Fortune; 4/5/2004, Vol. 149 Issue 7, p112-124, 9p, 5 Color Photographs, 9 Black and White Photographs, 1 Chart
EXECUTIVES, COMMERCIAL products, PRODUCT management, INVENTORS, NEW product development, RAPID prototyping, CORPORATE divestiture, MERGERS & acquisitions, ECONOMIC development, and EMPLOYEES
Highlights Jeff Immelt the CEO of General Electric who is following a time-honored GE tradition of abandoning the most treasured ideas of his predecessor; How he differs in style and vision from Jack Welch; Businesses Immelt has bought into the GE family and those he is spinning off; Comment from Immelt that GE must make its own economic growth; Reinstatement of the "House of Magic" where GE inventors can pursue new goals and new products; How the continuity of the business feeds the courage of its leaders.
Fortune; 6/14/2004, Vol. 149 Issue 12, p94-95, 2p, 1 Black and White Photograph
CASE studies, CHIEF executive officers, CONTRACTING out, and RAPID prototyping
The article focuses on IBM with excerpts from an interview with CEO Palmisano and a case study of Schwab. Last year Schwab found itself struggling with a piece of software that was annoying customers and thwarting sales. That is the kind of problem Stuart Lieblich, a senior sales manager, gets paid to troubleshoot: His job is to make sure that all the stuff Schwab buys from IBM works. Steve Grove, who heads all of IBM's work with Schwab, got Ed Harbour together with IBM consultant and strategy expert Anthony Karimi and Willy Chiu, a software vice president. Chiu spearheaded construction of a "grid" in which all Schwab's computers function as one, giving programs access to the horsepower they need. In two wide-ranging interviews, IBM CEO Palmisano talked about the new IBM, outsourcing, and the changing tech world.
Technological innovations and Prototype design & construction
Focuses on a technology called rapid prototyping (RP). Use of RP to produce industrial prototypes that used to take a long time to produce; Introduction of a prototyping machine by 3D systems in 1987 which could fabricate small plastic parts from computer aided design drawings in hours; How the process works; Development of a branch of RP that produces ceramic models using so-called 3-D printers; Companies involved in RP processes.