About Quote by Jeffrey R. Immelt
“When I was a young guy, when I first started with G.E., Jack Welch sent us all to Japan because in those days Japan was gonna crush us. And we learned a lot about Japan when we were there. But over the subsequent 30 years, the Japanese companies all fell behind. And the reason why they fell behind is because they didn't globalize.”
About This Quote
Source Speech: Internal GE briefing, early 2000s
The speaker recalls a past strategy of sending employees to Japan to learn from its competitive edge, then notes that Japanese firms later declined because they failed to expand globally.
In simple terms: Learning from competitors is vital, but staying static leads to decline.
Key Takeaway
Embrace global expansion to stay competitive.
Themes
globalization
competition
learning
strategic foresight
Mood
reflective
analytical
Type
business
historical
strategic
When to use this quote
- corporate training trips
- international market entry
- technology adoption
- cross‑cultural collaboration
Key Concepts
industrial strategy
cultural exchange
market dynamics
Questions to Reflect On
- How can companies balance learning from others with developing unique strengths?
- What risks arise when firms rely solely on external benchmarks?
A Different Perspective
The anecdote may oversimplify complex economic factors behind Japan’s slowdown.
![“We do all that [ represent companies], because we have a lot of research in Japanese companies, and that research educates investors around the world. It allows us to sell stocks and bonds in Japanese companies.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/c01/jamie-dimon-1320_around-the-world_we-do-all-that-represent-companies-becau_2351837.jpg)
