GE Restructuring ( Jack Welch Wave Started)

General Electric (GE) has proved again again in coming up with good restructuring exercise. It started 24 years back when Jack Welch started consolidating GE from presence in 166 business lines into just 52.

Jack's Formula was simple.

1. Classify business lines which contribute in slab of >50, >25, >15 and <5>

2. Close the business where GE is not in Top Two.

3. Give opportunity to such business to become no. 1 or 2 or close down in Six months.

I think similar excercise started in ASIA Pacific.

Visit
http://all2ponder.blogspot.com/2004/11/ge-consumer-finance-eyes-malaysia.html
for the Movers and Shakers in GE business line.

Interesting Retail business outlook for GE and quite acceptable changes espcially in India.

ING is also thinking of Smart Move in acquition. Finger's are crossed.