Globalization Influence on General Electric Research Paper - 5

Globalization Influence on General Electric - Research reputation ExampleIdeally, GE relies on its engineers and research scientists for continued growth and given that these people are from assorted backgrounds, then this brings about cultural differences. Due to these cultural differences, then these experts need to be managed in a different manner. However, the charge at GE feels that their well-established processes are capable of adopting all these people and make undisputable that they tick off into the organizations processes and hence ensure that it has continued success. However, this has non been the case and the participations shares have been plummeting since the exit of Jack Welch, the companys former CEO who was credited with introducing numerous management practices that insured success for the organization (Hill, 2010). Since the exit of Welch, the company has tried to come with a one fit all strategy to handle its staff. With the business environment becoming m ore complex in the joined States, GE has been forced to turn to China where there is a guarantee of constant business for the conglomerate. However, this has not borne many fruits since the management did not try to come up with new management practices but instead adopted its traditional way of doing business in America. This was not actually what the management expected (Morrison, 2012). In order to deal with the arising changes in its Chinese firm, GE sacked all the expatriate managers since it felt equal they were not performing. Naturally, when GE replaced the expatriate executives, the new ones that they exported also failed to deliver the expected results and it took so long for the company to get on its own feet. However, the Chinese firm has not been successful and in the next some years after inception, it experienced numerous unwarranted expenses that drove up the operating cost significantly.