Choose the right answer

Date: 2015-10-07; view: 460.

1. Jack Welch, the legendary chairman and CEO of General Electric, did not spell out his strategy clearly with his “number one, number two” concept. TRUE/FALSE

2. He pledged to continue to operate or to acquire only those businesses that would be number one or number two in their market. TRUE/FALSE

3. He took over a company in 1981 that had 35 different business in its portfolio clustered in 10 Strategic Business Units. TRUE/FALSE

4. Those businesses that did not perform or could not be improved to meet the goal would be divested. TRUE/FALSE

5. The corporate winners would only be those who are the “leanest”, the “lowest-cost” worldwide producers of quality goods and services or those who have a clear technological edge, a clear advantage in a market niche. TRUE/FALSE

6. Welch put forward a “sell” policy. TRUE/FALSE

7. Jack Welch stated “If you have a game that's vulnerable, somebody can move fast, get you. And you don't have a checkmate play or another move. You've got to get out of that game”. TRUE/FALSE

8. In addition to the ‘number one, number two' policy, Jack Welch reoriented the company toward products. TRUE/FALSE

9. When Jack Welch began managing GE, the company was composed of 75 percent services and 15 percent products. TRUE/FALSE

10. While focusing on strengths and shifting to products GE under Welch embraced globalization. TRUE/FALSE