Mission Statement• Imagine, solve, build and lead - four bold verbs that express what it is to be part of GE. Their action-oriented nature says something about who we are - and should serve to energize ourselves and our teams around leading change and driving performance.
Background• Thomas Alva Edison – Edison General Electric• Charles A Coffin – Thomas-Huston Company• Merger together in 1892 to form General Electric• Edison replaced by Nikola Tesla
Background• HQ in Fairfield, CT• $182,515,000,000 Annually• 323,000 Employee’s worldwide• Been in business for 117 years• One of the first 12 on the DJI
Key Dates• 1876: Edison opens the laboratory in which he would invent the incandescent electric light bulb• 1890: Edison General Electric Company established• 1892: Becomes General Electric Company• 1907: Produces heating and cooking line• 1930: GE Plastics department founded• 1932: GE scientist Irving Langmuir wins Nobel Prize• 1970: Computer division sold to Honeywell• 1973: GE scientist Ivar Giaever wins Nobel Prize• 1986: Reacquires RCA• 1987: GE Aircraft Engines founded• 2004: Acquires Vivendis TV/movie assets
What they own• NBC – MSNBC – CNBC• Universal Pictures• Universal Studios
What do they make?• Genie • Lighting• Aciation • Medical Imaging Equip. • Electric Motors• Jet Engines • Locomotives• Electricity • Wind Turbines• Entertainment • TV• Gas turbines • Motion Picture Projectors• Generation (IMAX)• Industrial Automation
The GE Footprint• In 1992 GE was the 4th most environmentally destructive company in the USA• They were fined millions in clean up costs• In a mere 17 years GE has become one of the most Green companys