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Jeff Immelt on Business

Found out some note on my notebook when I listened to Jeff Immelt's speech during a meeting. Just some random notes.

Big vs Small

Credibility
Big + Fast always beat small + fast
Love and inspire people, but GE is not for everyone
Mistakes we still make
- Allow bureaucracy to win - too process based
- Too intenal/too American - lose love of customers
- Confuse current success with future position
- Metrics that reward the wrong behavior
- Play small

Leadership

I have stayed at GE for 25 years so that I could be in the front seat of history
Zoom in, zoom out...
"I don't believe in professional management".
4-5 things deep dive
Good managers show interest...
These is no substance of experience
Build something that last is beautiful

Innovation

10 years ago, everyone was trained by processes, like six-sigma. Now we are all about innovation
People has to be the core DNA of the company
You cannot just come to work and chop wood
You have to drive change and develop other leaders

Making deicisions and Communication

Make decision fast, faster and faster, for small companies, and large companies!
Decision cycle time
How the organization can be quicker
Clarity of community
Drive the speed
Decisive = clearly Yes or No
Clarify is key
When we go, we go
Make a very clear call

On Exit

Someone can run the business better than us, it is time to exit
A company that makes money from chaos.
In a good company, you always has to prioritize very hard
GE is all about system, that is tough to match

Posted by Jian Shuo Wang at March 5, 2008 9:48 PM
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Comments

i think any people who in lead have their philosophy on manage.
and the way they hold doesnot means will match others .

Posted by: lin on March 6, 2008 9:49 AM

He listed "too process based" as the first thing as a mistake. That should trigger some thinking. Currently it seems all people in China think that "process" equals "morden management" equals "management style that brings you success".
This can't be true.

Posted by: xge on March 6, 2008 1:49 PM