Directions: Current events are important events happening in the world concerning people, places, things, and ideas....

60.1K

Verified Solution

Question

General Management

Directions: Current events are important events happening in theworld concerning people, places, things, and ideas. Watch or readthe news this week to select a story that portrays leadership or aleader – either famous or not. It may be a local, national, orinternational story that makes you think about leadership theories,concepts, skills, or traits. Then, including the items below,summarize the article: What was the headline of the story? Discussthe effectiveness of the headline in summarizing the story and/orin grabbing your attention as an article related to leadership.Briefly describe the factual content of the story related to theWho, What, When, Where, Why, and How – and, overall, how it relatesto leadership theories, concepts, skills, or traits. Describe theconnection between the article you selected and what you havelearned or know about leadership. Discerning fake news. Discuss theaccuracy of the facts used in the story. How do you know that thesources used were reliable and accurate? Provide examples and/orsupporting resources.

Answer & Explanation Solved by verified expert

4.4 Ratings (868 Votes)

The dismantling of GE continues It is selling yet another business httpseditioncnncom20181106businessgeneralelectriccurrentsalelightingindexhtml The headlines of the story refers to to the extensive makeover of General Electric which has been facilitated by Larry Culp after taking over as CEO of an organisation requiring extensive repair of its financial statements which represent the large mass created over decades threatening to sink the giant into deeper debt and oblivion The article provides latest information upon the actions undertaken by buy the new CEO Larry for returning the company to profitability by cutting away all the loss making activities the companies involved in including its association with the lighting industry which it pioneered initially this is aimed at reducing debt and cutting costs which are not providing value to the company in returns on investment The new CEO narikel is working extremely hard how to control the debt figures and increase the earnings to balance out the balance sheet by making it more presentable He has hit the ground running and has immediately identified all the loss making activities of the company Andaz proceeded to to dispose of them at the earliest with the best possible deals to facilitate a quick turnaround by concurrently making investments designed to bring in good returns for the company leading to a turnaround The article is about the importance of effective leadership being capable of efficiently bringing about a turnaround in the fortunes of a company through optimal implementation of strategic management This is the first time in the 126 years history of General Electric pattern outside has been invited to manage a company which has always prided itself on management excellence but has in the last 15 years been played by bad decisions relating to Mammoth takeovers and acquisitions with effective management and an organisational structure which has not been dynamic and flexible to adapt to to Rapid changes in the external environment The option was exercised as the only possibility in a last attempt to Salvage the wreckage of the company Larry See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member