group iii presentation final
TRANSCRIPT
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Introduction of group Ram Krishna Voices of innovation summary - Prabin
Discussion questions:
Ans. 1. Prabin Ans. 2. Bhagwati
Ans. 3. Jeetendra
Ans. 4. Bhagwati
Ans. 5. Prabin
Conclusion - Ramesh
Q/A session Ram Krishna
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Aspirational leader mindset for innovation Calculated risks to be taken as a bet
Carrying that innovation for growth
External focus needed resources aplenty Good innovations towards growth & company
image is well respected globally
Chinese market infrastructure & rule of law
Huge focus on fnancial system(China)
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Targeting slower paced places like Europe not been good experience in Germany
Research center Marketing & Research tool
Part of big industries healthcare, energy,infrastructure, finance (30 total)
GE of the future determined by how integralGE is globally
Investors seek consistency energy &insurance, a volatile combination
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Ans.1. Aspirational leader
Visionary in his passion to take GE to another level
Focused, commited to the task at hand
Determined, focused and dedicated towardsimproving organizational culture to fit globalstandards
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Ans.2. GEs past CEO Jack Welch hired & fired differently
Immelts selection is similar to Welch but not sodirect
Takes employees in pursuit of the organizationalgoal through by rewards system like directely andindirectly motivating them
Changed the way employees are handled regarding
any bad news like dismissal but tries to convey it bybeing empathetic to employees grievances
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Ans. 3. It depends on many factors such as language,
culture, customs, society etc
They will not be embraced, the reason is that older
employees perceive the newer ones as directcompetitors and not welcomed with both hands
It might have a detrimental effect on the workingstandards, as conflicting obligations towards workmay occur resulting in delays and not beingconducive towards the reaching of theorganizational goal
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Ans. 4. Changing organizational culture by instilling belief
in the minds of employees towards achieving thegoals of organization by using motivational tools
and grievances control through appropriatefeedback from employees
Also, the global organizational culture of GE insome areas not so profound e.g. Germany forsuch regions, design a proper marketing strategy tocompete with the likes of Siemens and Philips andchallenge them for share of German market
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Ans. 5. Hardest task will be to manage the conflict arising
in organization with the added pressure ofmanaging them but at the same time not hurting
their sentiments in the process. Immelt must possess good assertive skills
learning how to say NO in such a manner as to nothurt the feelings of others
Managing different SBUs so that targets arefulfilled and deadlines dont get postponed
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Ans. 5. Yes, we think he does so.
All of his statements seem to be very direct, likehaving a hidden motive or agenda e.g. even in
comparison with Jack, he shortens the reply to suchan extent that it has hidden meaning
He is not transparent because only the financialfigures are revealed by him whereas the otherfigures are omitted, maybe on purpose
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Immelt portrays himself as a mix of anautocratic and Laissez faire leader
His traits and attributes do not suit him as aleader
He should have been a manager as hisresponsibilities as a leader and his actions asa leader are in conflict
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His vision for the company is good, but thepathway to get there is very muddled orconfusing
He does have a plan for getting there, but needssupport from other top level management sothat the mission, vision, strategy(corporate &HR) go side by side toward the betterment of
the company both financially as well asstrategically in an effective manner
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