To find the context of this blog, please do read this one I published recently. To summarize, this is a part of knowledge sharing of my panel talk at GHCI. Just as a note of caution, please do not expect the below answers to be elaborate as these were conveyed in a time limit of 3-4 minutes. I have tried to recollect these to the best of my knowledge.
Jack Welch famously said that if a division at GE is not #1 or #2 in their industry, that division should be closed. He implemented that strategy at GE while he was CEO. How important is leadership style in driving the necessary portfolio changes?