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The funny thing is – GE used to be about middle of the pack in the home appliances market which has plenty of big players. A cut throat low margin high volume business for commodities that everyone needs across a full range of pricing. With GE’s assets at their peak (they were the first 100 million valuation if I remember correctly) they could have bought out competitors, etc. However, they determined (for awhile) that is was the perfect proving ground for new execs. If you could figure out how to gain 5 points of market share over a sustained period (say 2 years) you were definitely destined for better things. Eventually they sold the division to someone else who wanted the play and they no longer had a proving ground like that … with noticeable results.
garcoa over 4 years ago
Now write your annual goals, and they better be good.
jerry400 over 4 years ago
There is wisdom in this cartoon. Uncomfortable, but wisdom it is ..
ChessPirate over 4 years ago
“By the way, I’m going to need all your RJ-17 forms.”
“They’re in the mail…”
Thinkingblade over 4 years ago
The funny thing is – GE used to be about middle of the pack in the home appliances market which has plenty of big players. A cut throat low margin high volume business for commodities that everyone needs across a full range of pricing. With GE’s assets at their peak (they were the first 100 million valuation if I remember correctly) they could have bought out competitors, etc. However, they determined (for awhile) that is was the perfect proving ground for new execs. If you could figure out how to gain 5 points of market share over a sustained period (say 2 years) you were definitely destined for better things. Eventually they sold the division to someone else who wanted the play and they no longer had a proving ground like that … with noticeable results.
ekke over 4 years ago
But “the bottom of the barrel” has the same meaning as “expendable.”