Managers face a lot of challenges and pressure from different directions. For a new manager, the problems can be even greater and quite difficult to handle. When Jack Welch joined General Electric in 1981, huge constraints and limiting factors lay in front of him. He had to fill in the shoes of a strong and successful predecessor who had done a lot of good work in the company. He had to perform better than his predecessor and take GE to another level. Also, at the time Jack Welch joined the company, it was not performing at its best, and a lot was required to revive the productivity of the company. The other, even bigger, constraint was the fact that the market was increasingly becoming globalized, and new competitors with new strategies were flooding in and taking large shares of the market. General Electric needed a readjustment in order to compete and keep its share of the marketplace. A changing marketplace is always a huge problem for managers as they have to come up with new strategies that would ensure they keep their competitiveness and also help the whole company adapt to the changes in operations and the changes in the marketplace.
The American economy was hit by yet another massive recession in the early 1980s, causing the US dollar to depreciate in its value and leading to a rise in unemployment throughout the country. Economic recessions are some of the biggest and most challenging constrains that a company or a manager would have to deal with. Companies often have to let some of their employees go as there may not enough finances to pay all the employees during such times. As a new manager, Jack Welch had to make very difficult decisions in order to keep the company alive through that difficult period.
Delegate your assignment to our experts and they will do the rest.
