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Noel M. Tichy,Stratford Sherman

Control Your Destiny or Someone Else Will: How Jack Welch Created $400 Billion of Value By Transforming GE

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  • Menna Abu Zahrahas quoted3 years ago
    The CEO invited candidates to informal tête-à-tête dinners, asking them for not only their visions but their feelings about other GE executives.
  • Menna Abu Zahrahas quoted3 years ago
    Every business participated in the initiative Welch dubbed “destroyyourbusiness.com,” finding opportunities to bring their business processes on-line before high-tech competitors could discover and exploit their vulnerabilities. (The program was later renamed “growyourbusiness.com.”) During 2001,
  • Menna Abu Zahrahas quoted3 years ago
    by Plastics, Power Systems, and NBC, the company began launching websites.
  • Menna Abu Zahrahas quoted3 years ago
    But once he understood the opportunity, GE jumped in.
  • Menna Abu Zahrahas quoted3 years ago
    described as the biggest business event of the last 100 years.
  • Menna Abu Zahrahas quoted3 years ago
    which Welch has de‍
  • Menna Abu Zahrahas quoted3 years ago
    GE was late to recognize the importance of electronic commerce,
  • Menna Abu Zahrahas quoted3 years ago
    GE is training perhaps 30,000 of its most promising executives as Six Sigma “black belts”; through them, Six Sigma is thus becoming yet another instrument of cultural change.
  • Menna Abu Zahrahas quoted3 years ago
    Six Sigma has generated returns of $7.1 billion.
  • Menna Abu Zahrahas quoted3 years ago
    Six Sigma initiative is a rigorous, data-intensive effort to bring the output of business processes up to that standard of near perfection. GE has invested $2.1 billion in this project over five years.
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