General Electric
Jack Watson
In 1878 Thomas Edison founded the Edison Electric Light Company which through mergers and acquisitions became General Electric (GE). The 19th and 20th centuries watched Edison's company grow into a massive multi-national company with branches reaching into a vast number of businesses. In the years since its formation GE has become a global leader in a number of fields beyond the power generation functions that Edison had pioneered. Industries as varied as aircraft engines and financial services have both become staples of income for the multi-faceted organization. With all of the success that GE has enjoyed it appears that the company is destined for a bright future and yet, there are significant issues that must be understood and managed for GE to be a bright star throughout the next two centuries.
GE's Industry
Attempting to place GE into a specific industry category is a difficult proposition that will most likely prove unsuccessful. GE is like many other mega-conglomerates that seem to engage in the most diverse industries. Ultimately, the focus of the company is not restricted to any one particular business but instead is aimed at developing products and services that improve the overall quality of life. Pearce and Robinson explain that GE is dedicated
"To carry on a diversified, growing, and profitable worldwide manufacturing business in electrical apparatus, appliances, and supplies, and in related materials, products, systems, and services for industry, commerce, agriculture, government, the community, and the home." (1994, p. 109)
From technology to media and financial services, GE has left its mark on industries that include medical imaging, plastics and television programming.
GE has operations around the globe in more than 100 countries. These operations are managed and staffed by more than 300,000 employees who range from scientists to doctors to janitors.
"General Electric Company (GE) conducts its businesses through 11 segments: Advanced Materials ... Healthcare, Infrastructure, Insurance ... Its products include major appliances, lighting products, industrial automation products ... locomotives ... chemicals and engineered materials." ("General...
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,
General Electric Constant transformation has turn out to be a way of life for corporations and their employees in today's fast-paced, competitive business world. All through the preceding few years, numerous companies have experienced noteworthy transformations such as getting rid of layers of administration, reorganizing procedures, authorizing numerous employees and downsizing others, shaping independent work teams, etc. In times like these, corporations clearly need effectual leadership at all levels, but particularly
General Electric Company (GE) is a multinational company that operates in more than 116 countries in North America, Europe, and Asia. The company specializes in the production of diversified industrial products, and is organized along 11 businesses such as Energy, Transportation, Infrastructure, Commercial and Consumer Finance, Equipment Service, etc. Over the years, GE has recorded financial success. In 2011, Fortune ranks General Electric as the 7th largest company globally, 13th
General Electric Company case -- There are five central themes that were identified that would support GE in order to persevere and establish a long-term franchise. These themes included: to build strong businesses; put investment in services, innovation, and globalization; to focus on areas of potential opportunity; to drive competitiveness through cutting costs; and be remaining committed to people. There are three key issues associated with concerns regarding GE's strategies for
General Electric and Philips health care have persistently provided forward thinking technology that have paved the way to a safe and high quality of care to patients. They possess solid foundation and have become experts in the field of health care technology such as medical imaging, information technology, and patient monitoring systems. Both organizations focus on sustainability of health care systems and quality delivery of care to patients. In addition,
General Electric: Analysis of Strategy Implementations and Potential Issues There are many parts of GE's strategic plan that are interlocked, and thus face some of the same implementation issues. For example, GE's strategy of diversification is essentially interlocked with its objectives of expansion. Through diversification, GE can continue a growth strategy that includes both operational and geographic expansion. As such, the strategic plan to diversify and expand is interlocking dependencies. However,
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now