GMS 200 Lecture Notes - Lecture 6: Financial Services, Medical Device, Learning Organization

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Sui Sui

Document Summary

Figure 6. 1 the roles of planning and controlling in the management process. Planning to set the direction: decide where you want to go, decide how to best go about it. Controlling to ensure results: measure performance, take corrective action. Planning: the process of setting objectives and determining how to best accomplish them. General electric (ge) is an american multinational conglomerate corporation: appliances, power and water, oil and gas, aviation, healthcare, financial services, transportation and capital which cater to the needs of home appliances, medical device, life science, pharmaceutical, Loves golf (since he worked there for a while) Wanted to quit ge after working there a year. Even though he has a speech problem he still goes out to do public speaking. Figure 6. 4 how participation and involvement help build commitment to plans. In november 2000, ge announced that jeff immelt would succeed jack welch as the chairman and ceo of the company.