GE, Jack Welch's leadership

1. Introduction Leadership is motivating and guiding people to reach a shared goal, and it influences them while operating to meet organizational requirements and improving the organization through change. The end of the 20th century saw economic boundaries between countries crumble, as businesses became more complex, global, and knowledge driven. Leaders should realize that if their companies are to survive in this environment, they must make decision quickly, and they have to continue to make change. …

…company. Furthermore, the leader should create an environment in which people are encouraged and comfortable to experiment and take risks, that is what leaders and management should to think about. Reference Best practice, Last updated on Aug 20, 2005, available from: http://searchvb.techtarget.com/sDefinition/0,,sid8_gci498678,00.html, [June 24, 2006]. DuBrin, J., Andrew (2006), Essentials of Management, Seventh Edition, Thomson Higher Education, OH, USA. 2006, available from: http://changingminds.org/disciplines/leadership/styles/situational_leadership_hersey_blanchard.htm[July 4, 2006]