The Knowledge Project with Shane Parrish #116 Jeff Immelt: Leadership In A Crisis
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Jul 27, 2021 Jeff Immelt, former CEO of General Electric and current venture partner at New Enterprise Associates, shares insights from his 16-year tenure at GE. He reflects on navigating crises like 9/11 and the financial meltdown, emphasizing resilience and adaptability in leadership. Immelt discusses the complexities of decision-making under pressure and the importance of transparency and communication. He also explores the dynamics between CEOs and shareholders and the significance of team loyalty, offering valuable lessons for future leaders.
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Crisis Leadership
- Absorb fear and avoid blame during crises.
- Communicate effectively and observe who remains steadfast.
Risk Management
- Effective risk management focuses on a few key enterprise risks, not a laundry list.
- CEOs should personally address these risks to demonstrate accountability.
Maintaining Stability
- Maintain routines, like exercise, during crises for stability.
- Project forward momentum by continuing schedules and engaging with employees.
