[Book Recommendation] Lessons on Transformation: Real Challenges and Values of a Leader in a Century-Old Enterprise

How can a company move forward steadily and successfully transform in a constantly changing business environment? Recently, Hsu Ming-Hsien, CEO of Nan Pao Resins, recommended an excellent book that is highly worth reading for business leaders and managers: Hot Seat: What I Learned Leading a Great American Company by Jeff Immelt.

This book is more than just a leadership memoir; it is a "business transformation guide" packed with practical experience. The author, Jeff Immelt, honestly shares his personal journey of driving change in a turbulent environment after taking the helm of the century-old enterprise, General Electric (GE).

💡 Three key takeaways you can gain from reading this book:

  • Seeing the "truth" behind the numbers: The book proposes a thought-provoking core concept: "Truth = Facts + Context." The author reminds us that when examining various business data and results, we cannot just look at the superficial numbers. We must dig deeper to understand the "why" behind them in order to make more accurate business judgments.

  • Focusing on long-term value accumulation: The process of corporate transformation is often accompanied by growing pains. The author frankly addresses the superficial setbacks during his tenure, such as the drop in stock prices. However, he also deeply analyzes the importance of continuous investment in R&D, building a global innovation network, and improving capital efficiency for the company's long-term development. These seemingly intangible investments are essential for accumulating long-term competitiveness.

  • Open innovation practices: The book shares in detail GE's specific methods for promoting "open innovation." For teams seeking breakthroughs and growth, this serves as a highly valuable reference.

🌱 To every partner growing together with our company:

Running and transforming a business always comes with storms and challenges. This book truly presents the decision-making processes and inner struggles of top leaders when facing difficulties. Whether you are part of the management team or a colleague hoping to progress alongside the company, you can gain profound inspiration and strength from this book.

Let's use reading to learn how to stand firm in the face of challenges and continue creating greater value for our enterprise and customers!

📚 Book Information & Links:

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