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Growth through the eyes of GE's Immelt

GE is a world-class company and object of emulation for many. It is also a unique organization. The company is a true conglomerate, but one that is more than an investment portfolio. It operates in a diverse set of businesses ranging from aircraft engines and massive power-generating turbines to financial services and broadcasting. It is huge - $150 billion in revenu......

Full article >>> to become a consistent generator of organic growth. As a result, GE has set out to create a process for making experimentation and collaboration as engrained in the company psyche as productivity and fiscal accountability.

GE's Growth Approach

The company's new growth "process" is actually a set of different focus areas each with its own special initiatives and practices.......

Full article >>> oke interchange to inspire new plans.

Another practice employed is "Imagination Breakthroughs". These focus top management's attention and resources on promising ideas for new revenue streams emanating from anywhere in the organization. Ideas that make the cut get Immelt's blessing and don't have to go through the normal budget and approval process. These are longer-term big potential pro......

Full article >>> s, "One of the things I've learned from experience is that you can run a productivity company and not give a lot of straight 'yes' or 'no' answers. You can make your base costs by cutting everybody by 10% and you can do okay for a long time that way. But you can't drive a growth company by cutting everyone by 10%. You have to make higher level moves and take clear, decisive decisions."

No......

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Is your company pursuing a strategy to produce organic growth? If so, what is it doing to enable employees to fulfill this mission? Please e-mail Tony DiRomualdo at tdiromualdo@yahoo.com to share your experiences and perspectives.

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