David Cote on business strategy
From Ep. 890: David Cote Interview with Michael Covel on Trend Following Radio · · Trend Following
“The point I try to make is that you have to do both. There's this concept that I like a lot that in fact there are still people who repeat it in the company that success is about achieving two seemingly conflicting things at the same time. And as human beings we always want to know okay what's the one thing you want me to do boss my point is it's never just one thing there's always kind of this other thing that seems to be in Conflict but has to be done at the same time.”
On , David Cote, Former Chairman & Chief Executive Officer at Honeywell, spoke about business strategy during Ep. 890: David Cote Interview with Michael Covel on Trend Following Radio on Trend Following.
About David Cote
David Cote, former chairman and CEO of Honeywell, appeared on the podcast "Action Catalyst" in September 2022 to discuss his book "Winning Now, Winning Later." During the interview, Cote described his approach to balancing short-term performance with long-term investment, stating that while he could grow earnings at 14 percent, he chose to grow them at 10 percent in order to reinvest the difference into initiatives such as globalization, new products, and process improvements. He also noted that telling investors or a boss that performance will be poor for three years before improving is typically not well received, as they may seek alternatives in the meantime. Cote also discussed the importance of reliable accounting systems, saying that accounting was Honeywell's primary information system and that unreliable data would lead to poor decisions about profitability. He reflected on his tenure at Honeywell, where he grew the company's market capitalization from approximately $20 billion to nearly $120 billion, and he encouraged listeners to connect with him on LinkedIn.