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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1879 |
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Innovation ? ? As we mentioned earlier, much of the growth experienced at GE under Welch was attributable to his ability to both remove the weaker players, and to innovate the processes. Immelt has a different challenge, with a very different solution. Under Immelt, GE funds "Imagination Breakthroughs" to turn their customer needs (generated from top leaders in the company) into products that must generate $100M or more...
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Immelt has a different challenge, with a very different solution. Under Immelt, GE funds "Imagination Breakthroughs" to turn their customer needs (generated from top leaders in the company) into products that must generate $100M or more.
So, what does all of this mean? You are probably asking yourself, "Should I emulate Jack, or Jeff, (or Joe)?"
The core takeaway from all of this is not that Welch's models for leadership, success, and development would not work today (because we feel that Welch would be implementing a very different strategy if he were GEs Chairman in today's economy), but that both Immelt and Welch were able to create and match GE's Horizon 1+2 execution plan with its Horizon 3 strategy...
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