General Electric recently issued its first integrated report. It’s a synthesis of the traditional reports (such as its annual, sustainability and proxy reports) that the company still issued. Why would anyone view an additional report as progress? Chairman and CEO Jeff Immelt explains it this way: Continue reading “GE’s New Integrated Report”
General Electric recently released a new report for its shareholders called an “Integrated Summary Report.” It provides a high-level strategic summary of the contents of their annual, sustainability and proxy reports. GE is the latest in a handful of U.S. companies and hundreds around the world that have begun issuing integrated reports.
Here in New England we lived the Market Basket saga a couple years ago. It was an unforgettable cautionary tale for all businesses. And a guide for modern management. If you’re not from around here, you can live it through the great book We Are Market Basket by Daniel Korschun or at his appearance at the XPX Boston Summit next week.
These deep lessons on business come from an unlikely source: a regional grocery store chain that doesn’t even have a website. Here’s the abridged version of the story. The grocery chain was founded in 1917 in Lowell, MA, a struggling mill town. From its first store to its 75th, the chain kept a strong focus on providing high quality products at low prices to its customers who live on limited or fixed incomes.Continue reading “Market Basket – The Case for Sustainable Value Creation”