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GE's History of Innovation and Impact Around the World
- 1. We are GE Nordic Region
- 2. 2 / GE Nordic region / November 4, 2015 2 We are a high-tech infrastructure and services company with the benefit of a financial services engine. We are GE 2 We Are GE Feb 2011
- 3. 3 / GE Nordic region / November 4, 2015 3 GE Today – 2010 Revenue ~$150B Revenue $12.6B earnings $14.7B cash flow GE Energy Infra $37.5B GE Capital $47.0B Home & Business $25.5B Solutions, Media Energy Oil & Gas Power & Water Healthcare $16.9B Aviation $17.6B Transportation $3.4B
- 4. 4 / GE Nordic region / November 4, 2015 Our Strategy Be Global Connect locally, scale globally Drive Innovation Lead with technology and content innovation Build Relationships Grow customer and partner relationships worldwide Leverage Strengths Use GE’s size, expertise, financial capability, and brand
- 5. 5 / GE Nordic region / November 4, 2015 We invest in people and develop global leaders in a high-integrity environment. Our Culture We perform with excellence focused on organic growth, productivity, and risk management.
- 6. 6 / GE Nordic region / November 4, 2015 Global Trends … … Create Big Challenges Population Consumption Energy Security Environment
- 7. 7 / GE Nordic region / November 4, 2015 ..for a better planet ..for a healthier population
- 8. 8 / GE Nordic region / November 4, 2015 Nordic Region GE entered the Nordic market in 1963 6 500 employees Hans Enocson, National Executive for the Nordic Region, is based at the Nordic headquarters in Stockholm Re ve nue s 20 1 0 : Global 150 billion USD Nordic 2 billion USD + exports from Nordic of around 2.5 billion USD
- 9. 9 / GE Nordic region / November 4, 2015 Major Acquisitions: • Nordisk Re - 1988 • Pet Technology - 1988/92 • Finax, Sweden, Norway – 1993 • Vendax/Nordic/Bilfinans, Sweden – 1994 • Nevi Finans Denmark – 1994 • Programma Electric, Sweden – 2000 (Sold 2007) • Kværner Thermal and Hydro Power – 2001 • Stenvalvet, Sweden - 2001 • Accept Finans Denmark - 2002 • ABB Structured Finance – 2002 • Instrumentarium Finland – 2003 • Amersham – 2004 • Universal Pictures – 2004 • Biacore – 2006 • BTB Bank Latvia - 2006 • Vetco Gray – 2007 • PAS Technologies - 2008 • BREAS Medical – 2008 • Scanwind – 2009 • Dresser - 2010
- 10. 10 / GE Nordic region / November 4, 2015 Technology Infrastructure GE Technology Infrastructure is transforming the world. In healthcare, we help our partners diagnose, treat, and monitor disease earlier than ever. In the air and on the ground, we keep the world running smoothly with imaginative solutions that improve lives. Healthcare Transportation Aviation
- 11. 11 / GE Nordic region / November 4, 2015 Energy Infrastructure GE Energy Infrastructure provides a broad range of solutions that power the industry worldwide. From gas and steam turbines to drilling equipment and water- processing systems—our technologies work together to improve performance and reduce costs. Energy Services Oil & Gas Power & Water
- 12. 12 / GE Nordic region / November 4, 2015 Finance GE Capital offers an array of products and services that enable businesses to grow. We are a leading provider of credit services and financing options to consumers, retailers, aviation providers, and many commercial industries around the world. GE Money
- 13. 13 / GE Nordic region / November 4, 2015 Home & Business Solutions GE Home & Business solutions provides a broad range of products and services throughout the world, including appliances, lighting and automation solutions. Appliances Lighting Intelligent Platforms
- 14. Our history
- 15. 15 / GE Nordic region / November 4, 2015 GE – a global innovator since 1878 The history of GE begins in 1878 with founder Thomas Alva Edison. The first carbon filament light bulb was invented 1879. The General Electric Company was founded in 1892.
- 17. 17 / GE Nordic region / November 4, 2015 GE’s Dr. Ivan Giaever received the 1973 Nobel Prize for physics for his 1960 discovery of superconductive tunneling. GE scientist Irving Langmuir won the Nobel Prize 1932 for his pioneering research in the field of surface chemistry. Nobel Prize laureates
- 18. 18 / GE Nordic region / November 4, 2015 Global Research Began in Schenectady, New York in 1900 Founded with the focus to improve businesses through technology c. 1900 Today: One of the world’s most diverse industrial labs and the cornerstone of GE’s commitment to technology Niskayuna, New York Munich, Germany Bangalore, India Shanghai, China 2,800 research employees 26,000 GE technologists worldwide GE technology spend: ~$6B
- 19. 19 / GE Nordic region / November 4, 2015 Our Innovation From Thomas Edison’s first commercially viable light bulb to the first x-ray machines, we’ve continued to redefine what’s possible for the world. Our recent developments include: MAC 400 compact ECG Evolution Series locomotive Discovery CT750HD GEnx jet engine V-scan LEAP-X engine2.5 MW turbine
- 20. 20 / GE Nordic region / November 4, 2015 Innovative solutions to environmental challenges
- 21. 21 / GE Nordic region / November 4, 2015 Ecomagination certification environmental performance operating performance & “green is green”
- 22. 22 / GE Nordic region / November 4, 2015
- 23. 23 / GE Nordic region / November 4, 2015 TrueCourse™ Flight management system enables green arrivals Environmental Benefit Reduced emissions and less noise Operating Benefit Reduced fuel consumption SAS estimates that from a potential 36,000 TrueCourse™ descent yearly into Stockholm alone, annual benefits could reach $6 million in fuel savings.
- 25. 25 / GE Nordic region / November 4, 2015 Sustainable solutions
- 26. 26 / GE Nordic region / November 4, 2015 ..for a better planet ..for a healthier population
- 27. 27 / GE Nordic region / November 4, 2015 $6B investment to deploy innovative ideas and technology to sustain health lowering costs improving quality of care reaching more people in all parts of the world
- 28. 28 / GE Nordic region / November 4, 2015 Cost savings Access improvement Quality improvement 1) Greater efficiency •Asset optimization •Maximize throughput •Reduce diagnosis & treatment variance 2) Therapy decision- support 3) Managing chronic diseases 1) Maternal & infant care 2) Water & sanitation 3) Screening for life- threatening conditions 4) Technology to extend reach (remote access and portability) 1) Reducing medical errors 2) Improving diagnostic capability 3) Remote medicine/ monitoring 4) Early disease detection 3rd party validatio n by O xfo rd Analytica 15% 15% 15%
- 29. 29 / GE Nordic region / November 4, 2015 Olympic Games • Lighting fixtures and systems • Equipment and transportation management • Healthcare: MRI and ultrasound equipment • Security equipment and systems As a Worldwide Olympic Partner, GE is the exclusive provider of a wide range of innovative products and services that are integral to staging a successful event. • Rail transportation systems • Aircraft engines • Water treatment facilities and services • Energy generation and distribution systems
- 30. 30 / GE Nordic region / November 4, 2015 As an Elite Partner of the British Triahtlon Federation, our sponsorship will provide support and expertise to the British Triathlon teams as they prepare and compete at the highest levels in the run up to the London 2012 Olympic Games.
- 32. 32 / GE Nordic region / November 4, 2015 What is Corporate Citizenship? Shapes the values underpinning a company’s mission and the choices made each day by its executives, managers and employees as they engage with society. Four core principles Minimize harm Maximize benefit Be accountable and responsive to stakeholders Support strong financial results
- 33. 33 / GE Nordic region / November 4, 2015 The “Spirit” The “Letter” EthicsEthics • Doing the “Right Thing” • Values • Beliefs • Learning • Choices ComplianceCompliance • Doing “Things Right” • Rules • Knowledge • Training • Discipline The Spirit & The Letter The foundation of a world-class compliance culture
- 34. 34 / GE Nordic region / November 4, 2015 The Spirit & The Letter Policies √ Improper Payments √ Supplier Relationships √ International Trade Controls √ Money Laundering Prevention √ Privacy √ Working with Governments √ Complying with Competition Laws √ Fair Employment Practices √ Environment, Health & Safety √ Security & Crisis Management √ Intellectual Property √ Controllership √ Conflicts of Interest √ Insider Trading & Stock Tipping
- 35. 35 / GE Nordic region / November 4, 2015 GE Citizenship Focus Areas GE’s commitment of resources – technology, process & people – to solve some of the world’s toughest problems, making a difference for the world’s vulnerable populations Improve standards and achievement for primary & secondary education Education Improve health- care delivery in targeted developing world communities Health Improve access to safe drinking water for rural and peri- urban groups Environment Provide humanitarian relief support in times of extreme crisis and urgent human need Disaster Relief Stakeholder Engagement / Reporting Capacity Building and Volunteerism
- 36. 36 / GE Nordic region / November 4, 2015 A leader in Citizenship US Chamber of Commerce Finalist, International Community Service, 2009 Maplecroft/Bloomberg Climate Innovation Index Ranked 1st Worldwide, 2010 Corporate Knights (Canada) World’s Most Sustainable Company, 2010 CERES Best Sustainability Report, 2009 Covalence Global Ethical Rankings Top in Sector, 2009 Ethisphere World’s Most Ethical Company (Diversified Industries), 2010 Calvert Top 10 holding in Value Fund Innovest Highest AAA rating, 2010 KLD Global Climate 100 Index Select Social Index, 2010 Dow Jones Sustainability Index Top score in 2009 within the diversified industrials sector, including leaders in Corporate Governance, Codes of Conduct, Environmental Policy, Human Capital Development, Corporate Citizenship/Philanthropy and Social Reporting
- 37. Our brand
- 38. 38 / GE Nordic region / November 4, 2015 The GE monogram was created 1896
- 39. 39 / GE Nordic region / November 4, 2015 Our logo has changed little 1896 Today
- 40. 40 / GE Nordic region / November 4, 2015 Evolution of the Monogram 20041942 19921986 200 3 19341930 1969195019001890s Note: Timeline organized by official registration date and not the date it was first used.
- 41. 41 / GE Nordic region / November 4, 2015 GE is the fourth most valuable brand in the world. Source: Interbrand / Businessweek. Values stated in US$ billion.
- 42. 42 / GE Nordic region / November 4, 2015
- 43. Appendix
- 44. 44 / GE Nordic region / November 4, 2015 GE water technologies purify enough water to satisfy the daily needs of 39 million people around the world.
- 45. 45 / GE Nordic region / November 4, 2015 Every 2 seconds, a GE-powered aircraft takes off.
- 46. 46 / GE Nordic region / November 4, 2015 Each day, GE entertains and informs more than a hundred million people.
- 47. 47 / GE Nordic region / November 4, 2015 GE Healthcare technology helps doctors save nearly 3,000 lives each day.
- 48. 48 / GE Nordic region / November 4, 2015 GE power generation equipment creates a quarter of the world’s electricity every day.
- 49. 49 / GE Nordic region / November 4, 2015 GE Capital provide credit to help companies grow and people reach their dreams.
- 50. 50 / GE Nordic region / November 4, 2015 GE in Sweden ~ 2700 employees Stockholm Malmö Umeå Göteborg • • • • Uppsala • Helsingborg• GE Corporate: GE Corporate – NX office, Stockholm GE International – Employee & Financial Services, Stockholm Technology Infrastructure: GE HC Life Sciences, Uppsala, Umeå, Staffanstorp GE HC Systems, Stockholm GEMS PET, Uppsala BREAS Medical, Gothenburg GE Intelligent Platforms, Malmö GE Inspection Technologies, Kista GE Transportation Rail Global Sales, Stockholm Energy Infrastructure: GE Hitachi Nuclear Energy, Stockholm GE Energy Optimization & Control, Stockholm GE Water & Process Technologies, Gothenburg Dresser, Malmö GE Capital: GE Money Bank, Stockholm GE Capital - Stockholm GE Real Estate, Stockholm TIP Trailer, Helsingborg GECAS Aircraft Leasing – Stockholm NBC Universal: Universal Pictures Nordic, Stockholm Consumer & Industrial: GE Lighting, Stockholm Power Protection, Stockholm GE Appliances, Stockholm
- 51. 51 / GE Nordic region / November 4, 2015 GE in Norway ~ 2 200 employees Technology Infrastructure: GE Healthcare Medical Diagnostics - Oslo, Lindesnes, Kjeller GE Vingmed Ultrasound AS- Horten, Oslo, Bergen, Trondheim GE Healthcare Technologies Norway- Oslo GE Healthcare Clinical Systems - Oslo Datex Ohmeda AS – Oslo Energy Infrastructure: GE Aero Energy - Oslo GE Energy Oil & Gas - Oslo GE Energy Services-Bently Nevada -Bergen GE Energy Services Norway, Ågotnes VetcoGray, Asker, Stavanger, Bergen, Stjørdal GE Capital: GE Money Bank - Stavanger/Oslo GE Capital Solutions - Oslo GE Transportation Finance - Oslo GE Commercial Distribution Finance - Oslo GE Equipment Services-Tip Trailer Services, Vestby NBC Universal: Universal Pictures, Oslo Consumer& Industrial: GE Consumer & Industrial Lighting, Oslo
- 52. 52 / GE Nordic region / November 4, 2015 GE in Finland ~ 750 employees Technology Infrastructure: GE Healthcare, Helsinki GE Healthcare IT, Helsinki, Kuopio GE Healthcare Life Scinces, Helsinki GE Healthcare IMANET, Turku GE Medical Systems, Helsinki GE Healthcare Bio-Sciences, Helsinki GE Security, Helsinki GE Capital: GE Capital, Helsinki TIP Trailer Services, Helsinki GE Distribution Finance, Helsinki NBC Universal: Universal Pictures, Helsinki Consumer & Industrial: GE Lighting, Helsinki Power Protection, Helsinki Helsinki Turku• • • Tampere
- 53. 53 / GE Nordic region / November 4, 2015 GE in Denmark ~ 430 employees Technology Infrastructure: GE Healthcare Medical Systems, Brøndby GE Healthcare Life Sciences, Hillerød GE Healthcare Clinical Systems, Brøndby GE Power Controls, Tilst Energy Infrastructure: GE Jenbacher, Thorsø GE Wind, Sundby GE Water, Copenhagen PAS Technologies GE Capital: GE Money Bank, Brøndby GE Capital, Brøndby Consumer& Industrial: GE Lighting, Brøndby Copenhagen Odense Esbjerg Århus • •• • • Brøndby • Hillerød
- 54. 54 / GE Nordic region / November 4, 2015 GE in Latvia ~ 580 employees GE Capital: GE Money Bank
Editor's Notes
- To bring these big ideas to life requires, not only a strong culture, but also a clear strategy. Our strategy has 4 points: We need to “Be Global”, maintaining a strong local presence around the world. “Drive Innovation” is our focus on R&D and leadership in technology and content. We need to continually “Build Relationships” with customers and partners around the world (because we can’t always go it alone). And lastly, we need to “Leverage Strengths”, which means using everything we are—our size, expertise, financial capability, as well as our brand.
- And what makes us one company is our commitment to a shared culture and practices. It’s about our people—developing leaders and holding to high standards of integrity. We are a culture of management and learning, fostering both meritocracy and teamwork. For example: [highlight one or two of these factoids] We have a $1 billion training budget that provides $30K for each entry-level hire in year one. And over the course of 15 years, our 189 most-senior executives spent at least 12 months in training and professional development. This culture results in a retention rate of greater than 95%. And it’s about our performance—delivering excellence in growth, productivity, and risk management.
- .
- HC 4500 employees in Nordic Region Life Sciences in Uppsala, global headquarters Breas Medical, aquired 2008, home care ventilation and sleeping theraphy GE Intelligent Platforms, Sensing & Inspection, Inspection Technologies sensors for airpressure and humidity TIP Trailer, transportation and logistics.
- GE Oil & Gas in Norway, around 700 employees, Center of excellence Vetco Gray, on and offshore drilling. GE Jenbacher i Danmark Skive – world’s largest biogas site. GE Energy Wind. GE Hitachi Nuclear EnergyGE Energy Optimization and Control Services GE Water & Process Technologies
- GE Money BankCapital SolutionsReal EstateAviation Financial Services (GECAS)
- GE LightingPower ProtectionGE Appliances
- GE är det enda bolaget listat i det ursprungliga Dow Jones indexet från 1896 som fortfarande finns kvar idag. En GE aktie som hade köpts 1892 för $100 skulle idag vara värd över 5 miljoner dollar.
- GE continues to build on our tradition of innovation, with recent developments like the: Evolution Series locomotive—most technologically advanced, fuel-efficient and low-emissions technology available to-date World's first HD CT scanner (Discovery CT750HD) MAC 400 compact ECG —small enough to fit in a backpack and can operate up to one week on a single charge Hulu.com—the new way to watch TV GEnx jet engine—powering airplanes with more power and greater efficiency GE has a heritage of achieving firsts in industries that are vital to how we live and work today. 1879LIGHT BULB Edison invents the first carbon-filament incandescent lamp 1927HOME TELEVISION RECEPTION The first televised images were broadcast from GE’s WRGB station 1941AMERICA’S FIRST JET ENGINE GE changes the course of history with its advancements in jet-powered aviation 1960DISCOVERER XIII GE’s Discoverer XIII is the first man made object to be recovered from orbit 1972BREAKTHROUGH CT Capable of capturing detailed cross-sectional X-ray pictures of the human body in less than five seconds light 1992MARS OBSERVER NASA launches the Mars Observer, built by GE, into orbit 1998F414 JET ENGINE Powering Super Hornets off aircraft carriers, it’s the US Navy’s newest and most advanced jet engine 2002INNOVA GE introduces the first all-digital cardiovascular imaging system 2003WIND TURBINE Using only the power of the wind, these turbines are capable of producing 3.6 megawatts of electrical capability 2003H TURBINE The H Turbine is capable of providing enough power to light a million homes 2004LIGHTSPEED VCT A non-invasive imaging system that allows a comprehensive view of the heart and coronary arteries with sub-millimeter resolution in five seconds 2009 GENX JET ENGINE powering airplanes with more power and greater efficiency
- ecomagination som lanserades 2005 som en övergripande affärsstrategi som spänner över hela koncernen, för att möta klimatutmaningen och våra kunders krav på miljöanpassade produkter
- LOCAL NORDIC EXAMPLE An airline’s choice of engines is important to its ultimate performance — but its flight management system (FMS) can also make a dramatic difference. For Boeing 737 operators in Europe, a TrueCourse™ profile using GE’s FMS has helped airlines achieve lower fuel costs, reduced emissions and less noise. The FMS enables pilots to determine, while maintaining a highly efficient cruise altitude, the exact point where the throttle can be reduced to flight idle while allowing the aircraft to arrive precisely at the required runway approach point without the need for throttle increases. This optimization procedure, referred to as a continuous descent approach, lowers fuel burn. The groundbreaking effort was initiated at SAS Scandinavian Airlines, where the approach saved hundreds of pounds of fuel and reduced emissions throughout 2008. SAS estimates that from a potential 36,000 TrueCourse™ descents yearly into Stockholm alone, annual benefits could reach $6 million in fuel savings. “The TrueCourse™ available through GE’s advanced FMS enables us to operate much more efficiently considering today’s air traffic challenges and economic pressures,” said Niels-Eirik Nertun, Environmental Director, Scandinavian Airlines. “Through partnerships such as this, and with a leader in FMS technology and operations like GE, we were able to significantly reduce our operating costs.” Environmental Benefit A typical narrow-body plane utilizing GE’s Flight Management System TrueCourse™ 50 percent of the time would avoid the emission of over 280 metric tons of CO2 per year based on a representative study, equivalent to the annual CO2 emissions of over 50 cars on U.S. roads. Operating Benefit If a typical fleet of twenty-nine 737NG aircraft could fly GE’s Flight Management System TrueCourse™ 50 percent of the time, this would reduce annual fuel consumption by over 600,000 gallons based on a representative study, saving over $1.2 million per year at an average jet fuel price of $2.00/gallon.
- TV sändningar NBCU Belysning, ventilationssystem och energigeneratorer. • Luftreningssystem. • Transportstyrningssystem, gasturbiner, flygmotorer och lokomotiv. • Sjukvårdsutrustning, ultraljud och magnetkamera för läkarna på plats. • Metalldetektorer och röntgen för säkerhetskontroller. • Kylskåp, mikrovågsugnar, diskmaskiner, brödrostar, tvättmaskiner och torktumlare för livet i OS-byn. • System för vattenrening, service för vattentillgång, kokare, kyltorn och avloppssystem. Mobila byggnadsmoduler & trailers.
- CSR=Corporate Citizenship
- Every employee signs our integrity policy and participates in rigorous compliance training.
- AccountAbility — Top 15 Global Reporting CERES—top 25 for North America Reporting The Climate Group —#1 on the US Climate Brand Index Climate Counts—top in sector
- The GE symbol was developed by an engineer who was working on this fan, which by the way was hyper-modern in 1896. We needed a way to identify the fan as a GE product, so the engineer fashioned a logo out of wire, which ultimately became the primary identification for our company.
- The GE Monogram as we call it has become familiar to generations over the years, and it has become a symbol of innovation…
- Much like the evolution of GE’s taglines (11 over the past 92 years), the GE monogram has evolved since its origin in the 1890s. Today’s monogram continues the tradition of being contemporary. It proudly represents the foundational attributes of our brand – trusted, leader, dependable, contemporary – while looking to today’s aspirations – global, innovative, dynamic, approachable. The introduction of colour in 2004 reflects results from market research, judged as more contemporary and approachable than the black/white versions.
- Any Questions?