Archives with Category : Moving

Accelerating Innovation

Guest post by Norman Eisen, U.S. Ambassador to the Czech Republic

Just over a year ago, I had the pleasure to host GE Aviation at my residence for the official unveiling of the H80 turbo-prop engine. GE’s H80, on display that night in the center of my house looked like a gift that any kid (including grown-up ones!) would want for the holidays. But the gleaming chrome and high-precision aviation parts represented more than just the anticipation of flight. The H80 also symbolized the qualities that have attracted so many U.S. companies to do business in the Czech Republic.

Ladies in Leading

A year ago, when GE Women’s Network leadership met in Berlin, Alla Woodson from Latvia, Zsófia Körmendi-Seidler from Hungary and myself had a discussion on a possible innovation in CEE. Later we were joined by Leila Medvey from Hungary. We aimed high: we wanted to provide a unique opportunity for women who actually work in managing GE’s Women’s Network to have access to top leadership of GE based in CEE to accelerate their own development and learn how to work together on a cross country, cross functional basis over the course of a year. The program engaged 5 executive brand leaders working in the project with the team.

Breaking Through in the Global Innovative World

Guest post by Piotr Moncarz, Consulting Professor at Stanford University, Director and Chairman of the US-Polish Trade Council

With five technology teams located in CEE GE has made a statement about the capacity of the engineers in the region. How can the region move up on the innovation ladder? Our guest blogger Piotr Moncarz, Consulting Professor at Stanford University, Director and Chairman of the US-Polish Trade Council, shares his views on survival and success.

Season’s Greetings

2012 was an adventurous year and we were very busy to keep up with the happenings in CEE. With this short video we would like to thank all our readers, guest bloggers, bloggers and contributors for all their input to our blog that was shortlisted for both the Digital Communication Awards and the European Excellence Awards in 2012. We wish you all the best for the festive season and will count on you in 2013!

Value of Long Term Partnership

On the 10th of December the Hungarian Government and GE Hungary signed a strategic partnership agreement referring to 22 years of partnership with Hungary, export oriented top technology production and the opportunity of joint innovation in the future. Minister of Economy, Gyorgy Matolcsy and Ivan Hutter, GM of GE Lighting EMEA signed the contract. GE is the 7th company with similar agreement with the Hungarian government.

Valuable Contributions

Guest post by Mihaela Popovici, Technical Expert on Polution Control of the International Commission for the Protection of the Danube River

Business partners have valuable contributions to make to the activities of the International Commission for the Protection of the Danube River (ICPDR). This was showcased once again at two workshops, organized with among others GE. The workshops were recently held in the Croatian capital Zagreb and were dedicated to sustainable water management in the Danube river basin.

Economic National Preference: a Mistake of the Past and the Future?

Guest Post by Ferdinando ”Nani” Beccalli-Falco, president and CEO of GE Europe

Imagine a researcher inventing technology that would halve the cost of manufacturing an automobile their contribution to growth and competitiveness would probably win unanimous support. Now let's suppose that an entrepreneur achieves this same result by importing some parts for this automobile. The odds are that many would condemn him for not buying from local or national manufacturers. And yet, both would have the same result in terms of employment and competitiveness.

Collaborate and Listen

Guest post by Márton Svékus, Founder of Common Purpose, Hungary Common Purpose is an international, not-for-profit organisation which runs leadership courses. We have been operating in Hungary since 2007 aiming to give people the skills, connections and inspiration to become better leaders both at work and in society. The CEE region has a turbulent political history, and our historical fight for national independence has burned into our consciousness and we often find ourselves wrapped in national pride seeing each other as competitors instead of potential partners. Whilst we have to respect national feelings, we still have to understand the competitive nature and unique approach of each CEE country is economically and socially ignorant.

Where CEE+ Minds Meet

The 22nd Economic Forum in the Polish mountain resort of Krynica was again a place to go to with some 3000 participants and lively discussions during the session and in between them. GE considers multi-stakeholder conferences, like this one, a very important tool to stimulate cooperation and best practice sharing within CEE. Our blog reported extensively about the GE initiated plenary on “CEE – Cohesion and Competitiveness – Bold Choices and Leadership or Missed Opportunity for the CEE Nations?” during the Forum.

Factoring Offers Help to Polish Businesses

Hungry for cash, limited financial liquidity and longer payment terms are common struggles currently faced by businesses all over the world. With banks unable to lend as the grip of the global economic downturn tightens, entrepreneurs across Europe are affected. With this downturn in mind, now imagine a dynamic financial market segment with more than 30% average year-to-year growth for the last five years; a part of the economy remaining vibrant regardless of the business cycle or the credit crunch; an industry which even in the worst year of 2009 grew at 7% p.a. If you still not sure what we are talking about, welcome to factoring in Poland.