Larry CULP: read this carefully
Break GE into pieces. No way around it.
Kill GGO, Cretinville, GRC, trash all corporate teams. Completely. Don’t keep any of it. Useless. Huge weight for the company.
Then take the remaining pieces. Have engineers make products the best in the world, reshape supply chain ops. Pick really sharp product management and sales leaders, reposition the portfolio. Kill all products that are not competitive ASAP.
3 new companies, not GE anymore, find new names for each of them (GE is dead, get over it):
-Aerospace systems: aircraft engines and systems
-Medical systems: CTS, MRI, US, healthcare software
-Energy systems: smart grid, T&D hardware and systems, high perf gas plants systems, power plant services. Mean and lean portfolio, with good margins and real demand. Scale supply chain properly. Kill all other products immediately.
Spin off of Oil & gas (BHGE) / already under way
Same for Transportation
Get rid of them ASAP
Game over, GE - you let a bunch of clowns destroy the company from the inside, continuously mismanage great businesses, for 3 decades.... you will not recover. Ever.
Stumbled on this post on another thread, and I tend to agree with the OP @VHyCSBU-2yra on the steps that LC needs to take in order to keep GE afloat, so I thought the post needed some more visibility on this board.