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Former GE CEO Jack Welch was a backer of :six-sigma techniques, another managment tool.


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General Electric

CEO Larry Culp was brought in to turn the industrial conglomerate around. It isn’t easy to change culture at a giant organization, but Culp is trying. And lean management techniques are, perhaps, the most important tool at his disposal.

Culp hosted a “Lean with Larry” event Wednesday to review progress on implementing lean techniques at GE (ticker: GE). Spending an hour and a half on the subject sounds like an engineer’s delight, but financial analysts, and the rest of us, might have to Google terms such as “Gemba” and “try-storming.”

Ultimately, Culp’s goal is to convince Wall Street analysts, investors, and GE employees, that embracing a culture of lean management will benefit the bottom line for years to come.

Lean management’s roots go all the way back

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General Electric shares extended gains Thursday, following on from last night’s 10% surge triggered by a bullish outlook on industrial group cash flow from CEO Larry Culp.



a sign on the side of a building: General Electric Shares Extend Gains After CEO Culp Gives Bullish Update On Industrial Cash Flow


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General Electric Shares Extend Gains After CEO Culp Gives Bullish Update On Industrial Cash Flow

Culp told Morgan Stanley’s Laguna Conference that the industrial group would be cash flow positive before the end of the year, a noted improvement from his July update that it would likely turn positive by 2021.

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Culp told investors attending the virtual event that GE “will deliver positive cash flow in the back half”, sending shares sharply higher even as broader markets sold-off following the Federal Reserve’s interest rate decision and statement.

“We are really not waiting for the markets to come back and put the wind we had in our sails,” Culp said. “We know this is going to be a self-help story

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