GE 2015 Annual Report Download - page 26

WHAT DOES OUR GE DO?
At our GE, every day we go to work to help save people’s lives. We
solve the toughest problems in the world: lack of access to quality
healthcare, power and water. When we put our minds into doing
something that is right for our customers, nothing can stop us. We
get it done. And we act with unyielding integrity.
We do what we say we are going to do. We said we wanted to build
a GE Store to leverage technology, growth markets and services, and
we are doing it. We said we would take risks and offer the market
game-changing technologies, and we are doing it. We said we would
transform GE into a Digital Industrial company that offers superior
customer outcomes…and we are doing it!
Our GE recognizes that the global marketplace is changing fast and
is ready for speed. It is willing to take more risk in new products, new
markets and new technologies and is doing it faster.
Our GE understands that without customers, we don’t exist and
because of that, we work horizontally, always focusing on customer
output, using the GE Store as a competitive advantage. With the
GE Store interwoven into our culture, the design-to-market process
will move with increased agility.
Our GE is becoming a more horizontal company where everyone
is focused on delivering for our clients, breaking down barriers and
challenging unnecessary bureaucracy. Hierarchy is becoming less
important when it comes to sharing relevant viewpoints. Our voices
are being heard at all levels.
Our next generation of leaders is highly collaborative, connected and
welcomes the opportunity to share information. In order to enable this
change, our leadership is focusing on creating a more collaborative
environment where ”getting things done” becomes easier every day.
Our GE is beginning to act more entrepreneurial. It is investing in
amazing ventures, betting on new solutions and business models like
Current. It is continuously searching for new ideas, striving to identify
emerging needs and providing the best solution in the shortest time.
Our GE believes in its people and invests in their development in
every corner of the globe. It recognizes the value of diversity and
encourages constructive conflict in order to provide the best solution
at all times.
Our GE is the place we want to come back to the next morning, the
place where we want to work together with our colleagues, the place
we want to be for the next 20 years.
HOW SHOULD GE WORK?
The GE we want will be a place where we cherish customer data.
Assets will speak the same language—Predix—to drive the best
outcomes for customers. Each asset will reveal how it needs to be
groomed to perform at its best, resulting in the best experience,
adaptive to the setting it evolves in. We will interpret this data and
provide meaningful insights back to our customers, resulting in
concrete, relevant outcomes.
One thing that will not change is our proven strength of picking great
people and developing them to be great leaders. GE people are not
just incredibly smart, they are also good people with strong values
who are hungry to learn.
GE must use our generation’s technical skill and social culture as part of
the strategy for future success. This will require dismantling functional
silos, valuing horizontal thinking and accepting failure as part of the
innovation process. Collaborative, shared risk/reward relationships with
employees, customers and partners need to be enhanced.
GE will be a place that attracts abundant intellectual resources. We
will gather the best, hungriest talents and grow them into the leaders
of tomorrow. It will take time and iterations. We will encourage them,
coach them and be their cheerleaders. They may fail at times. It
would mean they had tried hard enough. If they fall, we will be there
to catch them.
We will encourage leaders to go deeper in markets, and we will
reward domain expertise in commercial and technical fields.
GE will be ever more global, with more leaders in growth markets.
These markets will require the solutions that only GE can provide.
As they grow, the face of GE will continue to change to reflect the
markets where we have the most opportunity.
GE will be a place that ignites people’s passions, an exciting place
with the spirit of camaraderie. Frontline teams will be empowered.
Operations will be more transparent and efficient, and structured
more simply.
Our teams will go beyond GE. We will collaborate with customers and
other partners to develop new solutions. We will be mission-driven.
We will be empowered to safely access, dissect and transform data
into valuable and sharable insights for the world to see.
Our workplaces will look different: more flexible work environments
with less formality. We are already seeing this change in many of our
workplaces.
their GE
It is essential that GE continue to be relevant to the next
generation of leaders. I have assembled a group of young
leaders, whom I meet with frequently, to help me see GE
through their eyes. It is my dream that every young person
should want to come to work at our great company. I will
never give up that dream. I have asked them to answer
three essential questions: What does their GE do? What
should their GE look like? And, Why not us?
24 GE 2015 ANNUAL REPORT