FOCUS ON AFRICA
GE chief executive, Jeffrey Immelt, sent shockwaves throughout the US-based business world when he wrote in this month’s Harvard Business Review that GE’s “...success in developing countries is a prerequisite for continued vitality in developed ones.” Will surviving the economic meltdown require a shift from managing the present to creating the future? Probably. And even more probable is that many of the innovations needed to spur worldwide economic growth -- for decades to come -- will originate in the developing world.
GE chief executive, Jeffrey Immelt, sent shockwaves throughout the US-based business world when he wrote in this month’s Harvard Business Review that GE’s “...success in developing countries is a prerequisite for continued vitality in developed ones.” Will surviving the economic meltdown require a shift from managing the present to creating the future? Probably. And even more probable is that many of the innovations needed to spur worldwide economic growth -- for decades to come -- will originate in the developing world.