrey Immelt,  is one of the largest corporations in the world, with a turnover of over 147 Billion US Dollar and a net income of over 14Billion US dollar, employing over 3 lakh employees.