GE performed exceptionally well under Jack Welch, the former CEO of GE. Jeffery Immelt, the current CEO, has made changes to the firm's corporate-level strategy and structure. These changes were necessary because the competitive landscape had shifted significantly. Immelt's actions resulted in

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Jeffery Immelt's changes to the firm's corporate-level strategy and structure were necessary because of a significant shift in the competitive landscape. These changes may have resulted in some resistance by organizational stakeholders who are accustomed to Jack Welch and the high performance which he brought to GE. The organizational slack generated by Jack Welch may have helped to facilitate a smooth transition, but resistance from stakeholders cannot be discounted. While Welch has an "iconic aura," it is not certain that Immelt inherited this aura, and even if he did, it is unlikely to be sufficient to overcome resistance to change. The replacement of the entire top management team is not mentioned and seems like an extreme measure.

GE Performed Exceptionally Well Under Jack Welch, the Former CEO