GE certainly looks to have moved out of the Jack Welch era, which speaks volumes about the inherent strengths of the company. In fact, even Immelt is only implementing a well laid out plan, which depends least on any particular leader’s initiative. Almost like an objective oriented democracy, GE can run as effi ciently even if Immelt were to be replaced by, say, nobody. GE remains, for the sixth year in succession, in 2006, America’s most admired company (Fortune). Without doubt, in organic growth and in conglomerate diversifi cation, GE has certainly shown the global corporate world a new way – the GE way!
