Every software executive should read GE's 2004 annual report titled "Our Time". It is CEO Jeff Immelt's poetry on business optimism. He talks about new frontiers – in
biosciences, renewable energy, "verticals" financing, Hispanic
television, global mortgages, and countless other areas. 90% of GE's
earnings in 2005 will come from its "growth engines" rather than its
"cash generators". In 2000, 33% came from the latter.
The software industry is moping about lack of opportunities, "market consolidation" and addicted to its
maintenance revenue and other "cash generators". Time for it to refocus
on growth engines. Just by following GE around the world there are probably a hundred process improvement, vertical and geographic niches for software vendors to develop...
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GE and Software Industry
Every software executive should read GE's 2004 annual report titled "Our Time". It is CEO Jeff Immelt's poetry on business optimism. He talks about new frontiers – in
biosciences, renewable energy, "verticals" financing, Hispanic
television, global mortgages, and countless other areas. 90% of GE's
earnings in 2005 will come from its "growth engines" rather than its
"cash generators". In 2000, 33% came from the latter.
The software industry is moping about lack of opportunities, "market consolidation" and addicted to its
maintenance revenue and other "cash generators". Time for it to refocus
on growth engines. Just by following GE around the world there are probably a hundred process improvement, vertical and geographic niches for software vendors to develop...
GE and Software Industry
Every software executive should read GE's 2004 annual report titled "Our Time". It is CEO Jeff Immelt's poetry on business optimism. He talks about new frontiers – in biosciences, renewable energy, "verticals" financing, Hispanic television, global mortgages, and countless other areas. 90% of GE's earnings in 2005 will come from its "growth engines" rather than its "cash generators". In 2000, 33% came from the latter.
The software industry is moping about lack of opportunities, "market consolidation" and addicted to its maintenance revenue and other "cash generators". Time for it to refocus on growth engines. Just by following GE around the world there are probably a hundred process improvement, vertical and geographic niches for software vendors to develop...
April 16, 2005 in Enterprise Software (IBM, Microsoft, Oracle, SAP), Enterprise Software (other vendors), Industry Commentary, Venture Capital/Private Equity | Permalink