Online campustalk


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  • Tomorrow’s calling you. Today we’re going to explore what that means—for you and for GE. Why we’re both in this room. And where we go from here. [CLICK NEXT SLIDE]
  • There are lots of things you consider when you select to join a co and take a job there … we call it “total package”
  • Online campustalk

    1. 1. GE: Developing 21 st century global talents in China
    2. 2. “ I find out what the world needs, then I proceed to invent it. ” - Thomas Edison
    3. 3. GE’s portfolio… structured for growth 2010 $150B Revenue $12.6B earnings $14.7B cash flow Energy Aviation Transportation GE Capital Home & Business Solutions $37.5B $17.6B $3.4B $47.0B $8.6B Commercial Consumer Real Estate GECAS EFS Appliances Lighting Intelligent Platforms Healthcare $16.9B Engine Service Avionics/Systems Healthcare Systems Life Sciences Healthcare IT Molecular Diagnostics Locomotives Services Propulsion Systems 2010 Rev. Power & Water Energy Management Oil & Gas 130 year-old company 6 businesses in 100+ countries 290,000+ employees worldwide
    4. 4. A world renowned company devoted to leadership, innovation and human progress <ul><li>Top Awards: </li></ul><ul><li>World's Most Admired Companies by Fortune for 5th consecutive year (ranked 1 st in 2011) </li></ul><ul><li>No.1 of World’s Most Sustainable Companies by Forbes </li></ul><ul><li>No.4 of Most Valuable Brand by Business Week and Interbrand </li></ul>
    5. 5. Over a century history presence in China <ul><li>Current Presence </li></ul><ul><li>16,000+ employees, ~ supporting 90,000 jobs through JVs & sourcing </li></ul><ul><li>$5 billion in revenue for 2010, $4.2 billion in sourcing </li></ul><ul><li>59 legal entities , 26 manufacturing facilities with output of ~$1.3B </li></ul><ul><li>320+ offices across 174 cities </li></ul><ul><li>2,200 people in R&D </li></ul><ul><li>550+ patents originated in CTC by 2010 </li></ul>Vice Premier Li Keqiang met GE Chairman Jeff Immelt GE China key facts <ul><li>History </li></ul><ul><li>1906: GE started business in China </li></ul><ul><li>1908: First lighting plant in Shenyang </li></ul><ul><li>1925: Acquisition of Anderson/Meyer Trading Company, servicing </li></ul><ul><li>electrical industry in China. </li></ul><ul><li>1991: First JV of GE China, GE Hangwei Medical Systems, Beijing </li></ul><ul><li>1994: GE China co, ltd established </li></ul><ul><li>2000: Global Research Center, Shanghai </li></ul><ul><li>‘ 08 & ‘10: GE proudly sponsored Beijing Olympics and USA Pavilion in Expo </li></ul>
    6. 6. Building sustainable growth in China Strategy Purpose Execution Build 5 China based global partnerships Make GE partner and employer of choice Help China solve its toughest problems Improve the quality of life for Chinese people Go global with Chinese businesses Develop global talents <ul><li>The world’s most efficient </li></ul><ul><li>- Gas turbines </li></ul><ul><li>- Aircraft engines </li></ul><ul><li>- Wind turbines </li></ul><ul><li>- Solar panels </li></ul><ul><li>- Locomotives </li></ul><ul><li>The world’s most Affordable & Accessible Healthcare Equipment </li></ul><ul><li>Rapid Product Localization </li></ul><ul><li>Customer Co-Creation Innovation </li></ul><ul><li>World Class Training & Research </li></ul><ul><li>- Shanghai Crotonville </li></ul><ul><li>- GE China CEO program </li></ul><ul><li>- China Global GRC </li></ul><ul><li>World Class Partnerships </li></ul><ul><li>- GE AVIC Avionics JV </li></ul><ul><li>- GE Energy/Chinese EPC </li></ul><ul><li>- GE CSR Transportation JV </li></ul>
    7. 7. Solving China’s toughest problems <ul><ul><li>Balanced development </li></ul></ul><ul><ul><li>Energy efficiency </li></ul></ul><ul><ul><li>Renewables </li></ul></ul><ul><ul><li>EV infrastructure </li></ul></ul><ul><ul><li>Shale gas/IGCC </li></ul></ul><ul><li>ecomagination in China: </li></ul><ul><li>Launched in 2006, MOU signed with NDRC </li></ul><ul><li>31+ eco products applied in China </li></ul><ul><li>~3Bn in accumulated revenue since 2006 on eco certified equipment </li></ul><ul><li>$100MM funding for eco challenge </li></ul>Extended partnership with government in June 2011 A business strategy driving innovation & growth of profitable environmental solutions Global revenue ~$21B Key themes in 12 th five year plan Our presence and commitment Our strategy
    8. 8. Improving quality of life for Chinese people <ul><ul><li>Quality of life </li></ul></ul><ul><ul><li>Rural distribution </li></ul></ul><ul><ul><li>Coverage & access </li></ul></ul><ul><ul><li>Local innovation </li></ul></ul><ul><ul><li>Information technology </li></ul></ul><ul><li>Largest medical devices company in China </li></ul><ul><li>26,000 diagnostic equipment such as CT and MRI </li></ul><ul><ul><li>Solutions for primary care </li></ul></ul><ul><ul><li>Global headquarters of X-ray </li></ul></ul><ul><li>Continued R&D on In China For China and Reverse Innovation. Chengdu Innovation Center to focus on rural healthcare, remote diagnostics </li></ul><ul><ul><li>Joint preventive campaign (Pink Oct.) against breast cancer with MOH </li></ul></ul>Brivo MR Lifesaving imaging for rural markets Handheld imager, redefining the physical exam In China for China Low cost with excellent quality Vscan LOGIQ C5 Dash 1800 LOGIQ C2 $3B investment 100+ products Key themes in 12 th five year plan Leading technology and affordable healthcare Our strategy Our presence and commitment MAC C3
    9. 9. Flying higher together with China GEnx, the quietest, most fuel-efficient engine with the lowest emissions that GE has ever produced. <ul><li>Largest aircraft engine manufacturer in the world </li></ul><ul><li>2,800+ GE/CFM engines operating in the China, CFM is a 50/50 venture between GE and SAFRAN Group </li></ul><ul><li>CF34-10A engines is selected to power China first regional jet – ARJ21 </li></ul><ul><li>CFM LEAP-X1C engines is selected to power China’s first homegrown C919 narrow-body passenger jet </li></ul><ul><li>GE Capital Aviation Services lease and manage ~280 aircrafts , purchased up to 10 C919 aircraft and 25 ARJ21 regional jets </li></ul><ul><li>GE and AVIC forms joint venture to create new global business opportunities </li></ul><ul><li>GE-AVIC joint venture has been selected by COMAC to provide the avionics core processing system, display system and on-board maintenance system for C919 </li></ul>A China-based global partnership in Avionics
    10. 10. “ GE has to be a place where the people want to come to work and where they want to stay and live their dreams in an open and fair, diverse environment.”  - Jeff Immelt
    11. 11. GE global research footprint Bangalore, India 4 global research centers … 5 by 2012 Niskayuna, New York Munich, Germany Shanghai, China <ul><li>Highlights </li></ul><ul><li>3,000+ research employees (nearly 1,000 PhDs) </li></ul><ul><li>34,000+ GE technologists worldwide </li></ul><ul><li>$5.9B technology annual spend </li></ul>Rio de Janeiro , Brazil 2012 completion
    12. 12. Innovation Center… co-create solutions to address local market needs <ul><li>A $500MM commitment to building 3-5 Innovation Centers in inland China </li></ul><ul><li>Co-create solutions, and respond to the market faster </li></ul><ul><li>First phase in Chengdu, Xi’an, Shenyang, adding over 1,000 staff </li></ul>
    13. 13. Tomorrow’s Calling You.
    14. 15. <ul><ul><li>Edison Engineering Development Program </li></ul></ul><ul><ul><li>Financial Management Program </li></ul></ul><ul><ul><li>Information Management Leadership Program </li></ul></ul><ul><ul><li>Operations Management Leadership Program </li></ul></ul><ul><ul><li>Commercial Leadership Program </li></ul></ul><ul><ul><li>Experienced Commercial Leadership Program </li></ul></ul><ul><ul><li>Human Resources Leadership Program </li></ul></ul>* 2007 Universum Communications Survey Top Ranked Rotational Leadership Programs* <ul><ul><li>Two years’ program, rotational in nature, offer hands-on/on-job-training experience, as well as either classroom or additional learning experience while on program. </li></ul></ul>
    15. 16. Invest on People PB SPB EB+ LPB Objective: World Class Talent ... “Promote from Within” Philosophy Grow Global Leaders <ul><li>Closing Leadership Gap … </li></ul><ul><li>Inbound GME … develop local successor </li></ul><ul><li>Executive assessment & development </li></ul><ul><li>Mentoring/ visibility/ networking </li></ul>Develop Local Leaders <ul><li>Accelerate Top Talent’s Growth … </li></ul><ul><li>mid-senior Leadership programs </li></ul><ul><li>Cross business / function move </li></ul><ul><li>Global / stretched assignments </li></ul><ul><li>Coaching & feedback </li></ul>Identify Top Talent <ul><li>Build Talent Pool … </li></ul><ul><li>University strategy & leadership programs </li></ul><ul><li>Outstanding hires … early + mid career </li></ul><ul><li>Performance management … top talent </li></ul>Leadership Training
    16. 17. Employees must have longer-term career opportunities The culture of the company must be sensitive to the Chinese culture There must be meaningful learning opportunities for employees Rewards programs must be competitive Employees must understand the company vision and mission Employees want to work for a successful, well known company … good citizenship Total Value of a “Job” Opportunity Company Culture Learning Rewards Leadership Branding
    17. 18. Great people, great platform … and more than that: we never hesitate to develop people!