SMO310 Quiz: Guest Lecture - Elyse Allan - President & CEO of GE Canada

• School: University of Alberta
• Department: Strategic Management and Organization
• Course: SMO310
• Professor: Richard Field

Document Summary

Guest lecture elyse allan president & ceo of ge canada. Canadian executives, when asked about why innovation isn"t moving forward, said that the number 1 reason was that there aren"t enough. Ambiguous: new business models such as uber, airbnb, social media can move news (accurate or otherwise) immediately, politics all around the world are highly uncertain right now, perception, due to social media, has become the new reality. Alternative facts are spread quickly and believed widely. Only 25% of canadians trust senior business executives. The most trusted person in canada is an academic expert. The one thing that a person can control in this v. u. c. a. world is trust . You can control your own behaviour, how you do business, how transparent you are, how ethical you are, and ultimately how people perceive you. This doesn"t mean try to fail, this means innovate faster. When you fail faster, you find out where you went wrong faster, and can change faster.