JACK WELCH
An American business executive, author, and chemical engineer. He was the former Chairman and Chief Executive Officer of General Electric from 1981-2001. During his tenure in GE, Welch raised its market value to $410 billion. He earned the reputation as one of the top CEOs of all time and was recognized as the Manager of the Century in 199 by Fortune magazine. Welch’s management style include embracing change and reinvention, leading not controlling, giving employees responsibility and freedom, being focused and consistent, and following up.
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Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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