Our Revenues have grown 20% per year – hitting 17 Billion Dollars in 2008. And we are driving to $25B in 2010. And we are focusing our new Innovation in the areas of: Carbon Energy Efficiency, and Water
And for Tomorrow – we are Investing in break-thru technologies, such as: Membrane based carbon capture Thin film photo-voltaics, and Battery technologies to enable electrification of transportation
These metrics not only force our execution, but they are profoundly inter-related. The more we invest to develop new technologies, The more those platforms benefit our customers, thereby growing our revenues and profits @ the same time. In addition, we use our own technology to reduce our own footprint. And the associated cost savings helps to sustain the cycle of investment.
Your Excellencies, ladies and gentlemen, in this keynote session, I’d like to share with you how GE has embraced the challenges we’ve heard from many speakers - and how we have developed an environment focused, profitable, business strategy. This strategy - called ecomagination is transforming the very essence of GE – a 130-year old company, the only company in the DJIA today that was in the original Index in 1896. And why have we been so successful for so long? Because we are a global infrastructure, finance and media company that constantly reinvents itself around opportunity. We take on the world’s toughest challenges and use our culture of innovation to create solutions the world needs most. And, we have a lot of innovation to offer – right now . Innovation you don’t have to wait for.
This is why we created ecomagination A profitable business strategy providing leading environmental solutions. In order to give this some edge, we bound it with hard metrics: To Grow our Revenues and R&D investments To reduce our own operating footprint And, to Report on our progress Publicly
General electric company 2
General Electric Company Today’s Challenge,Tomorrow’s Markets
DiscussionsHISTORYLEADERSHIPSINNOVATIONSPRODUCTS AND SERVICESSTRATEGIESECOIMAGINATION
Founder of General Electric: Thomas Alva Edison1876: Creation of the first industrial researchlaboratory in Menlo Park, New Jersey1878: Foundation of the Edison ElectricLight Company1879: Invention of the first electric light bulb
•CEO: Jeffrey R. Immelt •EXECUTIVE LEADERS : FerdinandBacilli, Charlene Begley, Kathryn Cassidy, Beth Comstock, Pamela Daley •BOARD OF DIRECTORS : JamesMulvane, Claudio Gonzalez, Robert Jane, AndreaJung, Susanne Hockfeild, Sam Nunn, Alan Lafley, Ann Fudge, Ralph Larsen, William Castell, Roger Panske.
Innovative technologies…tomorrow Hybrid evo Wind $1.5B by 2010 doubling our 2005 investment Solar OLEDs Advanced Desalination Carbon Capture GEnx Zero Liquid Energy Storage Discharge Turbine Efficiency
Products and services Appliances Consumer products Aviation Electrical distribution Energy Oil and gas Rail Water Software and services
Business UnitBusiness Unit Strategic intent Strategic intentInfrastructure Continue global dominance Leverage knowledge and Marketing GE Money capabilitiesHealth Care Growing needs = high returns NBC Capitalize on easy PR exposure Development of high quality, Industrial demanded goods Financial Expert diversification leader $
“Core Competency Maximization “Core Competency Maximization = Sustained Competitive Advantage“ = Sustained Competitive Advantage“•• Capitalizeon opportunities Capitalize on opportunities •• Monitor environment Monitor environment•• Careerleadership Career leadership •• Quality programs Quality programs•• Maximizeproductivity Maximize productivity •• Financial expertise Financial expertise•• R& D R &D •• Focus on future Focus on future•• Technology Technology •• Communications Communications
A sustainable businessstrategy INVEST Profit GROW $1.5B in R&D Technology Revenue to $25B GEnx jet PV solar Use 20% more fuel Iberinco – engine panels efficient 10MW carbon- free electricity Caceres, Save REDUCE Spain GHG/H2O Impact lower emissions solar at GE HQ from jet test rig
Global Roundtable On Climate Change Steve Fludder February 27, 2009
1. Grow revenues to $25B by 20102. Double R&D to $1.5B3. Reduce GHG 1% absolute by 20124. Reduce water 20% absolute5. Inform & Engage public… ongoing Transparency
We Can Meet the ChallengeImagine healthcare as a ‘continuous’ process supporting early healthImagine consumers and clinicians always being ‘connected’ and able to access the clinical record and workflow applicationsImagine devices that improve your clinical workflow and seamlessly integrated into your personal devices to support technology convergence and evolution