By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Investing > GE Gathers Ford, Uber CEOs, and Peyton Manning
Investing

GE Gathers Ford, Uber CEOs, and Peyton Manning

News Room
Last updated: 2023/09/07 at 6:03 AM
By News Room
Share
4 Min Read
SHARE

Sometimes the stock market isn’t all about Wall Street upgrades and downgrades, or company earnings reports. Investors can focus on other things that help them generate returns.

Wednesday, General Electric (ticker:
GE
) hosted a “Lean Mindset” event in New York City in a converted warehouse space adjacent to the High Line walking park on Manhattan’s west side. It was a gathering of GE employees, customers, investors, and others. The list of speakers was something else.

Hall of Fame quarterback Peyton Manning showed up, talking about leadership lessons learned playing football. NBA Champion Giannis Antetokounmpo was there, too, talking about learning from failure. There were many more speakers.

Ford Motor
(F) CEO Jim Farley,
Uber Technologies
(UBER) CEO Dara Khosrowshahi,
PG&E
(PCG) CEO Patti Poppe, and
Ingersoll Rand
(IR) CEO Vincente Reynal spoke as well.

GE HealthCare Technologies
(GEHC) CEO Peter Arduini interviewed Cleveland Clinic officials. Chef Wolfgang Puck was interviewed by filmmaker David Gelb. Psychologist Carol Dweck talked about growth mind-sets. Retired Navy Admiral Bill Lescher also showed up to chat about improving the management of F-18 jet fighters.

The themes of all the talks and interviews were leadership and lean manufacturing principles. Lean, very simply, is a set of management principles that find their roots at
Toyota Motor
(TM), emphasizing problem-solving, employee involvement, waste elimination, and continuous improvement.

For investors, the whole event was a chance to gather management tidbits, things that reflect best practices that they can listen for when any management team is speaking at an investor conference or on an earnings conference call.

Ingersoll Rand, for instance, sells pumps and compressors. Those aren’t the most interesting products in the world, but necessary for countless processes and every manufacturing facility on the planet. Sales have grown about 11% annually on average for the past three years. That’s fast for an industrial company. Acquisitions help, but organic growth has exceeded the growth of global industrial production.

One way the company has managed that performance is by focusing on demand generation. “We have about 100 people dedicated to demand generation,” Reynal tells Barron’s. “Every day these people are on Google [trying] to generate a marketing qualified lead.” That’s a potential customer with interest. Ingersoll now generates thousands of new leads each week.

That activity isn’t typical for an industrial company and arose out of the problem of how to sell more compressors and pumps. Selling products to a fragmented customer base isn’t easy. Ingersoll is large in its markets, generating some $7 billion in sales annually, but it plays in markets that total roughly $60 billion in sales. Market share is relatively low for an industry leader.

Lean benefits can feel unquantifiable, but lean management is practiced at
Danaher
(DHR), the place Larry Culp ran before GE. Danaher stock is up more than 17-fold over the past 20 years, before dividends. The
S&P 500
is up about 4.5 times over the same span. That’s quantifiable.

Culp is a lean-management disciple, and has been implementing such techniques since he took over GE in 2018. They have started to yield results. GE stock is up roughly 60% since he took over, including in the latest 12 months a 101% surge.

Improvement hasn’t been a straight line. There was the pandemic to contend with over that span, and the current commercial-aerospace recovery has helped the stock. Still, internal improvements are showing up. Quarterly results have become more consistent and less feared by investors.

Write to Al Root at allen.root@dowjones.com

Read the full article here

News Room September 7, 2023 September 7, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Donald Trump says he will lift sanctions on Syria

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

US targets Britain’s pork, poultry and seafood markets

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

China attacks UK trade deal with US

Stay informed with free updatesSimply sign up to the Chinese trade myFT…

S&P 500 wipes out 2025 losses as stocks extend rally

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

US sanctions companies alleged to be shipping Iranian oil to China

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

- Advertisement -
Ad imageAd image

You Might Also Like

Investing

Nursing Home Stocks Could Suffer from this Medicaid Spending Remedy

By News Room
Investing

Bitcoin Drops Below $90,000 Again. What Could Move It Next.

By News Room
Investing

These Stocks Are Moving the Most Today: Marvell, Nvidia, Broadcom, GM, Tesla, MongoDB, Burlington, and More

By News Room
Investing

Nvidia Stock Falls as Marvell Earnings Compound AI Gloom. The Rising Risks for Chips.

By News Room
Investing

This analyst says Tesla deliveries will be 16% below expectations. Musk is part of the problem.

By News Room
Investing

BP CEO was awarded no bonus pay from oil giant’s financial performance

By News Room
Investing

Shares of Starlink’s European competitor have tripled. CEO says it can do the job in Ukraine.

By News Room
Investing

GE Vernova Stock Rises as Analyst Flips to Upgrade After Rating Cut

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?