Question: May I have the answer within 12 hours, Please? Please read the case carefully, and summarize and analyze the case for the strategy management subject.
May I have the answer within 12 hours, Please? Please read the case carefully, and summarize and analyze the case for the strategy management subject. The Turnaround of General Electric Case Study: Turnaround Management Under Three Different CEOs. In 2019, after one year in the position, H Lawrence Culp Jr, the first outsider chief executive officer (CEO) of General Electric Company (GE) was faced with the task of gaining the stock market's faith in his ability to turn GE around. During the tenure of his two predecessors (from 2001 to 2018), GE's stock price had declined significantly, and investors were concerned. The new CEO introduced the lean management philosophy and restructured divisions like GE Power to enhance free cash flow (FCF), a key concern of GE investors. By October 2019, analysts believed that strategies taken by him were not enough to improve GE's stock market performance. Could he, as an outsider, prove to be a better CEO than the insiders had been? How should he manage GE's business units? How could he increase FCF and the market valuation of GE? Should he continue with lean management?
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