General Electric
Short-term and Long-term Objectives
GE is one of the biggest and most varied industrial companies in the world. GE is concerned in progressing, manufacturing, as well as marketing a wide array of products for the generation, broadcast, control, distribution, and utilization of electricity since its amalgamation in 1892. Over the years, GE has progressed or obtained new technologies and services that have broadened significantly the scope of its activities (Ashkenas, DeMonaco and Francis, 1998).
In the next calendar year, GE is dedicated to aim in the "next generation" of technology. They are favorably positioned to steer growth for the future by means of its technological superiority in each business by developing a global technological ability, ever-increasing new product growth, as well as spending in global research (Matthew, 2002).
However, GE's services sector has progressed from the customary measures of component substitution, repairing and renovating machines to a bigger and wider objective. The long-term new objective comprises, spending in GE business and technology to develop the functioning on the established base and the means employed to service it. Because of superior technology, GE has the capability to go farther than servicing to reengineering the established base. They are also in pursuit of digitization, which will quickly transform GE's transactions with its partners, vendors, and, especially, its customers. GE is committed to achieving international leadership in each of its businesses (Matthew, 2002).
Actions considered necessary to accomplish the objectives
To achieve these objectives...
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