GE CEO Jeff Immelt in Vanity Fair
“These markets are huge, hundreds of billions of dollars. The knowledge of the asset itself is quite material. The ability to go to an airline C.E.O. and say, “I’ll guarantee you 99 percent uptime and a 1 percent fuel advantage,” I can do that. It’s hard. That’s not something that’s quite natural for some of the consumer companies to do, even though they’re outstanding. It’s our expectation that there’s going to be other industrial companies that compete. I think we’ll have new competitors. You’ll be partners with somebody in the morning and compete with them in the afternoon.
I think Amazon is an amazing company. Jeff Bezos is one of the guys I really look up to. I’m amazed by what they’ve done. We use Amazon web services. As amazing as they are, they’ve never made a jet engine. So let’s go. Let’s see what happens.”
McKinsey video on Immelt below
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