Keywords: Ggeneral Electric, corporate succession, Jack Welch, corporate strategy
General Electric after Jack Welch: succession and success?
Succession in large established corporations is a difficult process, particularly after a charismatic leader. This paper discusses the succession at GE, after 20 years of leadership by Jack Welch. One theory states that GE is built to last and the "GE System" will take care of the transition from Welch to his designated successor, Jeffrey Immelt. The second theory states that Welch is a unique leader who controls GE's destiny and will be difficult to follow. The challenges to Immelt and two strategic alternatives that he could adopt are discussed.