Tag: GE

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Lessons Learned – Starting a New Job

I had a lot of “first day on the job” events in my life and got better at them as time went on. ÿFirst impressions are important – my worst was showing up 3 weeks after my start date with full leg cast for a broken knee-cap, and the best was being “reassigned” back to…

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Lessons Learned – Finding a Business to Buy

I learned a lot about prospecting and persistence in my process of finding a business to buy. ÿ Following the now popular HBS ÿ”zip” code theory of career location, I drew a 50-mile radius around my home in the Boston area for a geographic search.ÿ After purchasing a directory of companies in that area, I…

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Lessons Learned

As the years have progressed, my views about equity and partners have changed. I had to work to pay my way through college and was hired by a start-up owned by an HBS grad that maintained mailing lists and printed computerized direct-mail campaigns for clients ranging from local hospitals to national automobile companies and from…

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Lessons Learned

Determining how much to offer to pay for a company took a long time to get comfortable with.ÿ600 companies were on my target list, I got positive responses from 60 and decided to make offers on 12 of them.ÿ The first one took 3 weeks, the last one 3 days!ÿ PE companies make hundreds of…

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Lessons Learned

Valentine’s Day is special for Debby and me; it was the evening of our first date! Working together for 20 years was challenging but contributed significantly to providing balance between family and work-life, strengthening our relationship and accomplishing shared objectives while having fun! ÿWe were partners in raising our 3 children, supporting each other’s individual…

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Lessons Learned

When regulators from Government agencies showed up I learned to listen rather than resist my basic instincts. Early on, I was resistant to “State Inspectors” who would show up at our door, asking for IDs and being generally uncooperative.ÿDebby (CFO & Spouse HBS ’81) quickly intervened and announced that Environmental and Compliance visitors should be…

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Lessons Learned-Fishbowl

As president, general manager or new owner, I learned that it was my actions that had the most impact on the organization, not my words. As such, everything that I did was observed, reported on, discussed behind my back and evaluated – I was in a “Fishbowl.” In most of the positions I held, I…

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Lessons Learned

Layoffs were never easy for me; they always had a significant impact not only on those laid off, but their families and on the organization and since I felt personally responsible as the owner or President/General Manager, the decision was never made lightly.ÿ Over the years, it never got easier, but I did develop a…

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Lessons Learned

When I worked for large companies, the concept of sharing profits was limited to the upper echelons and was generally in the form of annual bonuses that were mysteriously calculated, paid 3-5 months after the end of the year and generally reserved for the “fat cats” in the organization! Payments never happened below the Department…

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Lessons Learned

In the businesses I operated, I was always deeply involved in setting prices because I found it to be the most immediate way to impact margins and cash flow. “Cost based pricing” establishes prices based on costs of purchases, manufacturing labor and overhead with a markup to attain profit targets.ÿ Many businesses, such as software,…

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2009 China Trek – Shanghai

Shanghai was the final leg of the journey.The first thing that strikes you about Shanghai is the size. This is a huge city. Skyscrapers dominate the skyline, most of which have been built in the last 20 years. Typically when I travel I would never consider going to “The Urban Planning and City Construction Museum”,…

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AN INTERVIEW WITH Case Protagonist & HBS Entrepreneur-In-Residence, Jim Sharpe (MBA ’76)

This article is the first in a series of interviews with this year’s Harvard Business School Entrepreneurs-in-Residence. Sponsored by the HBS Arthur Rock Center for Entrepreneurship, the Entrepreneur-in-Residence program invites accomplished entrepreneurs to commit to either a semester or full academic year working with faculty and students on campus. Second-year (EC) students will likely best…

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Summer Stories – Parth Raval Walmart's Quest to Save the Planet, MBA '09, OC

This past summer, I was part of PepsiCo’s Leadership Development Program on the Walmart Customer Team. Shuttling between Plano, TX, and Bentonville, AR, I experienced first-hand how Walmart is accelerating its “green” agenda and what this means for key suppliers and, ultimately, for consumers. I am hardly what you’d call a typical environmentalist. In fact,…

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Careers in the Energy Industry

Energy is hot. Oil, natural gas and electricity prices are all near record highs. Debate over global warming continues to divide the US and other nations, as ongoing conflict in the Middle East underscores the strategic importance of natural resources. Meanwhile, ExxonMobil made a profit of $9.9 billion last quarter, the largest ever for any…

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The Best Of H-BS

Club VPs Form VP Club(Spangler 201) Following on the footsteps of the Trek Club, which was recently formed by Club Trek organizers, 43 Club VPs formed the VP Club last week. “The purpose of the club is to share VP information and best practices across organizations,” said VP Club co-founder Bettina Houston. “Imagine the great…

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News In Brief:

EC Student Accidentally Talks to Cross-Registrant(Aldrich 107) EC student Martin Macaffrey accidentally talked to cross-registrant David Thompson before their Venture Capital and Private Equity class last Thursday. “I thought he was one of the few HBS students I’ve never meet,” said Macaffrey, “But then he pulled out some makeshift cardboard name card with ‘David’ handwritten…

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Treehuggers Unite

Crunchy, granola, it’s just not “us”; by us, that is, the collective HBS student body. You know…HBS prizes itself on its buttoned-down look. For example, in a recent class, I counted no less than 25 well-pressed shirts of varying shades of blue. And that was just the guys. Women here wear expensive shoes and matching…

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Intuit CEO Steve Bennett Talks Business

Think Intuit is just Quicken? Think again. In a presentation at HBS on December 3rd, Steve Bennett, Intuit’s President and CEO, talked about Intuit’s future not only as the provider of Quicken and TurboTax, but more significantly as a platform for small businesses, a space they see as nearly limitless in its opportunities. The event,…

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A Closer Look at China:

When Mr. Jeff Immelt (Chairman & CEO, GE) spoke at Harvard last week in front of a capacity crowd in Burden Auditorium, he outlined his views on the near term economy and GE’s future prospects. I remember that he mentioned China as being part of the big picture of GE’s focus on growth overseas. China…

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Immelt Outlines GE's Growth Prospects

September 25 – A little over a year ago, Jeff Immelt (MBA ’82A) inherited one of the toughest jobs in corporate America. Succeeding the much-lauded Jack Welch, Immelt took over the helm of General Electric (GE) just a few days before the September 11 terrorist attacks. In front of a capacity crowd in Burden Auditorium,…

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Top 10 Reasons Why Section E Doesn't Have Internships

1) Enron wasn’t hiring. 2) The sugar industry in India has gained efficiencies in the past 7 months since senior management left. 3) Coca-Cola cut back its marketing spend thanks to Scott’s grass roots marketing last semester. 4) Highland Capital unexpectedly closed its operations after a lecture from Elena about the evils of capitalism. 5)…

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Jack Welch: Unplugged

“I think what coming to business school does is allows you to measure yourself-again. Coming out of here with some of these theories isn’t gonna do a damn thing for you. But it’s a very valuable thing-being here. What’s valuable? … Look at your section. Who in your section would you like to go on…

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Welch's Big Day at HBS

Jack Welch had a big day on campus last Friday. After a brief reception at the Dean’s House, he spoke for over an hour to a packed Burden Auditorium (as well as the overflow crowd in Spangler). Welch’s inquisitor, Jason Lockwood (OF), found the experience exciting, but challenging. “It was a fantastic experience,” he said….

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Welch: People Matter

Jack Welch, former CEO of General Electric and one of America’s most admired business leaders, Friday told HBS students who hope to lead companies that they can learn important lessons from the way public officials like New York City Mayor Rudolph Giuliani reacted to the terrorist attacks on New York City and Washington, D.C. “We…

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Corporate Whore: The Band

A couple years ago, Amanda Krantz stepped back and looked at where she wanted to go in life. By day she was an engineer for the US Air Force teaching at the Air Force Academy, and by night she was playing drums in a local Denver band, and she loved performing. She concluded that she…

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Welch to Grads: You've Got the World By the Tail

Outgoing General Electric Chairman Jack Welch today called on almost 1,000 aspiring corporate leaders to remember that “the role of a manager is to build self-confidence in the people around them.” Speaking at Harvard Business School’s 2001 Class Day ceremony here, Welch told the graduates that as they begin to manage, they should “make those…

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Welch to Grads: You've Got the World By the Tail

ALLSTON, Mass., June 6, 2001 — Outgoing General Electric Chairman Jack Welch today called on almost 1,000 aspiring corporate leaders to remember that “the role of a manager is to build self-confidence in the people around them.” Speaking at Harvard Business School’s 2001 Class Day ceremony here, Welch told the graduates that as they begin…

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Jack Welch: A Graduate's Take

On a gorgeous afternoon in which the sun gently descended upon, and yet still burned, the exposed skin of the cheerful spectators gathered south of the Charles River in front of Baker Library, legendary CEO of General Electric Jack Welch also attempted to both float and yet sear his words of wisdom into the exposed…

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Going Once, Going Twice…

How much would you pay for the privilege of launching your career with the help of a living business legend?HBS will get its answer next week, when HBS students will bid for GE Chairman and CEO John F. Welch, Jr., one of the “prizes” in the 2001 HBS Summer Search Charity Auction. The winning student…

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