Jeffery Immelt responds to:
How do you encourage innovation by maintaining short-term profitability?
Immelt: I'd love to wimp out and say: 'These are going to be entrepreneurial companies'. Rubbish...rubbish. It's going to happen at GE.
Immelt: If you want to see history, I just won't concede [that] any of it has to happen in Silicon Valley and somebody's garage. I think we can do a lot better, a lot more effectively, a lot more efficiently inside our company.
Shorter:
http://www.youtube.com/watch?v=Xq5qa06DS9A
Full webcast:
http://www.gecareers.com/GECAREERS/jsp/us/studentOpportunities/leadershipProg...
General Electric, go out of business already.
General Electric deathwatch starts now.
akirafactor 10 months ago
I disagree. I think start ups have an inherent advantage over large companies and that is speed, less bureaucracy/politics, and vision which is related to youth.
clockmonster786 1 year ago