TRAINING AND DEVELOPMENT - THE GE WAY Associate

Transcript:TRAINING AND DEVELOPMENT - THE GE WAY Associate:
TRAINING AND DEVELOPMENT - THE GE WAY Associate Professor & Head School of Management Gangadhar Meher University “Great people build great companies. Talent development is not a slogan of GE, it is a way of life “ “Developing leaders, developing people takes three things. It takes leadership commitment, it takes disciplined processes and it takes commitment to people it works for us” - Jack Welch, CEO(1981-2001), General Electric Co. - Bob Corcoran, Chief Learning Officer, General Electric Co. Establishment Of General Electrics Thomas Alwa Edition, the inventor of the incandescent light bulb set up The Edition Electric Light Company(EELC) in 1872 to conduct experiments on electricity. In 1879 he invented a carbon filament lamp and direct current generator for incandescent electric lighting. The EELC comprised a number of smaller companies involved in different businesses ranging from power station and wiring grids to electrical appliances. The EELC merged with the Thomas Houston Electric Company in 1892 to form General Electric Co. INTRODUCTION General Electrics is one of the worlds biggest conglomerates with a presence across 160 countries, 11 varied businesses and employee strength of around 307,000. It is one of the first companies to establish a Management Development Center to train and develop its employees. The programs of GE developed to its employees created such an impact that later other companies began to approach GE to try and develop similar programs for their employees. INITATIAVES AT GE 1st Initiative The 1st initiative was taken by Ralph Cordiner on taking up the position of CEO in 1950. Cordiner restructured the company by decentralizing it by breaking it into various departments. He felt decentralization would make the company more manageable for rapid growth. As a result of this GE had more than 100 divisions as compared to only 8 units present before and it needed to appoint a general manager for each division. As a result of this structure the new managers needed to be trained to enable them to handle their divisions successfully. Therefore it required to establish a corporate training center for GE executives. So, finally the Management Development Center was set up in the year 1956 at crotonville, Newyork. It was the world’s first corporate university and a major milestone in the area of T&D for the company. 2nd Initiative In 1981, Jack Welch became CEO and he wanted to cut redtapism within the company. He was quick to figure