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GE crashed nearly a decade after he left. He spent decades building GE into a powerhouse in many industries. Finding a leader who can replace you is a miniscul
by tyre 7y ago
GE crashed nearly a decade after he left. He spent decades building GE into a powerhouse in many industries.
Finding a leader who can replace you is a miniscule piece of being a leader. Also, that's ultimately the Board's responsibility. The CEO reports to them.
- buran77 7y agoEven a weak foundation takes time to crumble. Jack Welch built the foundation for GE's growth on the surface of a bubble that would burst in 2008. Perhaps the real mistake of his successor was not jumping off the pyramid soon enough. https://www.nytimes.com/2017/06/15/business/ge-jack-welch-immelt.html https://www.nytimes.com/2017/06/15/business/ge-jack-welch-im...
- cxr 7y ago> It goes like this: you can do the wrong things but be in a long enough feedback loop that the effects only really start to show themselves some time later. So rather than successfully correlating results to their real causes, what happens instead is: > a) people fool themselves in the meantime that bad things aren't bad, and > b) in the aftermath, when the consequences do start to appear, the temporal offset from the real root cause is so large, and they have so many other things to attribute failures to, that they can (and probably will) go the intellectually dishonest route https://www.colbyrussell.com/2018/10/11/mozilla-and-feedback-loops.html https://www.colbyrussell.com/2018/10/11/mozilla-and-feedback...
- hitekker 7y ago> Finding a leader who can replace you is a miniscule piece of being a leader. Is this view based on the way Seneca Systems was terminated?