3 ms·
Good in the short term. He spun off unprofitable parts of the company. He streamlined the core business. Bad in the long term. He didn't believe in unprofitabl
by chinchilla2020 3y ago
Good in the short term. He spun off unprofitable parts of the company. He streamlined the core business.
Bad in the long term. He didn't believe in unprofitable orgs. GE did not develop new technology and fell behind the times.
- Beijinger 3y ago" He spun off unprofitable parts of the company." He also spun off "unproductive" parts of the workforce. Take this as a word of caution: https://en.wikipedia.org/wiki/Super-chicken_model https://en.wikipedia.org/wiki/Super-chicken_model
- hobs 3y agoI love the part about "Stack ranking can encourage antisocial behavior, and have deleterious effects upon group outcomes, citing Microsoft, Enron, and Amazon's experience.[10]" when MSFT and Amazon definitely did not stop doing that at all.
- jandrese 3y agoI would argue that the primary job of a CEO is to provide the core strategy to the company. One can count on the rest of the C-suite and middle management to care about quarterly profits, that is their job. It is the role of the CEO to override those short term gains when they are in conflict with the long term vision. CEOs that only focus on the next quarter tend to run their companies into the ground. The CEO should always be thinking about next year and the next decade.