GE's Mission, Vision, and Issues

Reorganization of his predecessor (Reg Jones) CEO of the year (3 times), CEO of the decade (1979)… Recession of US economy (1981): High interest and unemployment rate(s), strong currency Strong

Analyzing GE’s corporate-level strategy from 2001 – present with Jeff Immelt as CEO, GE focuses on the growth and development platforms. Technology is the key driving force for GE’s future and growth. Advancements in industries such as energy, health and aviation fueled demand for cleaner and more efficient energy production. GE identified new markets with potential high-growth that offered attractive returns through strategic mergers and acquisitions. As CEO, Jeff Immelt established a process for identifying projects that offered attractive growth potential which were then nurtured and treated as special projects or initiatives that were not subject to strict budget constraints. Immelt introduced GE’s three strategic imperatives as: (1) sustaining its strong business model, (2) strengthening the business portfolio, and (3) driving its growth initiatives. www.ge.com

Canadian General Electric Co. Limited (CGE) was incorporated in Canada in 1892 at the same time Edison Electric Light Company and Thomson-Houston Electric Light Company merge into General Electric (GE) which continues to the present day as a major international conglomerate. GE is investing in software and analytics, healthcare, energy, lighting and bio-energy systems, and advance manufacturing and enterprise. With each investment, the company strategy to grow and enhance productivity and reduce environmental impact at a global scale becomes apparent. At GE, research and development has been the cornerstone of innovation for over a century. GE has approximately 36,000 technicians that are used to solve some of the world’s toughest problems

Throughout my time at GE Capital I dealt with a number of difficult customers. The most memorable situation was dealing with a customer in a team leader capacity. The customer was serviced by a member in my team who had incorrectly misguided the customer towards a situation that had the potential to become a legal matter. As a team leader I advised the team member to close the call. I intercepted the call and reviewed the information. After reviewing, I took it upon myself to contact the customer and discuss the incorrect information he was given. I apologised for the inconvenience and provided the customer with the correct information that ensured no legal action would be taken. I offered further assistance to the customer and reassured them

Also; Citigroup, Inc. another competitor for the GE Company made a total of $64.95 billion in 2011, and when we compare it with GE and SI its earnings where even less in the same year, making General Electric a leader in the industry. With this valuable information GE management can analyze its competitor’s financial statements results and from there they can evaluate their faults and create new ways to increase their annuals earnings and secure their place as one of leading companies in their industry. Another way GE can go forward in the industry is by adapting its services and products to other countries that need them.

General Electric (GE), established in 1892, is an American based, diverse conglomerate. General Electric is common household name, as well as a renowned name in electric, oil, gas, power, renewable energy, aviation, transportation, and healthcare. In 2015, the Fortune 500 Company had over $117 billion in revenue. The company continues to expand, and even surpasses the yearly goals it sets for its self. As of 2015, GE has 10 research centers, employees over 3,000 engineers and PhD’s between these centers, and filed 3,100 new patents. In the healthcare arm, GE creates diagnostic imaging, clinical systems, and information technology products, as well as participating in drug discovery and other biopharmaceutical technologies. GE provides pivotal technology for healthcare and fuels the healthcare revolution. These healthcare advancements are used to develop healthcare facilities in third-world countries, as well as American healthcare (General Electric, 2016).

General Electric (GE) is among the most profitable companies and, according to Fortune magazine, the most admired. It stock is the most highly valued in the world. Some critics would argue, if it's not broke, why fix it? Jack Welch, CEO of GE, believes in the "infinite capacity to improve everything." Why does a company that has experienced so much success recently invests over a billion dollars in a quality initiative? Increased competition has GE adopting the attitude that businesses that stand still become obsolete as businesses that continue to grow pass them by. Also by implementing Six Sigma, GE is preparing itself for future profitability

GE is a huge company, with 3 dozen of business areas, over 300 thousand employees and annual sales revenue as high as 129 billion in the year of 2000. It was the "social architecture" (culture and values) and "operating systems" (systems and processes) helped this complex and diverse organization to drive through changes quickly and effectively that have it named Internet Week's top e-business of 2000. These deeply rooted

General Electric (GE) is a huge multinational corporation. The company started out as the Edison Electric Light Company in 1878. In 1892 the company was incorporated as General Electric thru a merger with the Thomson-Houston Electric Company. The company’s products and services include such items as aircraft engines, oil and gas production equipment, medical imaging, financing ,appliances, and industrial products . GE’s diversified businesses reduce its financial risk. GE currently company operates 206 manufacturing facilities in the US and Puerto Rico, and over 295 manufacturing plants located in 39 other countries around the world. GE offers products and services across the United States, Mexico, Europe, Asia, Middle East and many other countries. GE’s headquarters are located in Fairfield, Connecticut. In 2015, the company announced the GE Capital Exit Plan, where they plan to reduce the size of their financial service business. They will be selling off secondary business interests and some investments but still retaining particular assets to fuel their growth for years to come.

Jack Welch was fascinated with chemical engineering and entered GE in 1961 as a junior engineer near where he attended college at the University of Massachusetts. Jack Welch chose General Electric, as he desired a small company atmosphere. He was about to put in his resignation, when an executive at the time assured him that no matter how big the company grew; it would still maintain the small atmosphere feel which made Jack stay and not pursue other opportunities. In 1968 Jack became head of GE’s plastics division, a $26 million-dollar operation. He also oversaw all the marketing and in 1971 became the vice president of GE’s chemical divisions. In 1973 he controlled all the strategic planning for the company and was getting exposure to many of the top executives leading to where in 1979 he became the vice chairman of General Electric. Being that he worked his way from an entry level position, by proving success through his accomplishments, Jack Welch became the youngest chairman and CEO within GE’s history in 1981. “Under his leadership he took the company from $12 billion in value to $280 billion and developed emerging markets with numerous mergers and acquisitions.”

The company is all about Research and Development when it comes to target market and product mix. A general motor innovates on a large scale. More than half the planes in the world have GE engines. Jet engines are a technical and manufacturing masterpiece. They have invested more than $10 million in R&D over the past decade to serve the military and commercial aviation customers. The new engines are substantially more fuel-efficient than the ones that they are replacing. They track thousands of engine performance parameters while they are in service, and they use that information to improve performance standards. Their ability to execute large-scale innovation is based on GE’s technical depth and scale. The capability is unmatched and creates customer satisfaction, employee pride, and financial performance. There are very few companies on earth who do what General Electric does (Datamonitor pg. 49).

GE was founded in 1878. It has grown multi folds since the time of inception. It has been named as “Most Admired Company in Us” and “Most Admired Company in the World”. It has companies in the field of electricity production, electric appliance, lighting, aircraft engines, medical system, and diesel locomotives. GE has 43 independent SBU (Strategic Business Unit). Despite all these variations available there was steadfast growth in the company. The management practices in GE were considered as bellwether of American management practices. This was due to the procedures adopted by Jack Welsh.

Executive Summary Team Globalization has conducted an in depth analysis on General Electric's (GE) two decade transformation achieved by the company’s former Chief Executive Officer (CEO) Jack Welch. This report consists of a reflective examination performed by the team, incorporating perspective gained through professional experience and key concepts gleaned from selected course reading selections. As CEO of GE, Jack Welch's

GE was entering a new generational era, one where technology is at the forefront of growth and adaptation. Immelt identified Technology as one of GE’s major drivers for future growth which was signaled by his expansion of GE’s R&D budgets. He shifted the importance of Technology within GE by focusing on the R&D projects that offered large scale market potential, reffered to as “Imagination breakthroughs”.

GE was found by Thomas Edison in 1893. It has around 343,000 employees and operation over 100 countries. The company experienced continuous