ウェルチの「No.1 No.2戦略」と撤退

GEの事業売買とスワップの事例を中心に

抄録

Welch yielded CEO to the successor, Immelt , and retired on September 7, 2001. The U.S. huge multinational company GE developed strategy called the “restructuring” in the form M&A&D (Mergers & Acquisitions & Divestitures) from immediately after the Welch arrival at the post in 1981. “No.1 No.2 strategy” is the example that carried out the restructuring for maximization of whole company-profits powerfully.

This paper is the case study of the report “Strategy of Divestment on U.S. Multinational Corporations -From View of Restructuring-” in 2001, and the paper in 2002. The research on divestment is hardly taken up, although divestment increases quantitatively and has come to have the feature qualitatively in increase of strategic nature in the 1980s. Moreover, it is also a reason for taking up GE to have felt the question for the tendency to introduce the “Restructuring of GE way” positively in not only the U.S. but also Japan or Asian countries.

This report makes it a subject to clarify the side of the multinational company which gives priority to maximization of global whole company-profits by investigating GE “No.1 No.2 strategy” in detail. Contrary to shining management achievements, GE is not interested in development of the world economy or national economy, and is troubling the life of employees.