Old Way - New Way
Copyright Jack Mixner. 714 449 1040. www.mixnerstrategy.com
Welch is no longer managing GE. The GE management dogma is changing. Morris makes some suggestions on some changes (Morris, page 2):
- OLD WAY ... NEW WAY
- Big dogs own the street ... Agile is best; being big can bite you
- Be No. 1 or No. 2 in your market ... Find a niche, create something new
- Shareholders rule .. The customer is king
- Be lean and mean ... Look out, not in
- Rank your players; go with the A's ... Hire passionate people
- Hire a charismatic CEO ... Hire a courageous CEO
- Admire my might ... Admire my soul.
Strategic Implications
Times have changed. Things are different. Take notice.
References
Morris, Betsy. Tearing up the Jack Welch playbook. Fortune magazine. 11 July 2006.