In his speech, Welch shared some principles and philosophies he espoused to drive GE towards success. Involve everyone . The most important principle for managing a large organization is that everyone must be involved in the game. GE took five years to break through its lumbering bureaucracy and convince hundreds of thousands of employees that their ideas mattered. Every floor is a layer, and every layer is a nuisance.
Every wall is a functional wall.
Think about detonating that building. Create a learning organization . A company's competitive advantage depends on its ability to learn, share that learning, and act upon it. GE, according to Welch, has learned from countless companies. Boundaryless organizations are those that go inside, outside, up and down the organizational chain to seek new ideas.