Deming Cup Winners Lecture: David Cote

Oct. 31, 2021

David Cote, Chairman and CEO, Honeywell, delivered his Deming Cup Winners Lecture on February 6, 2017.

Here is the link. 

Leadership training | David Cote | How to be a leader? 

First 25 minutes presentation by David Cote 

• Get all facts, all opinions and make decisions. 
• Be prepare to make decisions. 
• Be the right at the end of the meeting. 
• Do not know your position - Do not say anything 
• Encourage discussion - make good decision 
• How to get people to participate? 
• Leadership classes - 25 year old, appraisal - 39, 40 years old defensive? 
• Every single meeting - who, what and when? 
• Be confident on your decision - see if it works - not sure - you have to be sure ...... Second guessing - input points 
• During second quitting - business acumen - What is your biggest learning? 
• Business world, result not effort, not hourly worker 
• Push people to think about 
• Get long term - superball - come back, setbacks, commitment to change, for example, honeywell user experience - use our product and services - 
• Being smart is not good enough, good judgement is important, it takes more than that. 

Questions asked by audience:

1. Lean organization, for example, Toyota production system - Learn Toyota production system two weeks, buy concept, 1 hire and 100 interviewees; 
2. Bring job back to USA? How to analyze? 
3. Career path - major company CEO
4. Get six years to finish college - I could not support myself, how can I support a kid? Hourly employee, and got lucky as an employee to have hourly pay, whatever job to pay me more. I just need more money, 5 years, two kids, divorce 25 years, what I do right now? 60 days a year. Interesting to learn what I like the business, in GE, 25 years old, often recommendation -> general manager -> HR from finance to general manager, rather than a general manager of small team, 3 people -> CEO somehwere -> Start to think about that way, 39 or 40 years old 
5. Continue on item 4, path to have a career -> how do I figure out? As fast as I could. 
6. New question  about culture -