Strategic change
1.
From the start Welch started, his tenure at a very demanding period since all the sectors of the economy was facing recession. There were high interest rates and a tough dollar intensified the situation. The country was going through difficult times with most people being laid off due to depression in the economy. This situation ideally was too difficult for any manger that had just joined the company and high expectations were anticipated from him. What could he do was what many remained speculating on whether the new CEO would meet the standards of his predecessor (Bartlett & Wozny, 2005).
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