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GE Africa (Lagos)

What Globalization Means Today

In a commencement speech he gave at New York University's Stern School of Business back in May, Jeffrey R. Immelt, chairman and CEO of GE, spoke about How to Run a Global Firm at a Time of Anger about Globalization. Still on the topic of globalization, Immelt, in a recent essay published in TIME Magazine, describes how globalization has changed and why global engagement is an economic opportunity for the U.S. and the world. Read an excerpt. More about GE in Africa in this BRIEFING

Photo: GE Reports

"...Many people around the world are angry about globalization and companies and governments are both to blame for it. But now is not the time to turn inward as a result... You are entering a volatile global economy, the most uncertain I have ever seen. This is a world that needs better leaders, with new skill sets. The playbook from the past won’t cut it today. My advice for you as you enter this world is to be flexible, be bold, and don’t fear criticism. Today, I want to discuss how these lessons can be used to navigate the seismic transformation underway in globalization" - GE Chairman & CEO Jeffrey R. Immelt commencement address to graduates of NYU’s Stern School of Business on May 20 2016.