Essay on Oil & Gas conservation and its relevance nowadays

Is Oil and Gas Conservation Relevant? Oil and natural gas are non-renewable sources of energy. There have been numerous attempts to minimize the depletion of these two resources. Scientists have proposed many  reasons for the high importance of their conservation. Oil and natural gas conservation involves the use of these resources in a better and a more well-organized manner with respect to economic, social and ambient expenses and rewards, contributing to more efficient energy utilization practices and  the reduction of the damage dealt to the ecosystem. This article evaluates the ways in which oil and natural gas can be conserved, and describes the expected results of these conservation measures. Conservation of oil and natural gas remains a problem in many countries around the world. One of the most evident proofs of this is a global increase in its price. Consequently, each of us faces the responsibility of conserving these scarce resources. This involves the support of governmental oil and natural gas protection policies. Every single family should carry the responsibility of conserving state-owned resources. In order to control the use of oil and natural gas, governments should implement a number of policies. Moreover, motor vehicle users should be obliged to make sure that their vehicles tires are sufficiently inflated. The condition of the tires should be checked at least once a month. By doing this, fuel consumption is decreased by about 3%. Vehicle users should also plan their route in advance. If possible, people should consider other means of transportation: riding a bicycle, walking or taking a bus whenever possible. Another important method of energy resource conservation is the consistency of the vehicles speed. Statistics show that fuel  consumption decreases greatly when one drives at the speed of about 60 km/h. At the same time, lower speed is a safety measure. Drivers are also advised to use air conditioners, as this decreases fuel consumption while driving at high speeds, especially on the highway where the road is smooth. Conservation of natural gas can be achieved in the following ways: Use of compressed natural gas. Natural gas is much safer, since it reduces the production of toxic gases like sulphur and lead. It is also better in terms of mileage and environmental impact reduction Both at home and in office it’s better to use the equipment that minimizes heat loss while improving heat absorption. It is also recommended that  we turn on the oven only when we are ready to cook Solar equipment is great. Sun panels, heaters and cookers that

Reconstruction Of The Civil War - 1365 Words

Reconstruction is the era in the United States that follows the Civil War. During this time, the federal government set the conditions that would allow the rebellion Southern states back into the Union. The victory in the Civil War has granted four million slaves their freedom. After the Civil War, the Civil Rights Act of 1866, the thirteenth, fourteenth, and fifteenth amendments help protect the freedom of African Americans. They were granted the right to vote, obtain land from former owners, develop their own employment, use public facilities, and participate in political actions. Life changed dramatically for these free slaves. Most importantly, they no longer had to work under a slave master. The first amendment that allowed this to happen was the thirteenth amendment. It stated to abolish slavery in the United States and involuntary servitude. Following this was the fourteenth amendment. It gave citizens equal rights and equal protection of the laws. This amendment ap plied mostly to the freed slaves. The third amendment that protected freed slaves was the fifteenth amendment. It granted blacks the right to vote. However, life still stayed the same a little for them. Whites still were very harsh toward them and look down upon them even after blacks were given the same rights as whites. Many Southern whites reacted with anger towards the freedom of blacks. They felt as if they have been defeated. Many though of leaving the South. However, many southernShow MoreRelatedReconstruction Of The Civil War1108 Words   |  5 PagesAmerica’s Mindset Although the end of the Civil War and the beginning of the Reconstruction brought great hope to America’s four million former slaves, the efforts of Congressional Reconstruction ultimately failed to establish equal rights for the freedmen because the racist mindset still dominated American society at the time and Democratic influence steadily overcame Republican control in Congress. Despite the Union’s victory, the end of the Civil War brought many significant national problemsRead MoreThe Civil War and Reconstruction1315 Words   |  5 Pages Reconstruction The main issue between the states that seceded from the Union and those that remained in the former unity was that of states rights, of which the right for citizens to own slaves was of primary concern. It is often argued that one or the other was the main reason for the conflict, but they both played a major part because the people of the Northern United States and the Southern states of the nation lived such different lives. It is true that people in the North had owned slavesRead MoreReconstruction Of The Civil War951 Words   |  4 PagesHistory 11 7 May 2015 Reconstruction In the beginning of 1865, the Civil War came to a close, abandoning over 620,000 dead and a destructive path of devastating all over the south. The North now was confronted with the task of reconstructing the destroyed and aggrieved Confederate states. On April 11, two days after Confederate General Robert E. Lee’s submission, President Abraham Lincoln delivered his last public address, during which he designated a merciful Reconstruction plans and encouraged sympathyRead MoreReconstruction Of The Civil War847 Words   |  4 Pages Microtheme One - Reconstruction The Reconstruction happened in period following the end of the American Civil and the main goal was to reintegrate the Southern Confederate States back into the Union after they had been defeated by the Union (Northern States). As would be expected, the process was met with many challenges as the interests of both groups had to be addressed. There was debate over the terms under which the Confederate States would be allowed back into the Union, and whether it wasRead MoreThe Civil War And Reconstruction977 Words   |  4 Pagescalled the Reconstruction period â€Å"America’s Second Revolution†, his characterization was correct. Reconstruction can be viewed as a revolution because the previous social order, slavery, was replaced suddenly by a more favorable one, freedom for African-Americans. There was a long period of politicization for incorporating free African-Americans into white society. Reconstruction also revolutionized the preconceived notion that the states ha d autonomous power. The Civil War and Reconstruction were revolutionaryRead MoreReconstruction Of The Civil War1560 Words   |  7 PagesPrior to the Civil War, the United States’ economy was essentially agricultural based; slavery in the South was the key player in its prosperous economy. Hence, it is no wonder the South stood in defense of slavery’s permanence when challenged with the demand for abolition. The Southern proslavery Confederate states fought against the Northern antislavery Union states during the Civil War. The Union prevailed in the war and once the Confederates seceded and left the United States with a new predicament:Read MoreThe Civil War : The Reconstruction1398 Words   |  6 PagesThe civil war ended in 1865 and what followed was a kerfuffle, otherwise known as â€Å"The Reconstruction.† This was a period of violence and turbulent controversy ranging from racial issues to economic problems. In the book Reconstruction, Eric Foner wrote that â€Å"When the Civil War ended, the white South genuinely accepted the reality of military defeat, stood ready to do justice to the emancipated slaves, and desired above all a quick reintegration into the fabric of national life. Before his deathRead MoreCivil War Reconstruction1031 Words   |  5 PagesThe period after the Civil War was a very difficult time in the United States history. This time was known as the Reconstruction period and it was a very controversial time. There were many issues that had to be addressed such as what to do with the free blacks in the south and how states would be readmitted to the Union. This era saw the rise of the Radical Republicans. The government was going through changes, southerners were going through changes, and blacks were going through changes. WhitesRead MoreReconstruction Of The Civil War1054 Words   |  5 Pages As the civil war was ending many people could see that the odds of th e north winning increased dramatically however many people can argue this idea based on the several events that took place during the second phase of the civil war. Carl Schurz concluded, â€Å"The Civil War was a revolution, but half accomplished.†(Roark et al 434) Reconstruction started before the civil war ended until 1877, when people of the United States tried figuring out how to put the country back together. Many people hadRead MoreThe Civil War And Reconstruction1357 Words   |  6 PagesCivil War/ Reconstruction - Following the Civil War, the United States underwent a huge process of reconstruction to unifying and reconstructing the war-torn state. The nation still remained utterly divided between North and South in essentially all aspects of life including religion, race, and government. President Andrew Johnson,who succeeded President Abraham Lincoln enacted various policies in order to unite the country. These policies included friendly policies that pardon ed Southerners while

Film Noir Casablanca Essay Example For Students

Film Noir Casablanca Essay In The Thematic Paradigm, University of Florida professor of film studies, Robert Ray, defines two types of heroes pervading American films, the outlaw hero and the official hero. Often the two types are merged in a reconciliatory pattern, he argues. In fact, thisreconciliatory pattern found its most typical incarnationin one particular narrative: the story of the private man attempting to keep from being drawn into action on any but his own terms. In this story, the reluctant heros ultimate willingness to help the community satisfied the official values. But by portraying this aid as demanding only temporary involvement, the story preserved the values of individualism as well. (284)This reconciliatory pattern is vividly exemplified in Rick, the hero of the classic film, Casablanca. For example, when Rick repeats his non-committal, cold, tough guy stance to an offended customer, I stick my neck out for nobody, it is viewed as an outlaw hero characteristic. He appears to be the dangerous man from a gangster movie, but still promise the safety and comfort an official outlaw portrays. With Ilsa back into his life, he helps his love and her husband leave Casablanca at the end. He sacrifices his love to save her from being endangered from the law. Ironically, Rick is a man who once fought in war, yet he still remains neutral with others. He allows equal status with individuals. A war is going on between the German and the French, but he doesnt take any of their side. After tragically losing the love of his life the first time, Rick ceased to show any political involvement or any strong political beliefs and began to worry only about his own well-being.Being an outlaw, Ricks character cant have friends, but he can have buddies that join him in his adventures. With him through thick and thin is Sam. Sam plays the piano at Ricks Caf Americian. He is a man running from the law who meets up with another man doing the same. Every outlaw also needs a semi-corrupt law official to help him escape and Captain Renault is that character. This buddy-buddy relationship becomes the start of a beautiful friendship, but not a friendship as we would normally think of. They will be there for each other, but only to bail each other out in time of need. Rick is like many western heroes, who took the law into his own hands, replacing an insufficient, corrupt system with his individual standards of right and wrong. Words/ Pages : 438 / 24

Case Analysis Jeff Immelt and the Reinventing of General Electric

Question: Describe about the Case Analysis for Jeff Immelt and the Reinventing of General Electric Answer: Introduction GE was founded in 1892 under the leadership of Charles Coffin, from the merger of two great innovative companies which were Thomas Edisons Electric Company and Thomas Houston Company. Under his leadership span of 30 years, GE was able to transform itself from a research and development of electrical products to a much marketable product based company. After Charles, the patron was handled by many great leaders such as Ralph Cordiner, Fred Borch, Reg Jones and Jack Welch. Jack Welch is considered to be one of the great management gurus who transformed GEs portfolio from manufacturing business to financial services in particular. However, Jeff Immelt who was appointed CEO in 2001 has a different perspective towards the growth of business which involved retransforming of GEs business portfolio mainly focusing on two core sectors, infrastructure and financial services. Under the leadership of Immelt, the company has gone through various obstacles in their business which has been exaggerated by the 9/11 incident which has plummeted the revenue of GM to a greater extent. Therefore Immelt has identified main four areas where they decided to explore new opportunities which have become essential for the continuous growth of the business, which are as below: Demography: GE has visualized the increasing trend of the older population resulting in the increase of demand of the healthcare services. They have also forecasted the population growth in developing countries which creates the opportunities for the entertainment businesses. Infrastructure: GE predicted a huge increase in demand in the infrastructure sector hence decided in positioning itself much more in the infrastructure sectors and related financial services including the opportunities in energy, aviation, rail transport and many other areas related to infrastructure. Emerging Markets: Immelt has gauged the growing development in the Asian countries and Middle East countries which can prove to be great hub for setting their base to increase the profitability growth. Environment: The problems associated with the global warming, climate change, water scarcity and conservation created opportunities for GE to trap these opportunities and convert them into profitable business. But in capturing these opportunities, GE has decided to change their management model which was prevalent from the time of Jack Welch. During the period of Jack Welch leadership, the major industrial sectors were divided into smaller sub units which has created a more responsive company and have clear defined roles and responsibilities whereas Immelt has opted for the cross business integration approach where the industrial sectors were divided into smaller number of broad based sectors and they have to work cross functionally to achieve their goals and targets. He has reduced the number of business units which were direct reporting to him from twelve to five but looking at the companys un-stability, in 2010 he further increased it to seven. The key challenge was to maintain the profitability and cost control with increase in investments in innovation involving smaller or bigger risks. GEs performance metrics as devised by Immelt also lead to discouragement in business unit heads in taking up new opportunities. The managers in GE were not satisfied with the new working culture of working cross-functional, cross-market and cross-company which created complex coordination problems. GEs performance based metrics and the culture of internal competition are proving much more difficulties in working cross-functional and cross-divisional. 1. From the period of Charles Coffin when GE was formed from the merger of Thomas Edisons Electric Light Company and THC, its main competencies has been the innovation based product oriented organization. Chairman Ralph Cordiner along with Peter Drucker had formalized a new approach to corporate management. Under the leadership of Fred Borch, the companys management system was based on SBU and portfolio analysis which also became the benchmark for the management model of many companies. During the period of 1973 to 1981, Reg Jones collaborated the strategic planning to its financial management systems. The period of 1981 to 2001 were the golden days in the history of GE, Jack Welch became CEO of the company and during that period, companys revenue grew fourfold and net income grew seven times from under $2 billion to $14 billion. But after 2001, GE went through a turbulence of problems created through the changes in the global market and socio-economic condition of the US and during this period Immelt has taken the leadership to maintain the stability of the company and also to diversify the companys progress in many different un-trapped opportunities. During the period of 1981-2001, GE was under the transformational leadership of Jack Welch where the company was undergoing through a transformation from a product based company more towards concentrating on the financial services. The performance was measured by the achievement of the targets which were continuously monitored and powerful incentives were also rewarded to the one who accomplish in achieving the high standard of targets. He was very much against the bureaucracy and removed the hierarchy layers (Styler 2003). His management style was direct and personal where the managers were assigned high targets and his team was always under huge pressure to achieve those targets. He introduced Six Sigma to improve quality and reliability and also started the initiative to adopt the internet technologies in their working environment. Jack Welch used three circle concepts where he has divided the services, technology and core competencies of GE which helped to devise the strategies c learly and realistically. Three Circle Concepts Jeff Immelt was appointed CEO of GE in 2001 after Jack Welch. Jeff had stablished the company during the turbulent times of 2001-2012. The central theme of Immelts strategy is based on the organic growth. He has identified four key areas where he developed strategies to trap the opportunities as forecasted by him in the days ahead. The four external trends which proved to be the growth opportunities for GE are: Jeff Immelt decided to exit slow and dormant businesses and to reallocate its resources to business where there is strong growth prospect and to enter new industries. Therefore Jeff has bought many companies to increase its innovative capabilities and also sold few of its units which were not making much profit and becoming the dead assets. GE identified few existing sectors where certain reshaping and transformation is required to increase the growth and to meet the future demands, which are mainly four technological units i.e. healthcare, energy, broadcasting and entertainment and technology infrastructure. 2: The market condition has become very dynamic these days and the continuous development of a company depends on the dynamics of markets as well as on the socio-economic condition of a country. Since nowadays, the Asian market comprising mainly China and India and Latin American countries such as Brazil are developing at a much faster rate and are transforming into the hub of many big players of market. There is abundance of growth opportunities in these nations and resources are also available at much higher quantity and at lower cost. However the customer demands are changing at such an tremendous rate that continuous innovation in the existing products as well as development of new products have become the necessary part of the market strategies. Considering GE as a company which has a strong base in the innovation and high technology in developing healthcare products, entertainments services, construction equipment and services, infrastructure services and in financial services needs to be very proactive in gauging the opportunities as well as the threats which are present in the current market scenario. 2015 2014 2013 Revenues( in millions) $ 117,366.00 $ 117,184.00 $ 113,245.00 Net Earnings (in millions) $ (6,126.00) $ 15,233.00 $ 13,057.00 Total Assets(in millions) $ 492,692.00 $ 654,954.00 $ 663,247.00 Source: GE Annual Report 2015 Comparison of Revenue and Net Earnings (2013-2015). According my perspective GE should be focusing on two main important points i.e. Entry into new markets Innovation and development of new products. Entry into New Markets Under the supervision of Jeff, GE has entered into the international markets of the developing countries. From the table listed below also shows that the revenue generated from Non US in 2015 is $ 64.10 billion whereas in US it is $ 53.20 billion, therefore the revenue generated from outside US is much more than US and this trend is gradually increasing from 2012 (GE Annual Report 2015) Geographic Revenues( in billions) 2015 2014 2013 US $ 53.20 $ 51.10 $ 49.40 Europe $ 16.80 $ 18.40 $ 18.20 Asia $ 19.30 $ 20.20 $ 20.90 Americas $ 12.00 $ 11.80 $ 11.30 Middle East and Africa $ 16.00 $ 15.60 $ 13.50 Non US $ 64.10 $ 66.00 $ 63.90 Source: GE Annual report 2015 Revenue (US vs Non US) Revenue (in billions) of Non US regions And still there are lots of opportunities available in the foreign markets and there are areas where the resources and related opportunities have not been explore till now for e.g. the current areas on the clean source of energy and areas under the artificial intelligence and machine learning where the companies are competing with each other and GE has the capabilities and technology to trap these opportunities by investing in the RD of IOT and machine learning which will generally automate the things. GE should continue to focus on the innovation of current range of products according to the needs of the international customers and in the meanwhile it should develop new products considering the emerging and changing customer behavior and buying patterns. Innovation and development of new products Immelt strategized to reshape the GEs business portfolio by creating new growth platforms which mean advancement or extensions of the existing businesses or entirely into the new areas of business. In most of the cases, GE growth platforms are the areas of business which are already existed but they have been made at par with the current market needs and technological advancement by the acquisition of some of the pioneer companies. The following are the examples: Healthcare Healthcare industry is one of the main sectors of GE where it was the global leader in the diagnostic imaging including X-ray equipment, CT scanners and MRI scanners. Immelt has acquired Amersham which was a diagnostics and medical equipment company, HPSC for financial services in medical and Abbott Diagnostics, which was the world leader in vitro diagnostics to expand its range of products and to enter into the international market. Energy As power generation being the GEs oldest business and well developed equipment supplier to oil and gas sector. And Immelt visualized energy as a prime factor in the growth of GE and business opportunity in finding the various sources to trap alternate energy. It acquired Enrons wind energy business, BHA Group supplying equipment in emission reduction, Chevron Texaco and AstroPower which supplies products related to solar energy. In the field of oil and gas sector, GE acquired Vetco Gray and Hydril Pressure Control to diversify its product range and services. Broadcasting and entertainment services Main acquisitions were Telemundo which has enabled GE to enter in the Spanish market and Vivendi Universals entertainment business that helped to enter into business strategic areas of film studios and theme parks. In 2009 NBC universal was merged with Comcast with 49% under GE and 51% under Comcast. Technology Infrastructure Immelt believed that the development in the technology infrastructure industries could give GE a competitive advantage where growth platforms as identified are security systems where GE acquired Vision Technologies, Edward Systems and Interlogix, water treatment technology where GE acquired Ionics and BetzDearborn and aerospace where GE acquired Smiths Aerospace to diversify in the avionics. As the part of exit strategy, Immelt decided to reduce the services of GE capital and sold 60% of GECIS to private equity companies, Oak Hill Capital Partners and General Atlantic. GE Advanced Materials business unit was sold to Apollo Management and GE Plastics was sold to Saudi Arabia Basic Industries Corporation. Whereas GE Insurance Solutions and GE life was sold to Swiss Re. Dr. Robert Kaplan and David Norton developed a model known as Kaplan Balance Scorecard as a performance measurement tool (Kaplan Norton 1995). It helps to evaluate and monitor the success of the strategies. Kaplan Balance Scorecard evaluates the strategies on the four factors which are efficiency, financial performance, satisfaction and knowledge and innovation. Efficiency is determined from the internal business process, financial performance is measured by the value given to the stockholders, satisfaction is counted by the satisfaction level of the customer and knowledge is calculated by the technical capacity of the organization. Kaplan Balance Scorecard 3: Comparing the journey of GE under the leadership of Jack Welch and Jeff Immelt is one of the biggest management cases in top Ivy League colleges. In my perspective, the comparison cannot be justified because the external factors during the tenure of each of the leaders have been very different. During the tenure of Jeff, GE has gone through of the biggest downturn of its history as it has faced through the recession and also the economic breakdown due the 9/11 attack on US, which has reduced the prices of the shares from $53 to $6 in 2009 whereas it has increased to $19.81 in 2012. But during this period Jeff has completely transformed the business management model and organizational structure of the company to prevent the company from loss of credibility and market.( Fox 2002) Jacks management style was completely different from the management style of Jeff Immelt. Jack Welch was a good strategist and had a talent to look for opportunities and to manage the threats. He generally believes in excellence and always keeps his team on their toes to meet the targets. He followed a transformational leadership where he has transformed the product based company to much more incline towards the financial services as GE capital was the primary growth engine of GE. Jack was a ruthless task master and focused on short term goals and its achievement. He was against the bureaucracy and removed the layers of hierocracy from the organization. He was more focused on developing its European Markets and US markets. He has emphasized on increasing quality and reliability of the products by introducing of Six Sigma Methodology. (GE Annual Report 2000) Section C system was the main performance tracking system which plan the careers of the managers and formulate every succession plans of every management position at GE and this Section C reviews were all day events and was the part of the GE work culture. During the tenure of Jack Welch, the financials improved to a great extent and that can be justified from the below table: 2000 1999 1998 Revenues( in millions) $ 129,853.00 $ 111,630.00 $ 100,469.00 Costs and expenses (in millions) $ 111,407.00 $ 96,053.00 $ 86,992.00 Net Earnings (in millions) $ 12,735.00 $ 10,717.00 $ 9,296.00 Basic earnings per share $ 1.29 $ 1.09 $ 0.95 Source: GE Annual Report 2000 Financial Comparison during Jack Welchs Leadership Jeff Immelt used a participative leadership style where he follows a friendly and regular guy approach in communication to his managers. He was more people oriented and focused on the finding new growth platforms in the developing countries such as India, China, South Asian countries, Latin American countries and Middle East countries. Jeff emphasized more on innovation and invested in RD. He primarily shifted GE focused area from financial services to more into the infrastructure products and services. He has introduced the cross-functional work culture and each and every manager is evaluated on the performance metrics which are quantifiable in nature. He focused on long term goals and customer oriented approach in marketing the products. He has reduced the business units from twelve to five who are reporting directly to him whereas in 2012 he made it seven. (GE Annual Report 2012) He reallocated the resources to the sectors where the growth prospects were strong and emphasized on n ew businesses. The financial conditions of GE during 2001-2012 were affected due to the recession and the terrorist attack on US which has slowed down the growth of GE. The financial comparison of GE is as follows: 2012 2011 2010 2009 Revenues( in millions) $ 147,359.00 $ 147,288.00 $ 149,567.00 $ 154,396.00 Net Earnings (in millions) $ 13,641.00 $ 14,151.00 $ 11,644.00 $ 11,025.00 Total Assets(in millions) $ 685,382.00 $ 718,189.00 $ 748,491.00 $ 782,714.00 Source: GE Annual Report 2012 Financial Comparison during Jeff Immelts Leadership The following table shows the comparison between the Jack Welch management style and Jeff Immelt management style. Jack Welch Jeff Immelt Transformational Leadership Participative Leadership Removed the layering and hierarchy Again introduced layering and reduced the business sectors reporting to him from 12 to 5 and later on increase to 7 Ruled through intimidation and cult figure Opted for friendlier and regular guy approach. Focussed more on financial services. Focussed more on infrastructure. Each business units has clear boundaries from the other business units. He favoured flexible boundaries and focussed on cross-functional working culture. Focussed on attainment on targets. Focussed only on quantifiable outputs. More on developing US market and European Market Moving towards new global growth platforms in the developing countries References: Tichy, N. and Charan, R.. (1989), Speed, simplicity, self-confidence: An interview with Jack Welch. Available at:https://hbr.org/1989/09/speed-simplicity-self-confidence-an-interview-with-jack-welch (Accessed: 5 may 2016). Srivastava, A., Bartol, K.M. and Locke, E.A., (2006). Empowering leadership in management teams: Effects on knowledge sharing, efficacy, and performance, Academy of management journal,49(6), pp.1239-1251. Avolio, B.J. and Yammarino, F.J., (2013),Transformational and charismatic leadership: The road ahead, Emerald Group Publishing. Walker, A., (2014). 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(1998) Analyzing foreign market entry strategies: Extending the internalization approach.Journal of international business studies, pp.539-561. Meyer, K.E., Estrin, S., Bhaumik, S.K. and Peng, M.W.(2009) Institutions, resources, and entry strategies in emerging economies.Strategic management journal, vol.30(1), pp.61-80. Das, T.K. and Teng, B.S. (2000), A resource-based theory of strategic alliances, Journal of management, vol.26(1), pp.31-61. J.R. Immelt, V. Govindarajan and C. Trimble, Hoe GE is Disrupting Itself, Harvard Business Review, October 2009: pp. 56-65. General Electric.(2012).Annual Report - 2012,GE Works. General Electric.(2000).Annual Report - 2000,GE Works. General Electric.(2015).Annual Report-2015 GE Works. General Electric.(2002) Letter to Stakeholders, General Electric Annual Report, 2002. Kaplan, R.S. and Norton, D.P., (1995). Putting the balanced scorecard to work.Performance measurement, management, and appraisal sourcebook, vol.66, p.17511. Kaplan, R.S. and Norton, D.P., (1996).The balanced scorecard: translating strategy into action. Harvard Business Press. Kaplan, R.S. and Norton, D.P., (2001). Transforming the balanced scorecard from performance measurement to strategic management: Part I.Accounting horizons,vol. 15(1), p. 87-104. Prokesch, S.(2009). How GE teaches teams to lead change.Harvard business review,87(1), pp.99-106. Grant, R.M., (2005). General electric: Life after jack.Cases to accompany contemporary strategy analysis (Fifth ed., pp. 336-353). United Kingdom: Blackwell Publishing. Fox, J., 2002. What's So Great About GE?.Fortune (March 4), pp.65-67. Slater, R., 2003.Jack Welch and the GE Way, Tata McGraw-Hill Education.