Michael Lofrumento’s Post

Want to know how to implement a successful business system for your business? ✈ Check out this video where GE Aerospace ’s CEO Larry Culp shines a light on the essence of Operational Excellence, Strategy, Business Structure and Business Culture, and how they embrace all of this within one (new) business system. 🎥 In this insightful video, Culp explains the innovative "Flight Deck" business system, meticulously crafted to steer GE Aerospace towards unparalleled success. 🛫 This system, inspired by the renowned Danaher Business System (DBS) and the profound philosophy of Kaizen, embodies their commitment to continuous improvement and excellence in all facets of their operations. ✔ For GE Aerospace "Flight Deck" isn't just a system; it's a testament to their dedication to optimize #strategy, foster a robust business #culture and refining their organizational #structure. It serves as the cornerstone of their approach to operational excellence, guiding them through every endeavor with precision and agility. 💡 Personally I find this video not only informative but also inspiring as we continue our journey towards #Excellence. What type of business system did your company adopt? Feel free to share... ❗ My former Danaher colleagues, who had the same privilege as I had to work for a company lead by Larry Culp, will recognize a lot of different elements that were implemented at the OpCo’s we worked for and what’s now happening at GE Aerospace. A great mixture of various business factors you can’t afford not to have! (However, factors that many organizations simply don’t have, without even recognizing this). 

Candidate: I have never heard of Collins Aerospace before what do you do? Me: Our business is the result of mergers and acquisitions of several respected & market-leading aerospace companies. You may not know the relatively newer name but I can just about guarantee you have used, touched, or seen our products or services. When you fly on a plane, our products will most likely be on board to make your flight more efficient, safer, and be more comfortable. -The interior lighting systems and seating -The lavatory -The communication and navigation equipment that the pilot uses -The app you use to track inbound flights(FlightAware is part of our amazing business providing real-time info to help expedite aircraft resource availability) NOTE: When I jokingly complained to an engineer buddy of mine who worked on aircraft seats about how uncomfortable they are, he informed me that the primary focus is on high-G impacts and protecting your safety in turbulence and that comfort was a close second... I walked back my complaint very quickly and said thanks :-) Check out all the areas of our business that are constantly improving Aerospace. https://lnkd.in/gcTt-jBv Apply today to begin your journey at this awesome company https://lnkd.in/gME4sUbB

Mark your calendars for January 31, 10:00 am EDT! We're diving into #aerospace #remanufacturing. Get insights into the industry landscape, understand the specific hurdles and prospects in the #reman process for aerospace equipment, and discover top-tier practices that could help transform your business. Don't miss out! #circulareconomy #sustainablemanufacturing

Here's What General Electric's Aerospace Business Is Worth

FOR-DEC is an aviation decision-making model that was developed in the 1990s by Lufthansa and the German Aerospace Center. It has been described as a method of applying structure and logic to a complex problem. The acronym FOR-DEC stands for the six phases of the decision-making process. The exact wording used to describe each phase varies among different sources, but basically are as follows: Facts: What’s the matter or what is going on here? Options: Possible ways to solve the problem or what are our choices? Risks and Benefits: What can be said for and against the different options? Decision: What are we going to? Execution: Who does what, when, and how? Check: Is everything still ok or did everything work to plan? In addition, the hyphen between the ‘R’ and ‘D’ is intended to make the pilot stop and reflect on whether anything essential was missing and whether all available information had been taken in to consideration.

✈𝐀𝐫𝐜𝐡𝐞𝐫 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧: 𝐚𝐩𝐩𝐫𝐨𝐚𝐜𝐡𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐅𝐥𝐲𝐢𝐧𝐠 𝐓𝐚𝐱𝐢𝐬✈ In a recent interview on CNBC's 'Fast Money', Adam Goldstein, the CEO of Archer, discussed the company's quarterly results, future guidance, and collaborations. ➡ Garnered a $215M backing from notable names like Stellantis, Boeing, United Airlines, ARK Investment Management LLC, pushing Archer's cumulative funding past the $1.1B mark. ➡ Unveiled a joint venture with Boeing and Wisk focusing on autonomy. 👉 https://lnkd.in/g2JkGM7q 👈 𝗔𝗿𝗰𝗵𝗲𝗿 𝗵𝗮𝘀 𝘀𝗲𝘁 𝗶𝘁𝘀 𝘀𝗶𝗴𝗵𝘁𝘀 𝗼𝗻 𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟮𝟱. With the transportation landscape rapidly evolving, Archer's ambitious goals signal a promising future for urban air mobility. Find below the link to the Investor deck: 🔗https://lnkd.in/dEAwP25Z #ArcherAviation #FlyingTaxis #UrbanAirMobility #FutureOfTransportation

What's New to The Street... 🛩️ Boeing's CEO search hits snags as GE's Larry Culp declines takeover approach. Stay tuned for more updates on this unfolding story. 👉🏻Follow New To The Street for more! #Boeing #CEOSearch #LarryCulp #AviationNews #businessnews #business #news #newtothestreet

What's New to The Street... 🛩️ Boeing's CEO search hits snags as GE's Larry Culp declines takeover approach. Stay tuned for more updates on this unfolding story. 👉🏻Follow New To The Street for more! #Boeing #CEOSearch #LarryCulp #AviationNews #businessnews #business #news #newtothestreet