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How GE Stays Young

Harvard Business Review

Under CEO Jack Welch in the 1980s and 1990s, they adopted operational efficiency approaches (“ Workout ,” “Six Sigma,” and “Lean”) that reinforced their success and that many companies emulated. General Electric Operations' They have branded it “FastWorks.”

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The 5 Requirements of a Truly Innovative Company

Harvard Business Review

By comparison, think of the long strides many businesses have made in reengineering their supply chains, boosting product quality, and rolling out lean six sigma. Balance: the mix of different types of innova­tion (product, service, pricing, distribution, operations, etc.); These efforts have paid huge dividends.