GE's John Rice on Growth, Risk, and Globalization

General Electric Company (GE), which pulled in nearly $150 billion in revenue in 2005, is positioning itself to grow two to three times faster than world GDP - about 8% to 10% per year (GE's top brass are talking about organic growth, not growth via acquisition). It's a bold aspiration. But is the company positioned to pull it off? Recently, John Rice, vice chairman of GE and president & CEO of GE Infrastructure, spoke to students at Emory University's Goizueta Business School about GE's six-part process for executing growth, with globalization high on the list. "Globalization and growth are, in one sense, synonymous," says Rice. "You can't globalize if you're not prepared to grow."

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