USA can lead again via innovation - Jack Welch

Ateneo Innovation and Entrepreneurship

From Money News by Forrest Jones

Jack Welch told CNBC that USA can go back to its lost glory via innovation.  And if Romney wins.  Welch was former CEO of GE and brought back GE to its profitability and competitiveness.  He was remembered for the No. 1 and No 2 mindset.

Manufacturing hub has gone to Asia;  but innovation is from USA.

But according to Welch,  under Obama, regulations will  increase.  This could blunt innovations.

With half of Americans  of some form of benefits from the govt, with very few giving back into the system, how could there ever be reforms?  Asks Don Mitchell, economist of Cato institute.


"New ideas create more and better new products and services; create more wealth."

Other Companies that are Entrepreneurial

Jack Welch, the former boss of GE cut down GE from a mammoth goliath to a collection of entrepreneurial companies (but now Jack Welch has retired, what is the future of GE?  Are there creative ideas coming in?)

Apple too is very entrepreneurial with Steve Jobs, former boss who went AWOL back on the saddle.  Name its market busting products:  Iphone, Ipad, Itunes, innovating new products and business models as well. (I stands for innovation?)

Jorma Ollila transformed Nokia, a maker of cables and rubber boots into a cellphone giant.  Now its President, Olli-Pekka Kallasvou wants to make Nokia an internet company (it now has Ovi platform.  But Nokia is no longer "the cellphone" in the Philippines.) It works very closely with some 4,500 small suppliers.

Procter and Gamble is farming out its R & D (concentrating on brand management?) It even sold its IT department in the Philippines!

Microsoft, the big tree, the anchor companies, gives livelihood to some 750,000 small companies (which are probably entrepreneurial and inventive?)

                                        














"Innovation is creating value from existing resources." "Entrepreneurship is creating something from practically nothing"