Many former corporate Ceos write records after they retire. But no one has written an account of their tenancy like former GE CEO Jeff Immelt citing both his accomplishments and drawbacks of leader a company during crisis and change. I talked to him on the Small Business Radio Show the coming week about his new book “Hot Seat”. It’s interesting to note that his second period on his errand was September 11 th.
Interrogation with Jeff Immelt
Jeff writes in the prologue: “My legacy was, at best, contentious. GE acquired in the market but not in the stock market. I constructed thousands of decisions affecting thousand of people, often in the midst of blinding uncertainty and second-guessed by countless connoisseurs. I was proud of my team and what we’d accomplished, but as CEO, I’d been about as luminous as I was lucky, by which I necessitate: too often I was neither. Maybe it would be better not to write a book at all.” Jeff says that he wrote the book since for him, “Truth= Facts+ Context; the context around GE was missing … and I required a more complete story told … it’s about contributing a company in ceaseless alter( like we are with the COVID pandemic ).
As a small business owner, Jeff indicates not to beat yourself up for starting bad decisions, but regardless “you have to keep uttering them. During the financial crisis, we uttered 15 big-hearted decisions and sometimes overturned ourselves. The best highway to make decisions is in a crowded chamber with other people”.
Jeff opens the book by recite a discomforting couple of hours at the Stanford Graduate School of Business, where one student questioned point-blank, “How could you does happen? ” He includes this in the book because he is considered that commanders are required to show up( a designation of one of the chapters in the book ). “I can attack myself without being defensive-( Most business leaders) will have a lifetime of being second guessed.” He guess all masters need to navigate crisis and change- “even if you don’t know all the answers, you establish progress. You need to rely on people you trust and don’t be afraid to change course if you find out new facts.” Jeff says that “transforming a big gift busines necessary persistence”.
Listen to the entire interview on the Small Business Radio Show.
Image: Jeff Immelt
This article, “Jeff Immelt, former CEO of GE, Interrogates Himself” was first published on Small Business Trends
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