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Tuesday, May 13, 2014

Management Best Practices at GE

Have always been impressed in my occasional collaboration.  Includes some interesting examples.  " .... A fundamental challenge of any firm – especially a huge global company such as GE – is how to balance nurturing tomorrow’s future businesses, with the resource demands for running and improving today’s operations. You need to think like a portfolio manager, allocating resources both to innovate in your core and for the future. Knowing that today’s operations will almost always win the lion’s share of resources, you need to consciously create a protected class of innovative ideas to invest in, even if money is tight. .... "   In the HBR.

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