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General Electric Light Company Analysis Essay
1. General Electric Light Company Analysis Essay
Company SWOT
General Electric (GE) is a huge multinational corporation. The company started out as the Edison Electric Light Company in 1878. In 1892 the
company was incorporated as General Electric thru a merger with the Thomson–Houston Electric Company. The company's products and services
include such items as aircraft engines, oil and gas production equipment, medical imaging, financing ,appliances, and industrial products . GE's
diversified businesses reduce its financial risk. GE currently company operates 206 manufacturing facilities in the US and Puerto Rico, and over 295
manufacturing plants located in 39 other countries around the world. GE offers products and services across the United States, Mexico, Europe, Asia,
Middle East and many other countries. GE's headquarters are located in Fairfield, Connecticut. In 2015, the company announced the GE Capital Exit
Plan, where they plan to reduce the size of their financial service business. They will be selling off secondary business interests and some investments
but still retaining particular assets to fuel their growth for years to come.
Company Strengths
GE is an innovator within the industry, and the company has many strengths that set it apart from their competitors. The company has major
partnerships with other popular businesses worldwide. This is a major advantage for the company as it will help bring in new customers to the
company and make their business more successful. General Electric has ventured
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2. General Electric And Transformation Of Company
This case study follows General Electric, and the transformation that company made over two decades of business. General Electric was founded in
1878 by Thomas Edison, and according to the case study, "[GE] grew from its early focus on the generation, distribution, and use of electric power to
become, a hundred years later, one of the world's leading diversified industrial companies" (Wozny, 2005, p.1).General Electric grew its name in
business through their work in power generation, lighting, and household appliances. The case study also mentions that General Electric worked with
aircraft engines, medical systems, and diesel motors. GE was a company that was constantly changing and adapting. It was in the 1950s, that the
company had delegated work to hundreds of managers for different departments of the company. In 1973 a new CEO came up the ranks of the
company, Reg Jones inherited the company and started a complete reorganization. According to the case study, Reg Jones started by
"overlaying its 10 groups, 46 divisions, and 190 departments were 43 strategic business units designed to support the strategic planning that was so
central to GE's management process. Jones raised strategic planning to an art form, and GE again became the benchmark for hundreds of companies
that imitated its SBU–based structure and its sophisticated planning processes. Soon, however, Jones was unable to keep up with reviewing and
approving the massive volumes of information generated by 43
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3. Jack Welch And His Transformation Of General Electric
Jack Welch and His Transformation of General Electric
Jack Welch is among the celebrated chief executive officers globally. He was the manager of the General Electric Co. Welch always appears in the list
of the best, the smartest, the toughest bosses whole of the America. He has changed the company's bureaucracy in terms of planning and systems. The
paper will discuss Jack Welch as one of the most prominent industry leaders. He and his colleagues have been instrumental in turning around a large
company. Additionally, the paper will examine the condition ofGeneral Electric Co. when Welch took over. Furthermore, the paper will address the
transformation of the Company since then. More importantly, the paper will investigate the strategy that was used to ... Show more content on
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in the year 1981. He was among the youngest CEOs ever. However, Welch had to make an effort to change the conditions of the General Electronic
Co. The company initially practiced the traditional system instead of the employee involvement (Welch, J., 2005). Therefore, Jack Welch brought the
idea to shift into the new strategy of the employee employment. This strategy would be a very relaxed setting whereby, both the managers and the
employees would have a chance to implement their platforms. Jack introduced the Work Out Program. This would adequately diversify from traditional
hierarchy geography. A Work Out Program is an informal meeting that consists of a large cross
–functional group that works in solving grievances with
no horizontal or vertical boundaries. Since then, the genius strategy has changed the culture of GE. Consequently, the program created a more
sufficient, innovative company with the active employee participation. Welch knew that the only way to bring the change was through employee
empowerment. The motivation of the 300, 000 employees inclusive of those in the front line was the first intention of the program (Welch, J.,
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4. General Electric Case Essay
Before Jack Welch stepped up into corporate office position, the world–famous corporation was on its route for imminent crisis which was barely
noticed by anyone. As a result, he decided the company needed a change to combat economic and competitive challenges of the market place. With his
various strategies regarding business leadership, he has led the company into salient and radical revolution of corporate restructuring, with the goal of
transforming GE into a global leader for benchmarking and achieving maximized productivity and labor efficiency. His tactics for restructuring
included purchases and sales of business units, moving away from bureaucratic culture and structure to one of openness and flexibility, removing
unnecessary ... Show more content on Helpwriting.net ...
As a result of massive changes in operations of GE, the personnel have experienced a substantial amount of cultural shock that might have adversely
affected their attitudes and motivation to work and has created some a number of problems. To begin with, there was great concern with job insecurity
among the current employees of GE as results of considerable layoffs, Welch administered in trying to pursue the strategy of restructuring. This
ultimately could have resulted in stress, anxiety and poorer health among the workers fearing that they might be next for dismissal, regardless of how
well they were performing their jobs. Additionally, this might have put extra strain on those managers who resisted the change in GE falling into the
trap of status quo unwilling to part with traditional centralized structure at GE. They feared the new actions and criticisms that might follow from their
new responsibilities and tried to protect their ego. Consequently, it might have resulted in firing of competent people who did not adhere to the new
culture thus losing valuable human capital and maybe even trade secrets. Another issue directly linked to predecessor is lack of self–confidence among
the employees who were working under pressure of strict rules and procedures. This created another barrier to change. GE did not have openness and
real communication among employees and managers aimed at supporting interactive
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5. General Electric Under Jack Welch
General Electric Under Jack Welch
In 1980 right before Welch took the position as CEO of General Electric, GE 's organizational rigid structure, resistance to change, and bureaucratic
climate made it impossible to perceive important environmental changes. Furthermore, the organizational structure, decision–making process and
information management procedures no longer fit the organization 's needs. In 1981 Jack Welch was not considered a leading contender for GE 's top
job. However, his performance and earnings record ultimately won him the position over six other candidates. When Jack Welch took office as the new
chairman and chief executive officer of General Electric, the company had entered the stage between the maturity ... Show more content on
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Informality was also standard in company correspondence. Welch faxed handwritten notes to anyone in the company who he felt deserved personal
communication, whether to motivate, correct, or congratulate. Welch also personally reviewed everyone who worked directly for him, handwriting
extensive performance evaluations that sometimes ran several pages. This exercise not only gave specific and ongoing feedback to employees but
was a chance for Welch to reflect on the businesses that each employee was leading. The atmosphere of informality was perhaps most critical among
GE 's top leadership, where the confidence that came from being in familiar company encouraged executives to openly praise or criticize each other.
Welch consistently forced executives to bicker in meetings, the idea being to force management to know their businesses, processes, and issues
thoroughly before engaging in discussion with the boss. Under such conditions Welch could determine a manager 's level of dedication or passion for
a plan or policy by noting the extent to which he was willing to argue. Welch was typically rude and had little patience for half measures and was
equally combative in performance review meetings, in which company leaders would discuss the employees within their respective divisions. Welch
could be quick to make judgments with seemingly limited knowledge, but he wanted to stimulate
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6. General Electric Company Financial Analysis
Business Analysis II: General Electric Company Financial Analysis
Cristina Mota Crespo
University of Phoenix
MGT/521 Management
September 26, 2012
Prof. Elsie Jimenez–Galarza
General Electric Company Financial Analysis
This essay is continuation of the financial evaluation from last week; we had to choose a company among the Fortune 500 in my case I chose GE
Company. This Finance is about the study of money, it helps managers and senior leadership in an organization to be able to make better objective
decisions (Blacconiere & Hopkins, 2002). Every company must invest in having an accountant which will create financial statements that provides
information about the financial performance of a company. ... Show more content on Helpwriting.net ...
Also; Citigroup, Inc. another competitor for the GE Company made a total of $64.95 billion in 2011, and when we compare it with GE and SI its
earnings where even less in the same year, making General Electric a leader in the industry. With this valuable information GE management can
analyze its competitor's financial statements results and from there they can evaluate their faults and create new ways to increase their annuals
earnings and secure their place as one of leading companies in their industry. Another way GE can go forward in the industry is by adapting its
services and products to other countries that need them. To maintain its leading position GE posses Advance Technology Programs witch conduct
researches in nanotechnology, molecular medicine, energy conversion, advance propulsion, sustainable energy and organic electronics (General
Electric Company, 2012). One of the advance technologies that GE and SI have in common is the research in molecular imaging and diagnosis; GE
trying to create new tools for physicians so in the future they could better and faster diagnose person's diseases with their own molecular makeup
(Ciabuschi, 2005). Siemens Ag on the other hand is trying to improve MRI's so they can create a single continuous move which will result in faster
scanners and increase image quality and they are also doing researches in the molecular department. On the other hand GE and
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7. The General Electric Company : Edison Electric Light Company
The General Electric company, or GE, had it's beginnings in 1878, when Thomas Edison created his Edison Electric Light Company. Edison created his
first publically available electric lamp, and changed the industry forever. By 1890, another company, the Thomson–Houston Company, had started, and
created competition with Edison's company. Being the only two large companies offering electric light, Edison Electric Light and Thomson–Houston
had a lot of tension between them. But neither of them could fully rely on themselves, and so together they created The General Electric company.
Edison brought many of his ideas and inventions to GE, and so GE always had many divisions. Among which, electric light, medical equipment and
power transmission ... Show more content on Helpwriting.net ...
Now, GE has continued on and owns over 67,000 patents.
The company has blasted off from the beginning, and that can only happen with a strong staff to support the company from the inside out. Currently,
GE has it's headquarters in Fairfield, Connecticut. Jeff Immelt is the current CEO, and has held that position since 2001. Immelt has been involved in
the company much longer than that, though. He's held positions in GE's Plastics, Appliances,and Healthcare divisions since 1982. However, his power
has a negative side to go along with the positive. GE's stock has gone down nearly 60% since 2001, when Immelt become the CEO. This dramatic
change can be blamed on fluctuations in the economy, but that's not where it stops. General Electric has lost 19,000 employees, and also closed 31
plants in America. Immelt has been criticized for all of this, and even especially so because he was the chairman on President Obama's Council on Jobs
and Competitiveness. The company has 18 other corporate executives, to head fields like Financial Planning, Investor Communications, and Global
Research. Their 19 business executives head the different departments of GE: Lighting, Transportation, Asset Management, Power and Water, Oil and
Gas, International Capital, Retail Finance, Aviation, Energy Management, GE:Africa, GE:Greater China, GE:America, Healthcare, Home & Business
Solutions, and Real Estate and Capital
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8. Case Analysis Of General Electric
CASE ANALYSIS OF GENERAL ELECTRIC
Aaron Sneddon
DeVry University
BUSINESS POLICY (BUSN412)
Edward Pinero
June 24, 2015
Company Information
Company Name: General Electric
Website: www.ge.com
Industry: Diversified Machinery
Background and History of General Electric General Electric was originally the Edison Electric Light Company that was established in 1878 by
Thomas A. Edison. In 1892 it merged with Thomson–Houston Electric Company to create General Electric. In this current time, General Electric has
now grown to a huge conglomerate. The business units that make up General Electric are GE Aviation, Capital, Energy Management, Healthcare,
Lighting, Power & Water, Oil & Gas, and Transportation. The company has been trying to expand into emerging markets and shrinking the
Capital business unit. Jeff R. Immelt is the current CEO and has been in that seat since 2001. According to Steve Lohr, General Electric's net
profit loss for quarter one of 2015 was 13.6 billion dollars and the revenue was 29.4 billion dollars" (Lohr, 2015). The net profit loss for the quarter
relates back to General Electric selling most of GE Capital. General Electric is expecting to take a initial loss of 16 billion dollars from selling the
majority of GE Capital.
Porter's Five Forces Model on General Electric:
Threat of New Entrants o The threat of new entrants in the businesses that General Electric is primary involved in is pretty low as each of the
industries have a high
10. General Electric ( Ge )
General Electric General Electric (GE abbreviated) was started with Thomas Edison's invention of the light bulb. Both Thomas Edison and JP Morgan
started the Edison Lamp Company, which later became known as General Electric. The people at GE are committed to making a world that works
better. General Electric does not have a standard mission statement, but they explain their objectives by the simple equation seen below.General Electric
, as seen in the equation above, looks at what the world needs, finds a better way to produce that need and does all of this with a relentless drive to
invent and build things that matter. And this equation equals a world that will work better. GE takes pride in the over all quality of their products and
wants stakeholders to know that they are very customer driven and will put the customer first and foremost. In the GE work equation, they do not
reference the teamwork, customer, excellence and other attributes they may have, but they do focus on markets served, citizenship, employees, and
their self–concept. General Electric was actually founded in 1892 when Edison General Electric and The Thompson– Houston Company merged to
become The General Electric Company with Charles A. Coffin as the first president. Since the formation of the company, General Electric has come to
be the top contributor in health, science, and technology, more so than any other company. There have been some remarkable times for General
Electric shown in their
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11. Ceo Of Ge ( General Electric )
INTRODUCTION: Four days before the events of September 11, 2001, Jeff Immelt was appointed as the new CEO of GE ( General Electric). The
change in GE's association along the simultaneous adjustments in past and communal contexts allocated the multinational firm in a critical locale
considering their commercial returns and reputation. From 2001 across 2005, GE confronted a number of subjects stemming from the evolving
company and how their benefits and communicative strategies worked inside it.There a insufficient main subjects of GE's company context.Within a
colossal framework of analysis. The purpose of this analysis was to discover a globe company's sustainability strategy and comprehend how it relates
to its global operations. GE does not use "sustainability" or "triple bottom line" to delineate its efforts, but rather has a finished focus on the
development as seizing into thought "People, Planet and Economy." Across interviews along six procedures heads in five states on four landmasses,
and our, we learned GE aims to hold stockholder worth by increasing its business companies as additionally enhancing operational efficiency, operative
protection and environmental conditions. GE's development strategy that illustrates the company's rising demand for a sustainable supply, as well as
highlights the opportunities and trials the conglomerate faces. in The case was mentioned that there was discovered, that the use of procedure
enhancement methodologies like Lean Six Sigma
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12. General Electric
Case: Globalization at General Electric
Summary:
The closing case explores General Electric's quest to become the number one or two company in global market for every business which it take part.
General Electric (GE) is the largest industrial conglomerate in America, produces a wide array of goods and services, from medical equipment,
power generators, jet engines, and home appliances, to financial services and even television broadcasting. Since 1985, GE earned over 40 percent of
its revenues from international sales. Besides that, analysts estimate that by 2012, GE will be generating 55 to 60 percent of its business
internationally. When GE was led by Jack Welch, to reach the goal, he sanctioned an aggressive and often opportunistic... Show more content on
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These moves does not benefit the United States (US) because the headquarters moves out from US, thus customers in demand of GE Health Care
business which previously in US will go to London instead; besides that, GE Health Care will no longer pay taxes to US hence it gives huge losses to
US.
Question 3
The goal behind trying to "internationalize" the senior management ranks at GE is to have deep understanding of local language and culture which is
often critical in maintain the survival of the company. For example, in China, the government is a large customer, and working closely with
government bureaucrats requires a cultural sensitivity that is difficult for outsiders to gain. Therefore, GE needs somebody who can converse in
Chinese language and understand Chinese culture to obtain government bureaucrats' trust. To "internationalize" senior management ranks means that
the company hire international managers from the country that they invest and locate them in the region they came from. This is because they found
that local nationals are invaluable when trying to sell to local companies and governments. To achieve that, they send those managers travelling
overseas for management training and company events.
Question 4
After discussing with my teammates, from the GE example, we found out that the nature of true
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13. General Electric Company And Thomson Houston Company
INTRODUCTION
General Electric was formed out of a merger between Edison General Electric Company and Thomson–Houston Company in 1882. It has since lead the
industry in energy and medial advancements from the first dynamos to X–ray machines. The company has since expanded in many different areas such
as energy, health, transportation and infrastructure, and employs over 300,000 employees in over 100 countries around the world. The case examines
GE's need to innovate in a competitive market. GE wanted to focus on the green energy space. Green energy space was a growing area for new
opportunities and investments. Venture capitalfunding in the green energy space only amounted to 1–2 percent 10–15 years a go, but now as of the
case it is ... Show more content on Helpwriting.net ...
The platform didn't employ any rubric or standardized set of rules to determine if an idea of or start–up was worth investing. The company gave the
judges freedom to operate as normal, and advised the VC firms to do as they normally do when picking a potential investment. With a second
round of enteries for the ecomagination platform occurred in January of 2011, and this time the focus was on the smart grid technology. This
round generated another 1,000 responses in which forty were selected as the finalists. Furthermore, "GE also identified early on a second category
of awards, where the ideas were good but too early to be investible ventures. These became the ecomagination Challenge award winners. I think they
set aside five $100,000 prizes for these ideas." as stated by Hullah of Rockport Capital. In the end there were 23 ventures funded with about $140
million dollars used out of the total $200 million fund. Even through there were 23 ventures funded there was no financial gain for GE, and there
would be no gain for a while. Most of the ventures were predicted to gain traction 12–18 months after, but would take years to generate the kind of
profit that GE is used to and sustains itself at. "In order for the ecomagination Challenge to pay off for GE, some of the nascent ventures would need
to gain scale or accelerate the growth of an existing GE business. A team with an idea, an unproven business model and only a
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14. General Electric Research Paper
| General Electric| A Business Analysis| | | |
|
Table of Contents:
Abstract | Page 3| Introduction | Page 4| Strengths and Weaknesses | Page 5| Financial Analysis | Page 9| Environmental Threats | Page 10| Growth
Opportunities | Page 12| Assessment, Prospects, and Suggested Future Direction | Page 15| References | Page 17|
Abstract General Electric is a worldwide manufacturer and supplier of an extremely wide spectrum goods and services. From an investor's standpoint
to a student's standpoint, it is crucial for someone to be able to thoroughly complete an effective and accurate analysis on a company, especially on
such a company like General Electric. There are several ... Show more content on Helpwriting.net ...
Some of their big competitors are Hitachi Ltd., Siemens AG, and Honeywell International. Also, some of their other big competitors are Mitsubishi
Corporation, Textron Inc., United Technologies Corporation, and 3M. The company is all about Research and Development when it comes to target
market and product mix. A general motor innovates on a large scale. More than half the planes in the world have GE engines. Jet engines are a
technical and manufacturing masterpiece. They have invested more than $10 million in R&D over the past decade to serve the military and
commercial aviation customers. The new engines are substantially more fuel–efficient than the ones that they are replacing. They track thousands of
engine performance parameters while they are in service, and they use that information to improve performance standards. Their ability to execute
large–scale innovation is based on GE's technical depth and scale. The capability is unmatched and creates customer satisfaction, employee pride, and
financial performance. There are very few companies on earth who do what General Electric does (Datamonitor pg. 49). General Electric is a
diversified industrial corporation. The company's product range includes aircraft engines, power generation, water processing, and household
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15. History Of General Electric Company
History of General Electric
General Electric was founded by Thomas A. Edison in 1878 as the Edison Electric Light Company. In 1892 it merged with Thomson–Houston Electric
Company to create General Electric as we know it today. The mission statement of General Electric is to work on things that matter.General Electric
employees will reference this as GE Works.
Strengths and Weaknesses
A strength of General Electric as a company is the resources that they have working at the company. They have over 300,000 employees and they all
come from different backgrounds. This helps the company be able to spread around the world, because they have employees from that come from all
different countries around the world. According to information ... Show more content on Helpwriting.net ...
General Electric's next strength as a company is the amount of cash and liquid funds it currently has. According to the YCharts site, "General Electric
currently has 137 billion in liquid funds" (YCharts, 2014). This is one of GE's strengths as they are able to recruit and buy other companies with that
money which also would be an opportunity for them. The cash on hand helps them out if there is another recession as General Electric would have that
money to help counter any loss of profits and be able to inject that money into the company.
One weaknesses of General Electric is the size of the company. It is a challenging task to manage a conglomerate. General Electric's main business
units are GE Aviation, GE Capital, GE Corporate, GE Energy Management, GE Appliances and Lighting, GE Healthcare, GE Power & Water, GE Oil
& Gas, and Transportation. As you can see that is a wide variety of businesses. They all have their individual strengths and weaknesses also, but Jeff
Immelt the CEO has to manage it as one giant company as General Electric.
An action that General Electric can do to lower the risk of this weaknesses is getting rid of a business sections that hurt the company overall. These
business units could still be very profitable, but if it hurts the overall vision of the company then action has to be taken. They can do this by either
selling the business unit or spinning it off into its own business. Both of these actions
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17. 2.3 RCA
The Radio Corporation of America (RCA) was founded by GE in 1919 to further international radio. GE used RCA as its retail arm for radio sales from
1919, when GE began production, until separation in 1930.[13] RCA would quickly grow into an industrial giant of its own.
2.4 Power generation
GE's long history of working with turbines in the power–generation field gave them the engineering know–how to move into the new field of aircraft
turbosuperchargers. Led by Sanford Alexander Moss, GE introduced the first superchargers during World War I, and continued to develop them during
the Interwar period. Superchargers became indispensable in the years immediately prior to World War II, and GE was the world leader in
exhaust–driven supercharging when the war started. This experience, in turn, made GE a natural selection to develop the Whittle W.1 jet engine that
was demonstrated in the
United States in 1941. Although their early work with Whittle's designs was later handed to Allison Engine Company, GE Aviationemerged as one of
the world's largest engine manufacturers, second only to the well–founded and
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18. The General Electric ( Ge )
Transnational organizations have a complex business structure and require a multidimensional concentration of resources which are customized to
meet the requirements of each local market. The central office requires a transnational strategy in order to attract local benefits which are important to
the organization. Among the advantages of transnational organizations is the capacity to maintain a great degree of quick to response to local market
needs from where they have operations. This report focuses on the General Electric (GE) which holds substantial assets and with operations in most
countries in the world. General Electric (GE)
Widely regarded as a leading global corporation in the 20th century with operations in over a hundred and seventy countries and over three hundred
thousand workers, General Electric remains an icon in best management practices. With its operations in power, appliances, energy management,
aviation, oil & gas, and transportation among others is ranked as among the top leading firms in the US. It is also a global leader in the digital industry
with interests in transforming needs into responsive, connected and predictive solutions. With its vast operations, GE is involved in innovation,
product development, and funding startups among others (Hydle and Karl 261).
In order to survive, GE has tried to form symbiotic relations to support its ecosystem (Tallberg 774). The partners involved in the ecosystem have
in–depth understanding coupled with
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19. General Electric: Imagination at Work
General Electric: Imagination at Work
Dee Ann Clark, Michele Harbin–Williams, Sudha Sunkara
University of Phoenix
ORG/502
Human Relations and Organizational Behavior
Jerry Davis
October 19, 2005
General Electric When one thinks of General Electric (GE) they envision a well diversified, elite, global corporation. GE employs more than 300,000
people worldwide and serves customers in 160 countries. GE 's culture is well defined by its mission, vision and values. This company has become
recognized for its unparallel training and career development as well as for its significant organizational processes. These practices have enabled GE to
provide the utmost quality while maintaining their aggressive commitment to leadership ... Show more content on Helpwriting.net ...
Overall, GE recruits 800–1000 college graduates in the United States and more than half are from 38 core universities that GE calls it В‘Executive
Schools ' (GE, 2005). Of those students that are hired full–time, 60% have completed one or two more internships with the company. GE recruits recent
graduates from seven corporate leadership development programs worldwide. Steven Canele, manager of diversity and recruitment services believes
"diversity recruitment is very healthy at GE (GE, 2005). A St. Louis–based non–profit organization, INROADS, places over 6000 minorities annually
with Fortune 1000 companies and GE has received 160 of these candidates this year (GE, 2005). The prevalent slogans of GE are "Imagination at
work" and "Ecomagination".
Imagination at work campaign speaks not only where the GE is now, but where the company is going. Imagination at work is about curiosity,
relentless drive, hard work, and willingness to take risks along with foundation of limitless imagination that makes anything possible. Ecomagination is
about addressing the tomorrow 's problems today. It is a global GE strategy for growth where advance technologies help GE to answer modern
challenges, support their customers, and increasingly enhance their bottom line. It is designed to bring to market new technologies, which will help
customer to address future global environmental challenges (GE, 2005). GE 's culture is defined by Six Sigma and is one of its most significant
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20. General Electric and Honeywell Merger
Introduction The merger case between General Electric Co. (GE) and Honeywell Inc. has sparked considerable debate between US antitrust agencies,
economists and scholars since the announcement of its unsuccessful attempt by the European Commission (EC). GE is a corporation active in aircraft
engines, financial services, and transportation systems while Honeywell is a manufacturing company producing aerospace products and is the leading
supplier for engine starters. Both parties are from the US. In Oct 2000, GE and Honeywell agreed to merge and Honeywell was to become a wholly
owned subsidiary of GE. The US Department of Justice (DoJ) conducted thorough investigations and approved the merger with limited conditions (Platt
Majoras,... Show more content on Helpwriting.net ...
There has been considerable debate amongst academics whether foreclosure would reduce competition or not. However, Bernheim and Whinston
(1998)(cited in Lipczynski et al., 2005, p. 581) argue that there is no black and white; the effects of foreclosure will vary according to conditions
Krattenmaker and Salop (1986) (cited in Lipczynski et al., 2005, p. 581) derived 3 conditions to ascertain if foreclosure harms competition. 1. Is
the ability of excluded rivals to compete reduced? Competitors might face increasing costs when firms deliberately increase the price of supplies or
when competitors are forced to bid for remaining inputs. However, this does not mean it will increase competitor's cost if supplies are available
from alternative suppliers. 2. Is the market increased by exclusion? Firms may not necessarily gain market power if it has powerful competitors or if
entry is possible. This may harm competitors but not necessarily competition. 3. Is the exclusion profitable? Profit increase from enhanced market
power doesn't necessarily counterbalance the loss in revenue. *coloured sentences represent linkage of theory to the case. Vertical Merger; The case.
Honeywell is a leading supplier of engine starters (upstream) where its inputs are necessary for the production of engines that GE (downstream)
produces. GE's CEO, Jack Welch strongly believed the
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21. General Electric ( Ge )
General Electric (GE) has manufactured and sold products that span from a small household appliance to health care equipment, and also jet engines
for years. Almost everyone has heard of GE and has used one of their appliances at some time. Growing demands for new technology remains just as
strong as ever. GE has combined technology and globalization by taking their state of the art products around the globe and into 130 countries
(Directory, 2016). In January 2015, GE Ventures, (Geventures, 2015), a division of GE, has partnered with Rethink Robotics which designs and makes
robots for dozens of industries that use robot applications to help build and assemble products (Collaborative, 2008–2016). "Focused on the areas of
software, advanced manufacturing, energy and healthcare, GE Ventures helps entrepreneurs and start–ups succeed by providing access to GE's
technical expertise, capital and opportunities for commercialization through GE's global network of business, customers and partners" (Investors,
2008–2016). This investment of $26.6 million (Rethink, 2015) takes GE into modern technology to help people around the world. President and CEO
at Rethink Robotics says, "Our new and existing investors recognize the enormous market potential for smart, collaborative robots in manufacturing,
and they share our vision for driving ongoing product innovation, volume deployments and continued expansion into global markets" (Rethink, 2015).
GE's global research and development has
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22. General Electric As A Global Company
General Electric is a global company that provides diversified products and services as well as continuing to create and improve on many different
products and services. The company has endured economic hardship during some of the most difficult economical and social periods in United States
history. General Electric operates in both domestic and global environments and thrives in many parts of the world that could be considered
economically challenged. General Electric has products and services that include functions with power and water, electricity, aviation, healthcare,
transportation, and capital. Jeffrey Immelt is the current Chief Executive Officer. Under his leadership, General Electric has maintained the company's
status as the ... Show more content on Helpwriting.net ...
Utilizing patents that belonged to each business, both companies were having increased difficulty producing completely independent electrical
installations. The solution was to bring both businesses together and form one conglomerate. In 1892 the General Electric Company was born. The
culture established in the merger would lead General Electric into the future and determine how successful the company would become. Organizational
culture encompasses the values and assumptions shared within an organization. (McShane & Glinow, 2015) The organizational culture in General
Electric is established by the many qualities of the company and its employees that assist in helping design the future direction of the organization.
Evidence of General Electric's organizational culture can be found in the organizational symbols that the public readily identifies with. The most
obvious symbol of General Electric is the company logo. The visual representation of General Electric starts with a circular logo that is meant to
represent the company's timeless quality. The smaller markings inside the circle allude to the constant motion and innovation the company maintains
with its products and services. The interconnected initials are also meant to symbolize connectivity and fluidity as well as the sophistication of
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23. Major Competitors Of General Electric
Five Forces Model
Current Competitors
General electric is one of the world 's largest and most diversified companies. With eleven different segments of the company, ranging from Advanced
Materials to NBC Universal, General electric has a strong hold on many separate markets. As a whole, General Electrics ' main competitor on a
conglomerate level consists of Siemens. Siemens AG (SI) is a leading diversified company offering products and services in information and
communications, automation and control, power, – 10 – transportation, medical, water and wastewater treatment, lighting, financing, real estate, and
home appliances. Siemens ' is one of the largest markets in the world, with thirteen worldwide businesses and annual sales of $97 billion. Siemens
companies in the U.S. employ approximately 70,000 people and 430,000 people globally. Siemens' most closely mirrors General Electric's size and
structure, making it their largest competitor. Breaking GE down into individual segments reveals a more accurate depiction of the company's
competition. Each separate venture of GE has its own degree of competition. While all eleven segments of the company are important, the largest and
most profitable areas of business are GE's finance, media, and technology businesses. GE's Consumer Finance and Commercial Finance are GE's most
lucrative businesses producing 39 billion dollars in revenue for 2004. These financial institutes offer a wide array of services and products such as
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24. General Electric Vice Electric Company Essay
General Electric
General Electric Co. (GE) is a major American corporation one of the biggest and the most differentiated corporation and most powerful business in the
world. According to Fortune 500 GE, gross revenue registered as the 26th foremost business association and its name incorporated among the top
rankers in the survey. The company functioning in many different sectors its invention consist of electrical and electronic appliance, aircraft engines,
financial services, and Energy Technology (Electric,General Electric Success Story, 2016). In 1878, Thomas Alva Edison founded General Electric, in
1892, the company combined Edison General Electrical Company, Schenectady, and Thomson–Houston Electric Company of Lynn, Massachusetts
while its headquarters are in Fairfield, Connecticut United State, its operating plants were in New York. Jeffrey Immelt chairperson and chief
executive officer of General Electric on September 7, 2001 to replace Jack Welch after his retirement (Electric, General Electric Success Story, 2016).
In the early years, the company was more motivated toward computer manufacturing industry, however due to the lack of technical aspect GE sold its
computer–manufacturing unit of Honeywell in 1970, there after GE functioned its computer manufacturing division under the name General Electric
Information Services (GEIS). General Electric gains various companies during its operations run; its substantial achievements were RCA for NBC
Television Network
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25. General Electric ( Ge ) Essay
General Electric (GE), established in 1892, is an American based, diverse conglomerate. General Electric is common household name, as well as a
renowned name in electric, oil, gas, power, renewable energy, aviation, transportation, and healthcare. In 2015, the Fortune 500 Company had over
$117 billion in revenue. The company continues to expand, and even surpasses the yearly goals it sets for its self. As of 2015, GE has 10 research
centers, employees over 3,000 engineers and PhD's between these centers, and filed 3,100 new patents. In the healthcare arm, GE creates diagnostic
imaging, clinical systems, and information technology products, as well as participating in drug discovery and other biopharmaceutical technologies.
GE provides pivotal technology for healthcare and fuels the healthcare revolution. These healthcare advancements are used to develop healthcare
facilities in third–world countries, as well as American healthcare (General Electric, 2016).
Level of Diversification GE is a very diverse conglomerate corporation. In fact, GE has 9 segments, which are not all directly interrelated: GE lighting
and appliances, aviation, capital, energy management, healthcare, oil and gas, power, renewable energy, and transportation This has not proven to be a
bad thing for GE, as it is very profitable.
Evaluation
However, sharing core competencies can become problematic between unrelated diversifications, or produce even more work. By transferring core
competencies, a firm
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26. General Electric Grievances
In 1892, Thomas Edison and the great powers to be started an Empire. This empire would live through financial crisis after financial crisis, and it
would not just endure, but it would thrive. Since 1892, General Electric (GE) has done a tad bit more than mess around with incandescent light
bulbs. They are the only remaining company left from the original Dow Jones Index, and now encompass dozens of subsidiaries that span the globe.
In every definition of the word, they are an empire. Beginning in the 1970's the ethical status of a company started to become relevant, and GE
would not be one of the top ethical companies then. Fast forward almost 45 years, GE is continuously find itself in the running for being one of the
most ethical countries in the world. How did they change their image in such a relatively short time? In 2001, the Multinational Monitor released over
40 documented grievances against GE, just before CEO Jack Welch's Retirement (The Case Against GE). Some of these grievances date back to things
GE had done since the 1940s, including nuclear testing on people in the United States. However, some are as... Show more content on Helpwriting.net ...
On the other hand, you could safely justify that companies, as a whole, are moving to become more ethical. Albeit probably not willingly, companies
seem to be making this move as a result of the Sarbanes–Oxley Act of 2002. In Sarbanes–Oxley (SOX), there are certain provisions for companies
regarding their Codes of Ethics. SOX states: "Section 406 requires public companies to disclose whether they have codes of ethics and also to disclose
any waivers of those codes for certain members of senior management" (Navran and Pittman). Now the feet of upper management is being held a little
closer to the fire, and without argument, doing business is a lot harder because of it when compared to doing business in the 40's and
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27. General Electric Decline
General Electric's stock prices had been on a long decline for several years, which began around the 9/11 terrorist attack. General Electric has been
called a financial company by several investors and businesses, and the financial segment of their company is what actually caused a decline in
General Electric's stock prices. Several bad events and disasters have been occurring since the 9/11 terrorist bombing and life has only gotten worse for
the world. Bad events and disasters had hurt General Electric immensely, as General Electric's financial segment, or GE Capital, was heavily reliant on
insurance profits. With all the bad events occurring, General Electric was having to give insurance payments back to the people who needed it, and ...
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Immelt is trying to hire new young employees that know about technology and can easily learn how to use newer technology. General Electric is
still working out issues with GE Capital and Immelt is continuing to remove problem segments from GE Capital. Immelt has declared that ideally
only $10 billion of GE's revenue should come from its financial departments, and that most of the revenue will come from General Electric's other
important departments, such as GE Aviation, GE Oil & Gas, and GE Power. One of the largest initiatives that General Electric is currently taking is
what they call "Industrial Internet." The "Industrial Internet" is a term that General Electric uses to "[refer] to the integration of complex physical
machinery with networked sensors and software." Basically, the "Industrial Internet" is using electrical sensors and software from the internet and
adapting it to machines, an example of a product, made by another company, that would have used the term "Industrial Internet" is the "google
smartcar." An important issue within General Electric is that upper level employees are making millions of dollars, while workers don't receive so
much. In 2014, Jeffrey Immelt pocketed about $48.9 million and increased his salary by 8.2% to $3.8 million. So, one of the main issues in General
Electric would be the corruption that occurs in the higher level executive jobs. However, the corruption in the executive level jobs does not affect how
well the stocks do for General Electric, and it should not influence anyone's decision to buy General Electric's
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28. General Electric
GENERAL ELECTRIC General Electric is a company who strives to put their best foot forward. For more then 120 years, General Electric has been
number one in the products they sell. From airplane engines to light bulbs, their attitude has been admired not only in America, but worldwide. GE
serves customers in more than 100 countries and employs more than 300,000 people worldwide. After all GE has accomplished, including revenues of
152.4 billion dollars in 2004, the company still maintains a healthy relationships with its customers. In 1876, Thomas Edison opened a laboratory in
Menlo Park, New Jersey. In that lab one of the greatest inventions of all surfaced, the light bulb. That one business however was not enough for... Show
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Their next project is wind energy. Their mission is to provide a more advance and efficient source of energy, and this is being done for the services of
the energy industry. Another project being worked on is the Gevo 12–cylinder diesel engine products the same 4,400 horsepower as its 16– cylinder
competitor. This engine uses less fuel, delivering significant savings over the life of the diesel locomotive.
General Electric over the years has expanded their target markets from and older generation, to a new and more youthful generation. Now in our
society more and more young women are taking the necessary steps to become more responsible and independent. In our days marriage occurs in the
early 20 's and lower, with that information GE has figured that more of the younger generation would be into such products as their mothers were into.
Now more commercials are focused on mainly middle aged women that are in the process of becoming parents are wives. Other target markets include
Aircraft industry, rail, automobile, appliance, electronic, consumer direct, and energy industry. As time progresses so will the expansion of GE 's target
market, and they will continue to be the dominant power house in the Electrical industry.
General Electric Company (GE) is a diversified industrial corporation engaged in developing, manufacturing and marketing a wide variety of products
for the generation, transmission, distribution,
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29. General Electric
Mini Case Study
Can GE Remake Itself as a Digital Firm? General Electric (GE) is the world 's largest diversified manufacturer. Fortune named GE "America 's Most
Admired Company" in 1998, 1999, and 2000. Jack Welch, GE 's CEO and Chairman since 1981, is often cited as the most admired CEO in the United
States. Headquartered in Fairfield, Connecticut, the company consists of 20 units, including Appliances, Broadcasting (NBC), Capital, Medical
Systems, and Transportation Systems. With the acquisition of Honeywell, announced inOctober 2000, GE became a company of $155 billion in
revenue and 460,000 employees in 100 countries. Despite GE 's size and old–economy businesses, Internet Week awarded GE its e–Business company
of 2000. Did GE ... Show more content on Helpwriting.net ...
Reiner ordered GE units to "come back with alternative approaches that enhance value to the customer and reduce total costs." The Internet initiative
started by changing GE 's culture at the very top. GE 's internal newsletters and many of Welch 's memos became available only online. To give
blue–collar workers access to the Net, GE installed computer kiosks on factory floors. One thousand top managers and executives, including Welch
(who also had to take typing lessons), were assigned young, skilled mentors to work with them three–to–four hours per week to make them comfortable
with the Web. They had to become able to evaluate their competitors ' Web sites and to use the Web in other beneficial ways. Every GE employee was
given training. Welch announced in 2000, that GE would reduce administrative expenses by 30–to–50 percent (around $10 billion) within 18 months
through use of the Internet. Many projects came out of the initiative. For example GE Medical Systems, which manufactures diagnostic imaging
systems such as CAT scanners and mammography equipment, identified its DYB threat as aggregators, such as WebMD, which offered unbiased
information on competing products as well as selling them. GE products on these sites looked like just another commodity. The unit 's major response
was iCenter,
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30. Financial Analysis of General Electric
GE Works 2011 Annual Report CONTENTS 2 Letter to Shareowners 10 Business Overview 29 Board of Directors 31 Financial Section 142 Corporate
Information 2011 SUMMARY CONSOLIDATED REVENUES (In $ billions) 2007 170 NBCU 155 2008 180 163 154 139 150 133 2009 2010
п¬Ѓnancial and strategic highlights 2011 147 142 22% GROWTH CONTINUES 22% increase in Operating EPS excluding impact of the preferred
stock redemption, and 20% rise in Operating earnings. $200B RECORD INDUSTRIAL BACKLOG Record equipment and service orders drove the
backlog to a record of $200 billion. GE ex NBCU EARNINGS ATTRIBUTABLE TO GE (In $ billions) 2007 22.3 NBCU 20.4 17.8 15.9 GE ex
NBCU 10.8 9.5 2008 2009 2010 2011 $85B FINANCIAL... Show more content on Helpwriting.net ...
We need each other to be successful. We made the decision to invest $1 billion in our Appliance business, modernizing our factories in the U.S. Our
п¬Ѓrst two new products will be introduced early in 2012, with other major launches throughout the next two years. Most of 2 GE 2011 ANNUAL
REPORT our appliance product manufacturing will move back from China and Mexico to the U.S. We think we can make more money and serve
our customers better. We also think this will make us a better manufacturing company in every corner of the world. But it is only possible because
our designers, factory workers, managers and marketers work together. GE is a "We Company." We are solving problems, tough problems. We are in
the seventh year of a clean energy business strategy called ecomagination. Clean energy goes in and out of focus for governments and consumers. But,
at GE, we are steadfast in our investing. In 2011, we had $21 billion of clean energy revenue, growing twice as fast as the Company average.
Ecomagination drives growth because we are solving problems for our customers. At coal mines, from Pennsylvania to Peru, our water solutions allow
customers to operate productively while achieving high environmental standards. We demonstrate every day that, through innovation, we can meet
societal needs and do it profitably. We deliver results. That is the ultimate output of a strong culture. Over the next few years, our performance will
accelerate. We aim to reward investors by
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31. General Electric Company ( Ge )
General Electric company (GE) is one of the world 's most admired, valuable, and largest companies in the world. GE is also one of the top five
oldest industries in the United States, at a 130 years. This great American company has been stayed in business because of the many great leaders who
have led the success for GE. Leader 's such as, Jack Welch and Jeff Immelt, have brought many changes at GE bringing the company into the 20th
century. Jack Welch and Jeff Immelt have been very successful at changing GE and making it a more highly profitable company, due to their leadership
styles and corporate culture. General Electric Company would not be here today, if it were not for one of America 's most brilliant minds was, American
inventor Thomas Edison. Thomas Edison was a leader that would revolutionize America future of electricity. In 1876, Thomas Edison opened up a
laboratory where had created many inventions we still use today. Inventions such as, the phonograph, incandescent light bulb and motion picture
camera. One of Thomas Edison most successful invention was in 1879, when he invented the incandescent light bulb. Little did Thomas Edison know
at the time, but his invention of the incandescent light bulb would create a whole new world of inventions in the field of electricity. In 1890, Thomas
Edison founded his company calling it the Edison General Electric Company. During that time, a major competitor was dominating the electrical
innovation field called the,
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32. General Electric Company : Ge Corp
General Electric Company GE Corp (General Electric Company GE, NYSE:GE), the world 's largest Multi–National Corporation to provide
technology and services. According to 2007 statistics, GE 's sales income is 172.738 billion, has the world 's second largest market assets of
company, and in sales revenue over the past four years has been first in the world.. GE is a more outstanding Multi–National Corporation in the
development of diversified companies. At present, the company has more than 100 countries in the world, with 315000 employees. Current chairman
and Chief Executive Officer (CEO) is Jeffrey R. Immelt. Scope of business GE Corp (GE) is the world 's largest diversified services company, but also
to provide high quality, high–tech industrial and consumer products. From aircraft engines, power generation equipment to financial services, from
medical imaging, television programs to plastics, GE is committed to creating a better life through a number of technologies and services. The
history of the GE Corp can be traced back to Edison Thomas, who founded the Edison Electric Light Company in 1878. .Hailed as a critical
corporate function during the late 1960s and 1970s, its effectiveness came under attack in the 1980s and 1990s.( Steiner 1969) In 1892, Edison GE
Corp and Houston Thomsen electric company merger, set up a GE Corp (GE). GE is the only company in the index chart since the Dow Jones
industrial index was established in 1896. Advantage 7 engine of
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33. The Jack Welch Era at General Electric
In the case, "The Jack Welch Era at General Electric", indicate that during the period of Jack Welch was a CEO at General Electric from 1981 to 2001,
the company became remarkable profit. Earnings per share rose from $.46 in 1981 to $1.07 in 2001. GE is a company which has a very long history,
and Jack Welch was the first working–class person that finally became the famous manager in GE history. He changed and built lots of rules to fulfill
his ambition to make the company more wealthy such as eliminated workers, changed GE's culture by promoting the notion of a "boundary less"
organization, used identical 20–70–20 percent curve to manage managers, and reshaped GE stocks. The story of the Welch years has the elements of
legend, however,... Show more content on Helpwriting.net ...
Such curve is really helpful in the beginning. Before Welch control the GE, there existed two bureaucracy problems. One was too many vice presidents
and too many staffs with authority to review and approve decisions. Other was that headquarters staff practiced a "superficial congeniality". After
starting the 20–70–10 curve, on the one hand it helped to cut the inefficiency manage layer staffs off, and also increase the enthusiasm of the staffs.
Besides, his generously rewarded managers who achieved performance goals that turned everyone in GE work harder and with high energy level. On
the other hand, this method succeeds in stopping the generation of bureaucracy. Employees in GE can confront their bosses to express frustration with
bureaucratic practices and suggest more efficient alternatives freely. Thousands of such sessions were held to drive out the bureaucratic mentality.
However, some found this system is heartless, because no one wants to be the bottom 10%. It also caused the high unemployment and no diversity at
the top. Welch disagreed with those who found the system heartless; he called it's a "false kindness" to feel heartless. Thus, during his tenure, profits
with the mental stress of staffs growth together. Since the process was repeated annually, and each times the bottom 10 percent had to go,
unemployment rate increased rapidly. Welch thought this process can lower the business costs, but it is wrong to see
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34. General Electric Case Analysis
Introduction
General Electric (GE) is one of the most successful companies in the world and a large diversified multinational conglomerate. GE is broken into 9
business sectors, Global and Growth Operations, GE Capital, Healthcare, Oil & Gas, Power & Water, Energy Management, Appliances & Lighting,
Aviation and Transportation. Once regarded as the most valuable company in the world in terms of market capitalization, GE's performance has
recently started to decline.
We recommend that GE divest underperforming units and focus on its core competencies and restructure themanagement team.
Background
GE is recognized as one of the oldest and most successful companies in history. "The key to its success had been to combine massive size with
constant adaptation. Over the decades, GE had adapted both its business portfolio and its management systems to the demands and opportunities of a
changing world" (Grant, 2016). GE was not only a big successful company but, for many other diversified companies, it was also a "model of
management" from its inception and through the 20th century. At the end of the 20th Century, GE had a legendary CEO, Jack Welch, who
transformed the company's portfolio from a manufacturing business to financial services. At the time of his retirement, GE Capital accounted for
nearly half of GE's revenue and the bulk of its assets (Grant, 2016).
Welch had been the heart of the most widespread and strategic disruption and transformation in GE's history. He
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35. General Electric, An American Company
Overview of the company
General electric is an American company which was founded in 1982. Thomas Edison, Charles Coffin, Elihu Thomson, Edwin Houston were the key
people of this organisation its headquarters are in Fairfield and Connecticut. It serves customers in more than 100 countries This Company basically
operates power, water, oil and gas, energy and aviation. In 2011 GE was the 26th largest company then in 2012 it become the 4th largest firm. But the
most proud moment of GE was when in 1932 the employee of GE was awarded two times with Nobel Prize
History of GE: –
In 1876 Thomas Alva Edison opened a laboratory in Menlo Park where he could investigate the potential outcomes of the dynamo and other electrical
gadgets that he had found in the Exposition. Then in 1890 Edison settled the Edison General Electric Company by uniting his different organizations.
During that time Thomson Houston Company become powerful electrical innovation company. But it becomes very difficult for each of two
companies to produce complete electrical installations on their own patents and technologies. In 1892 these both firms connected and they called the
General Electric Company.
Today industrial products, power transmission, and medical equipments are part of GE. The 1907 was the time when heating and cooking devices
were developed as well as the first GE Appliances electric fans manufactured at Ft. But in 1917 the United States government start search to develop
the first engine (called
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36. General Electric Company Presentation Essay
Purpose: After hearing this presentation. The prospective investor will have to proper knowledge and information to purchase stocks in the corporation.
* Thesis: General Electric is the world leader in research and development, manufacturing, and international cooperation.
Introduction
General Electric has been the cornerstone of innovation for over a century. Employing over 36,000 technologists around the world.
The manufacturing and development branch has played a huge part in creating imports and exports to spur the U.S. economy.
GE's corporation has branches in almost every continent to allocate ideas and build vital infrastructure to improve the standard of living throughout the
world. * Transition: All these functions of ... Show more content on Helpwriting.net ...
Values
GE's spirit reflects the values used to represent the companies solid foundation to lead change as business evolves
These values ask every GE employee to recommit to a common set of beliefs about the work in the world
Passion, curiosity, resourceful, accountable, teamwork, commitment, open and energizing
Always with unyielding curiosity
Transition: Wherever General Electric applies itself it succeeds while making the world a better place to live
Conclusion
GE is ranked by Forbes, Fortune 500, and many other companies as one of the most admired companies in
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37. General Electric Leadership Essay
ASSIGNMENT ON LEADERSHIP
Lecturer: Dr. Brian O'Reilly
Title: Compare and Contrast Two Leaders
Executive Summary
This paper would take leadership into account by comparing and contrasting two well–known leaders in General Electric (GE). The paper first
introduces two leaders with some brief biographies, characteristics and their contribution to the GE. It then looks at who would be the more effective
leader by providing with some aspects of leadership. It then comes up with some skills these people employed in their leadership to help GE growth
rapidly during 1990s till now. The next part will put a conclusion and some recommendations about leadership for potential leaders in the future.
Contents 1. Introduction4 2. Who is ... Show more content on Helpwriting.net ...
Welch was a very good hunter for opportunities and also a good manager of risks and threats while Immelt improved what Welch had. As a
successful story in business management, application of Six Sigma program in GE was spread over the world as one of the most valuable lessons
among businesses in the world relating to quality control. (see Appendix B, Story 1)
Above all, Welch was a ruthless taskmaster at GE. Immelt works with long term perspective rather with a short term one. Immelt proved that he is a
very effective leader by helping GE overcome the hardship in 2001 when terrorist attacks on September 11 were a harbinger of bad times to come for
GE. (see Appendix B, Story 2)
It's really difficult to say this leader is better than another one. To compare and contrast them, in the range of this paper, in terms of leadership, we
would just use leadership styles, traits of emotional intelligence that helped them become top leaders in the world.
2.1. Leadership styles
In the reign of Jack Welch during his 20–year at GE, a new leadership style was introduced and spread companywide. Welch developed a ranking
system that put employees in one of the three categories. The top 20 percent were "stars", the middle 70 percent were the crucial majority and the
bottom 10 percent were weeded out. Through his policy of differentiation, Welch was able to separate those who
39. Canadian General Electric Co. Limited (CGE)
Canadian General Electric Co. Limited (CGE) was incorporated in Canada in 1892 at the same time Edison Electric Light Company and
Thomson–Houston Electric Light Company merge into General Electric (GE) which continues to the present day as a major international
conglomerate. GE is investing in software and analytics, healthcare, energy, lighting and bio–energy systems, and advance manufacturing and
enterprise. With each investment, the company strategy to grow and enhance productivity and reduce environmental impact at a global scale becomes
apparent. At GE, research and development has been the cornerstone of innovation for over a century. GE has approximately 36,000 technicians that
are used to solve some of the world's toughest problems
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40. General Electric Case Study Essay
General Electric (GE)
Strategic Management
Case Study: General Electric (GE) Analysis using Porter's Approach
By: Johnny Cantrell
Part A:
General Electric, or GE as it is better known, is a diversified technology, media, and financial services company. Their primary objective as stated is
"focused on solving some of the world's toughest problems". Their slogan, which is "imagination at work", truly says everything there is to know
about the vision of the company. Inside GE they truly believe if you can imagine it, it is possible. While GE is one of the most diversified
companies in the world, they are primarily viewed as an industrial company as well as a financial services company. The company is listed on the...
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(2010, October 19). GE Introduces the J920 Engine, a New, Larger Engine With Pioneering Gas Engine Technology. Retrieved October 20, 2010 from
the World Wide Web: Retrieved October 19, 2010 from http://www.marketwatch.com/story
/ge–introduces–the–j920–engine–a–new–larger–engine–with–pioneering–gas–engine–technology–2010–10–19?reflink=MW_news_stmp
Downs, J., (2010, October 18). 300 'Green' Jobs Set for Louisville GE Plant. [Electronic version]. Louisville Courier Journal. Retrieved October 19,
2010 from http://www.courier–journal.com/article/20101018/BUSINESS/310180011/1008/news01/
General Electric Company: Our Company. (2010). Retrieved October 18, 2010, from http://www.ge.com/company/history/index.html
Malone, S., (2010, October 15). GE Posts Sales Slump, Rattles Recovery Hopes. ABCnews.com. Retrieved October 19, 2010 from http:/
/abcnews.go.com/Business
Noria Corporation Newsletter. (2010). Reliable Plant: GE Inaugurates New Wind Generator Manufacturing Facility. Retrieved October 19, 2010 from
42. General Electric Company : An American Multinational...
Overview
General Electric Company (GE), founded on April 15, 1892, as a result of the merger of American Inventor Thomas Alva Edison 's Edison General
Electric Company and Thomson–Houston Electric Company is an American Multinational Conglomerate. The diversified infrastructure and financial
services company produces products and services that consist of oil and gas production equipment, household appliances, power generation, medical
imaging, industrial products, business and consumer financing and aircraft engines. The Company operates in approximately 175 countries and about
300,000 employees around the globe. The company 's headquarters is located in Fairfield, Connecticut, USA. GE is able to run efficiently through the
following eight business markets of Power & Water, Oil & Gas, EnergyManagement, Aviation, Healthcare, Transportation, Appliances and Lighting,
and GE Capital (Reuters).
Corporate Profile: Management Style
As stated by New York Times, "the GE Way Isn't for everyone", this way that has been controversially spoken of was developed by John Welch, one of
the most prominent CEO's in the history of General Electric. Welch developed a breakthrough in business management that produced innovative
leadership strategies. The implementation of this strategy is the reason why GE became one of the most highly labor–efficient and highly productive
powerhouse's of the 21st Century. During Welch's 20 year reign as CEO, and later on as chairmen of GE, the
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