Technology Ventures: From Idea to Enterprise by Thomas H. Byers & Richard C. Dorf & Andrew Nelson

Author:Thomas H. Byers & Richard C. Dorf & Andrew Nelson [Byers, Thomas H.]
Language: eng
Format: mobi
Publisher: WCB/McGraw-Hill
Published: 2010-12-10T05:00:00+00:00

Jack Welch of General Electric created the idea of a boundaryless company, which eliminated the walls between suppliers, customers, and units of GE. GE’s slogan was “Finding a Better Way Every Day,” which addressed improvement of business processes. Then it added the idea of measuring performance of the processes. As a result, operating margins went from 1.2 percent in 1994 to 13.8 percent in 2000 [Welch, 2002]. Welch believed that the system of operations was the key to understanding, learning, and improving results.

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