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Stock impact report

Outside the Box: Larry Culp is the production ‘nerd’ that could just transform GE [MarketWatch]

GE Aerospace (GE) 
Last ge aerospace earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: MarketWatch
Opinion: Larry Culp is the production ‘nerd’ that could just transform GE Larry Culp, the former CEO of Danaher and the first outsider to lead General Electric Co ., will revitalize GE with the same powerful system he used to quintuple revenue at Danaher: the Toyota Production System, or TPS. TPS is a system that attacks waste and exposes employees to end-customer demand, so production is pulled by demand, not pushed by capability. It has become a key factor behind Danaher’s DHR, -0.09% performance; the Fortune 500 conglomerate’s share price has surged about 376% over the past 10 years while GE GE, +0.74% shares have fallen about 39%. Even better for GE’s long-suffering investors, Culp, who ran Danaher from 2000 to 2014, is a true TPS nerd. He lectured about topics like order-entry process improvements and factory floor layouts and TPS principles such as kaizen (continuous improvement) kanban (simple visual monitoring tools) and a focus on the voice of the customer. He is, smart Show less Read more
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