General Electrics HR Policy Essay - 843 Words

GE’s Talent Machine : The Making of a CEO Founded in 1878 by Thomas Edison, General Electric is nowadays a leading business in electrical generation, distribution and use in America and in the world. The company has been experimenting successful business models since its creation, and its human resources policy has been considered for a century one of the most sophisticated. It consists in a strong focus on human potential through executive development to the top ranks of the firm: this performance based meritocracy has made GE a â€Å"CEO factory† for the company and for all corporate America. In 2001, Jeff Immelt, the company’s new leader was faced with the problem of how to keep this talent machine humming.†¦show more content†¦The â€Å"CEO factory† thus became effective when GE no longer felt the need to compete for business graduates because the company had become attractive and offered its particular kind of bottom-up, company oriented, meritocracy based career. These cultural changes wer e accompanied by a shift of performance evaluation towards company’s objectives and values, with a strong intervention of HR experts and a daily performance management (â€Å"in GE, it’s not just a focus on people; it’s an obsession†). ________________________________________ Jeffrey R. Immelt is a pure product of this system: he underwent harsh evaluation, corporate courses, career planning and was confronted to economic challenges (in the Appliances, Plastics and Medical Systems businesses). He successfully passed every step of the performance evaluation and was finally picked as the new CEO in 2001, based on his adaptation skills and his attachment to the company’s performance and values. The day after his nomination was the 9/11, but Immelt’s commitment to growth remained intact. HR were a key factor in his strategy of strengthening the assets of GE,: Immelt aimed at aggregating the engineering talents of GE (to keep a technological leadership), at facilitating the communication (to accelerate the services), at promoting a â€Å"passion for the customer† (to ensure enduring customer relationships), at focusing on human capital (as a resource reallocation) and atShow MoreRelatedLincoln Electric s Business Model1648 Words   |  7 Pages1 Introduction Headquartered in Cleveland Ohio, Lincoln electric’s business model consists of distributing welding consumables, equipment’s and solutions. Lincoln initially traded electric motor cars and steadily moved on to welding. Lincoln’s vision, led by founder John C. 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