Unit 7 Case Study General Electric
.docx
keyboard_arrow_up
School
Park University *
*We aren’t endorsed by this school
Course
522
Subject
Business
Date
Apr 3, 2024
Type
docx
Pages
6
Uploaded by Orca1975
Nakisha Owens
Park University
MBA 522: Organizational Behavior and Leadership
Unit 7 - Case Study 15.1: General Electric (GE)
Dr. Greg Moore
General Electric (GE) is a prominent global corporation with an extensive and distinguished past spanning more than a century. Founded by Thomas Edison, GE has transformed from its initial focus on electricity to become a worldwide leader in various industries like aviation, healthcare, renewable energy, and digital technologies. GE's legacy is defined by pioneering technologies and significant contributions to various industries and society. The company continues to influence innovation by striving for quality and promoting advancement on a global scale.
Transformations
General Electric (GE) has experienced substantial changes over the last twenty years leading up to 2019 to adjust to shifting market conditions. One notable transformation was its shift from being primarily an industrial conglomerate to focusing more on its core businesses: industrial businesses and technology (Neck et al., 2019, pg. 460).
This entailed selling off certain non-essential businesses, including its media and financial services branches, in order to simplify operations and improve its competitive position. The corporation has increased its expenditure in research and development twofold to keep up with the pace with the rapid advancement of technology. Being an older established corporation, GE might easily become entrenched in its traditional practices and fail to keep up with the evolving trends. In the end, this
may lead to GE being overtaken and replaced by new companies that are eager to invest in the future. Another transformation at GE is the aim to become a worldwide corporation. GE has always been open to exploring opportunities in any industry or with any company. GE's portfolio
extends across several industries and more than 170 nations, starting from the invention of the light bulb by Thomas Edison. Since the early 2000s, GE has bolstered its financial services
division by acquiring Transamerica Finance Corporation's commercial lending business and expanding into the healthcare sector through the acquisitions of Instrumentarium Corp and Amersham plc. GE acquired Vivendi Universal Entertainment (VUE), the U.S. unit of the French conglomerate Vivendi Universal SA, in its biggest acquisition to date (Strategy, 2022).
External Forces
An external force is a factor beyond a company's control that affects its operations, strategy, or performance. These forces encompass economic conditions, technology improvements, regulatory changes, competitive challenges, and sociological tendencies (Neck et al., 2019). GE has encountered substantial obstacles in the past several years, including financial troubles and the requirement for strategic reorganization. GE faced a threat from the 2008 recession in the U.S. The corporation's financial division was close to failing, posing a threat to the entire company (Montevirgen, 2024). Warren Buffet invested $3 billion in the company to ensure its financial stability. After a near-collapse, GE restructured GE Capital and refocused on its industrial origins. In the subsequent years, the corporation underwent reorganization and acquisitions across many areas such as healthcare, energy, aviation, and finance to streamline its operations (Strategy, 2022).
The business's decision to sell off certain companies and concentrate on its key strengths demonstrates a strategy change aimed at improving its long-term profitability. Successfully implementing these strategic efforts, along with continuous innovation and adjustment to industry trends, will be crucial in shaping GE's future profitability (Hivelr, 2023).
General Electric - an open case
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
Complete the following case study analysis
Driving Innovation and Growth at Starbucks: From Howard Schultz to Kevin Johnson
Your Goal: Analyze the actions and decisions of the stakeholders in the case to identify traits of effective entrepreneurs. Then, examine the entrepreneurship approach the company has taken and suggest approaches, mindsets, and practices that the company could implement to improve its strategy.
Identify the frameworks, tools, and resources that will help you gain a thorough understanding of the current state of the company and the challenges they face.
Step 3: Synthesize your findings and propose solutions in a report. Your report should include the following:
The main points of the case: Briefly summarize the case you chose to analyze.
A summary of your analysis with evidence: Include the results of any analysis you conducted, including external analysis, internal analysis, PEST and SWOT analyses, etc. Summarize strengths, weaknesses, and threats for the…
arrow_forward
How did Wells Fargo’s focus on short-term gains violate the duties they owed to consumers, regulators, and employees?
Describe how the Wells Fargo scandal demonstrates that organizational leaders must not only establish goals but ensure that those goals are being acted upon appropriately.
Why are ethical values useless unless they are continually reinforced within the company?
arrow_forward
https://www.sweetstudy.com/files/monsanto-agrowingcontroversy-pdf
Please read full case study with link above and answer the following questions throughly:
NOW, please place yourself in the role of a specific Monsanto Stakeholder (e.g., you are a stockholder, OR you are a customer, OR you are an employee).
Consider all that you have read related to stakeholders coupled with Monsanto's Attempts to balance stakeholder interests.
Identify at least one of the following issues related to Monsanto's commercial focus:
Please write a length answer for question!
1. FOOD
As a stakeholder, discuss your view of Monsanto's influence on the future of food. You may comment on the anti-trust issues, or you may discuss the potential of a sterile seed, or you may discuss weed/bug resistance. Take a position (playing the role of a stakeholder) and post your concern. Be specific so that your posting reflects your understanding of the issues.
2. HEALTH
As a stakeholder, discuss your view of…
arrow_forward
https://www.sweetstudy.com/files/monsanto-agrowingcontroversy-pdf
Please read full case study with link above and answer the following questions throughly:
NOW, please place yourself in the role of a specific Monsanto Stakeholder (e.g., you are a stockholder, OR you are a customer, OR you are an employee).
Consider all that you have read related to stakeholders coupled with Monsanto's Attempts to balance stakeholder interests.
Identify at least one of the following issues related to Monsanto's commercial focus:
1. FOOD
As a stakeholder, discuss your view of Monsanto's influence on the future of food. You may comment on the anti-trust issues, or you may discuss the potential of a sterile seed, or you may discuss weed/bug resistance. Take a position (playing the role of a stakeholder) and post your concern. Be specific so that your posting reflects your understanding of the issues.
2. HEALTH
As a stakeholder, discuss your view of Monsanto's influence on the future of health.…
arrow_forward
Briefly summarize your analysis and defend your position.
Your Goal: Identify factors that are risks to the company’s success and growth opportunities in the external environment. Propose strategies to address major challenges and benefit from opportunities.
Step 1: Choose one of these cases at the end of your online textbook to analyze:
CrossFit at the Crossroads
An Examination of the Long-Term Healthcare Industry in the USA
Driving Innovation and Growth at Starbucks: From Howard Schultz to Kevin Johnson
Sturm, Ruger and Co., and the U.S. Firearms Industry
The Rise and Fall of ZO Rooms
Step 2: Analyze the case.
Identify the frameworks, tools, and resources that will help you gain a thorough understanding of the current state of the company and the challenges they face.
Step 3: Synthesize your findings and propose solutions in a report. Your report should include the following:
The main points of the case: Briefly summarize the case you chose to analyze.
A summary of your analysis…
arrow_forward
In this discussion, you will select a company of your choosing and analyze its mission, vision, and values statements to gain insight into the organization's overarching purpose and goals with its stakeholders.
First, select one company from the list below and examine its mission, vision, or value statements as published directly on the company's website.
Starbucks Mission and Values Statements
Toyota Mission and Vision Statements
Facebook Mission and Core Values Statements
Prudential Insurance Mission, Vision, and Core Values Statements
Microsoft Mission Statement and Values
In your initial post, address the following:
Briefly summarize the company's mission, vision, or values statements. In your own words, what do you think is the overarching purpose behind these statements?
What are some specific ways a company could communicate its mission, vision, or values to both internal and external stakeholders? Explain and give examples.
How do you think the role of the mission and vision…
arrow_forward
Move over 'tech bros': Women entrepreneurs join Africa's fintech boomWhen financial analyst Oluwatosin Olaseinde moved back home to Nigeria in 2013 after a decade studying and workingabroad, she decided it was time to tackle her own finances, so started reading up on stocks and mutual funds.Shocked at how little guidance was available for young professionals like herself, Olaseinde began sharing her learnings infun, bite-sized tutorials on Instagram, and much to her surprise, her posts went viral."I had no idea my page would just blow up," said the 34-year-old by phone from Nigeria's commercial capital, Lagos."Just like me, there were young people who wanted to know how to manage their finances, but needed information in aneasy-to-understand way."Almost four years on, Olaseinde heads MoneyAfrica, an online financial literacy portal providing courses from budgetingand currency risk to inflation and treasury bills, and more recently also founded Ladda, an app-based one-stop…
arrow_forward
Fujio Mitarai, Chairman and CEO of Canon has turned around Canon’s fortunes and multiplied its net profit since becoming chairman and CEO at this global camera, printer and photostat machine maker. Mitarai has made many changes in Canon that reflects his conscientiousness and openness to experience. To revitalise Canon he needed to take bold steps by shutting down weak businesses and divisions and pushing employees to find ways to cut costs and for rewarding employees for increasing sales and profitability. His openness to experience has served him well all his life. As a child who only knew the Japanese language and culture, he longed to go overseas. After a few years in Canon Japan, he transferred to Canon New York where he served for 23 years, building the camera and copier business for canon in USA. Mitarai’s openness to both the Japanese and the American ways of managing has led him to be role model for other executives and he has been named one of Business Week’s “Best Managers”.…
arrow_forward
Fujio Mitarai, Chairman and CEO of Canon has turned around Canon’s fortunes and multiplied its net profit since becoming chairman and CEO at this global camera, printer and photostat machine maker. Mitarai has made many changes in Canon that reflects his conscientiousness and openness to experience. To revitalise Canon he needed to take bold steps by shutting down weak businesses and divisions and pushing employees to find ways to cut costs and for rewarding employees for increasing sales and profitability. His openness to experience has served him well all his life. As a child who only knew the Japanese language and culture, he longed to go overseas. After a few years in Canon Japan, he transferred to Canon New York where he served for 23 years, building the camera and copier business for canon in USA. Mitarai’s openness to both the Japanese and the American ways of managing has led him to be role model for other executives and he has been named one of Business Week’s “Best Managers”.…
arrow_forward
Fujio Mitarai, Chairman and CEO of Canon has turned around Canon’s fortunes and multiplied its net profit since becoming chairman and CEO at this global camera, printer and photostat machine maker. Mitarai has made many changes in Canon that reflects his conscientiousness and openness to experience. To revitalise Canon he needed to take bold steps by shutting down weak businesses and divisions and pushing employees to find ways to cut costs and for rewarding employees for increasing sales and profitability. His openness to experience has served him well all his life. As a child who only knew the Japanese language and culture, he longed to go overseas. After a few years in Canon Japan, he transferred to Canon New York where he served for 23 years, building the camera and copier business for canon in USA. Mitarai’s openness to both the Japanese and the American ways of managing has led him to be role model for other executives and he has been named one of Business Week’s “Best Managers”.…
arrow_forward
The devastating impact of COVID-19 has forced companies to make the tough decision to either shut down their operations or pivot to a new business strategy. Given the current situation, what other ways companies can operate?
arrow_forward
Who is the CEO apple company?
arrow_forward
The teachings of Confucius have little relevance in today's business climate.
True/False
Explain in detail
arrow_forward
Critical Thinking and Discussion QuestionsYou are a manager of an electronics and electric company. Your company produces and sell TV, Fridge, Washing Machine, Air Conditioners, etc. electronics and electric product in the international market (Local and Foreign Market). This electronics and electric business involve several risks with their severity and frequency.You are to consider those risk severity and frequency in business planning, operations and strategies. You have been passing a critical period due to COVID-19 pandemic. You, as a manager, are asked develop a risk management matrixcovering risk severity and frequency.You may consider the possible risks, their frequency and severity and possible strategic planning.
c. Establish a Risk Management Matrix with Risk Management Technique to control or reduce or manage those risk and keep successful and profitable business operation.
arrow_forward
Critical Thinking and Discussion QuestionsYou are a manager of an electronics and electric company. Your company produces and sell TV, Fridge, Washing Machine, Air Conditioners, etc. electronics and electric product in the international market (Local and Foreign Market). This electronics and electric business involve several risks with their severity and frequency.You are to consider those risk severity and frequency in business planning, operations and strategies. You have been passing a critical period due to COVID-19 pandemic. You, as a manager, are asked develop a risk management matrixcovering risk severity and frequency.You may consider the possible risks, their frequency and severity and possible strategic planning.
a. What is Risk? What is Enterprise Risk Management?
b. What is the risk profile of electronics and electric business? i. Risk Severity (low to high) of electronics and electric business.ii. Risk occurrence frequency (low to high) of electronics and…
arrow_forward
Recent corporate governance reforms in various countries urge (and often require) firms to add more outside directors to their boards and separate the jobs of board chairman and CEO. Yet, academic research has not been able to conclusively support the merits of both practices. Why?
arrow_forward
https://multimedia.3m.com/mws/media/1691941O/2019-sustainability-report.pdf
1. Consider all the different stakeholder engagement techniques and strategies that the company is employing. Critically evaluate the usefulness of these techniques and strategies.
2. What is your personal view of the company’s success in discharging accountability to society and behaving as a socially responsible company?
arrow_forward
What’s the differences and similarities between account manager, custom success manager and environmental economist?
arrow_forward
What defines a good corporate culture ? Describe the link (3 perspectives) between corporate culture and improved economic performance?
arrow_forward
Why do demographic shifts and technological developments create both challenges and new opportunities for business?
Can managers in business firms control the elements in the external environment, or do they simply have to react to changes that are beyond their control? Give examples that support your conclusion.
Describe in general terms how each element of the external environment (economic, technological, socio-cultural, political-legal, global, and business) affects business firms.
arrow_forward
Inspiring as globalization and information technology are, they also pose dangers to the economies and businesses that have come to depend on them. In light of this new context, how would you describe two of the issues it has brought?
arrow_forward
What does the Volkswagen (VW) emissions scandal say about sustainability? How can we apply the Triple Bottom Line theory to this case? How would Milton Friedman (shareholder theory) perceive this case?
arrow_forward
when considering the business environment, briefy define and outline the importance the following:
Relevance to Market Trends:
Competitive Analysis:
Regulatory Compliance:
Economic Factors:
Cultural Sensitivity:
arrow_forward
(5)
Please help me answer this one. Please refer to the subsequent picture for your guide and notes in answering the given questions. Read the directions and instructions very carefully.
arrow_forward
Come up with a few problems that you'll be looking to solve for the case study. What are some questions that may arise that you should try to do research for and solve?
(Creative research writing)
arrow_forward
FAMOUS ENTREPRENEUR: BILL GATES
Questions:
1. Give a short background about the entrepreneur and why he is worthy of emulation.
2. What makes him/her a Social Entrepreneur?
arrow_forward
Please do not give solution in image formate thanku
What changes would you like to see continue t is very common for business to run into issues they did not anticipate - This past year we have seen this happen to all business because of the pandemic. For this discussion find a video or article to share with the class on how restaurants have changed due to covid. Your discussion question is: What changes would you like to see continue when restaurants are allowed to operate as "normal". What changes will become a permanent part of our dining experience. when restaurants are allowed to operate as "normal".
arrow_forward
8
arrow_forward
How Coca-Cola deals with their assets and liabilities to increase market penetration?
How Coca-Cola is meeting shareholders’ expectations?
arrow_forward
Help me understand how Apple achieved business success through the use of information, information technology, and people.
arrow_forward
Explain the goal of shareholder wealth maximization, and whether this goal is a short-term goal or a long-term goal.
Identify the conflict between the goal of shareholder wealth maximization and other stakeholder concerns (sometimes referred to as environmental, social, and governance (ESG) concerns).
Cite one real-world example of a company that reflects other stakeholder concerns in its mission statement or stated corporate values.
Explain, for your chosen real-world example, how the company’s incorporation of stakeholder concerns could enhance (or detract from) the company’s shareholder wealth maximization goal.
Construct one question related to shareholder wealth maximization goals.
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Related Questions
- Complete the following case study analysis Driving Innovation and Growth at Starbucks: From Howard Schultz to Kevin Johnson Your Goal: Analyze the actions and decisions of the stakeholders in the case to identify traits of effective entrepreneurs. Then, examine the entrepreneurship approach the company has taken and suggest approaches, mindsets, and practices that the company could implement to improve its strategy. Identify the frameworks, tools, and resources that will help you gain a thorough understanding of the current state of the company and the challenges they face. Step 3: Synthesize your findings and propose solutions in a report. Your report should include the following: The main points of the case: Briefly summarize the case you chose to analyze. A summary of your analysis with evidence: Include the results of any analysis you conducted, including external analysis, internal analysis, PEST and SWOT analyses, etc. Summarize strengths, weaknesses, and threats for the…arrow_forwardHow did Wells Fargo’s focus on short-term gains violate the duties they owed to consumers, regulators, and employees? Describe how the Wells Fargo scandal demonstrates that organizational leaders must not only establish goals but ensure that those goals are being acted upon appropriately. Why are ethical values useless unless they are continually reinforced within the company?arrow_forwardhttps://www.sweetstudy.com/files/monsanto-agrowingcontroversy-pdf Please read full case study with link above and answer the following questions throughly: NOW, please place yourself in the role of a specific Monsanto Stakeholder (e.g., you are a stockholder, OR you are a customer, OR you are an employee). Consider all that you have read related to stakeholders coupled with Monsanto's Attempts to balance stakeholder interests. Identify at least one of the following issues related to Monsanto's commercial focus: Please write a length answer for question! 1. FOOD As a stakeholder, discuss your view of Monsanto's influence on the future of food. You may comment on the anti-trust issues, or you may discuss the potential of a sterile seed, or you may discuss weed/bug resistance. Take a position (playing the role of a stakeholder) and post your concern. Be specific so that your posting reflects your understanding of the issues. 2. HEALTH As a stakeholder, discuss your view of…arrow_forward
- https://www.sweetstudy.com/files/monsanto-agrowingcontroversy-pdf Please read full case study with link above and answer the following questions throughly: NOW, please place yourself in the role of a specific Monsanto Stakeholder (e.g., you are a stockholder, OR you are a customer, OR you are an employee). Consider all that you have read related to stakeholders coupled with Monsanto's Attempts to balance stakeholder interests. Identify at least one of the following issues related to Monsanto's commercial focus: 1. FOOD As a stakeholder, discuss your view of Monsanto's influence on the future of food. You may comment on the anti-trust issues, or you may discuss the potential of a sterile seed, or you may discuss weed/bug resistance. Take a position (playing the role of a stakeholder) and post your concern. Be specific so that your posting reflects your understanding of the issues. 2. HEALTH As a stakeholder, discuss your view of Monsanto's influence on the future of health.…arrow_forwardBriefly summarize your analysis and defend your position. Your Goal: Identify factors that are risks to the company’s success and growth opportunities in the external environment. Propose strategies to address major challenges and benefit from opportunities. Step 1: Choose one of these cases at the end of your online textbook to analyze: CrossFit at the Crossroads An Examination of the Long-Term Healthcare Industry in the USA Driving Innovation and Growth at Starbucks: From Howard Schultz to Kevin Johnson Sturm, Ruger and Co., and the U.S. Firearms Industry The Rise and Fall of ZO Rooms Step 2: Analyze the case. Identify the frameworks, tools, and resources that will help you gain a thorough understanding of the current state of the company and the challenges they face. Step 3: Synthesize your findings and propose solutions in a report. Your report should include the following: The main points of the case: Briefly summarize the case you chose to analyze. A summary of your analysis…arrow_forwardIn this discussion, you will select a company of your choosing and analyze its mission, vision, and values statements to gain insight into the organization's overarching purpose and goals with its stakeholders. First, select one company from the list below and examine its mission, vision, or value statements as published directly on the company's website. Starbucks Mission and Values Statements Toyota Mission and Vision Statements Facebook Mission and Core Values Statements Prudential Insurance Mission, Vision, and Core Values Statements Microsoft Mission Statement and Values In your initial post, address the following: Briefly summarize the company's mission, vision, or values statements. In your own words, what do you think is the overarching purpose behind these statements? What are some specific ways a company could communicate its mission, vision, or values to both internal and external stakeholders? Explain and give examples. How do you think the role of the mission and vision…arrow_forward
- Move over 'tech bros': Women entrepreneurs join Africa's fintech boomWhen financial analyst Oluwatosin Olaseinde moved back home to Nigeria in 2013 after a decade studying and workingabroad, she decided it was time to tackle her own finances, so started reading up on stocks and mutual funds.Shocked at how little guidance was available for young professionals like herself, Olaseinde began sharing her learnings infun, bite-sized tutorials on Instagram, and much to her surprise, her posts went viral."I had no idea my page would just blow up," said the 34-year-old by phone from Nigeria's commercial capital, Lagos."Just like me, there were young people who wanted to know how to manage their finances, but needed information in aneasy-to-understand way."Almost four years on, Olaseinde heads MoneyAfrica, an online financial literacy portal providing courses from budgetingand currency risk to inflation and treasury bills, and more recently also founded Ladda, an app-based one-stop…arrow_forwardFujio Mitarai, Chairman and CEO of Canon has turned around Canon’s fortunes and multiplied its net profit since becoming chairman and CEO at this global camera, printer and photostat machine maker. Mitarai has made many changes in Canon that reflects his conscientiousness and openness to experience. To revitalise Canon he needed to take bold steps by shutting down weak businesses and divisions and pushing employees to find ways to cut costs and for rewarding employees for increasing sales and profitability. His openness to experience has served him well all his life. As a child who only knew the Japanese language and culture, he longed to go overseas. After a few years in Canon Japan, he transferred to Canon New York where he served for 23 years, building the camera and copier business for canon in USA. Mitarai’s openness to both the Japanese and the American ways of managing has led him to be role model for other executives and he has been named one of Business Week’s “Best Managers”.…arrow_forwardFujio Mitarai, Chairman and CEO of Canon has turned around Canon’s fortunes and multiplied its net profit since becoming chairman and CEO at this global camera, printer and photostat machine maker. Mitarai has made many changes in Canon that reflects his conscientiousness and openness to experience. To revitalise Canon he needed to take bold steps by shutting down weak businesses and divisions and pushing employees to find ways to cut costs and for rewarding employees for increasing sales and profitability. His openness to experience has served him well all his life. As a child who only knew the Japanese language and culture, he longed to go overseas. After a few years in Canon Japan, he transferred to Canon New York where he served for 23 years, building the camera and copier business for canon in USA. Mitarai’s openness to both the Japanese and the American ways of managing has led him to be role model for other executives and he has been named one of Business Week’s “Best Managers”.…arrow_forward
- Fujio Mitarai, Chairman and CEO of Canon has turned around Canon’s fortunes and multiplied its net profit since becoming chairman and CEO at this global camera, printer and photostat machine maker. Mitarai has made many changes in Canon that reflects his conscientiousness and openness to experience. To revitalise Canon he needed to take bold steps by shutting down weak businesses and divisions and pushing employees to find ways to cut costs and for rewarding employees for increasing sales and profitability. His openness to experience has served him well all his life. As a child who only knew the Japanese language and culture, he longed to go overseas. After a few years in Canon Japan, he transferred to Canon New York where he served for 23 years, building the camera and copier business for canon in USA. Mitarai’s openness to both the Japanese and the American ways of managing has led him to be role model for other executives and he has been named one of Business Week’s “Best Managers”.…arrow_forwardThe devastating impact of COVID-19 has forced companies to make the tough decision to either shut down their operations or pivot to a new business strategy. Given the current situation, what other ways companies can operate?arrow_forwardWho is the CEO apple company?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning