29.3. WELCH ON THE NET

GE, argued Welch, was well positioned to exploit the Internet. It already possessed the nuts-and-bolts skills and strengths that other companies sorely lacked:

We already have that! We already have the hard stuff—over 100 years of a well-recognized brand, leading edge technology in both product and financial services, and a Six Sigma-based fulfillment capability. The opportunities e-business creates for large companies like GE are unlimited.