Ge- Introduction and Corporate Strategies over the Years

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

GE Healthcare is a unit of the wider General Electric Company. It has a global orientation, employing more than 46, 000 staff committed to serving healthcare professionals and patients in over 100 countries. It is headquartered in the United Kingdom (UK)-the first GE business segment outside the United States. It has a turnover of approximately $ 17 billion. The headquarters hosts GE healthcare corporate offices as well as finance, sales, global sourcing departments, X-Ray marketing, manufacturing, design and shipping. The finance and sales departments at the headquarters handle GE Healthcare’s high level decisions, but each modality often has its own similar

The first central power plant they began generating electricity in September 4, 1882, powering 800 bulbs. Then he created the Edison Company for Isolated Lighting, company that build and sell electric power over the town and cities and all over United State.

Secondly, Concerning high electricity consumption, which will affect Garmco when electricity prices increase, it is recommended for Garmco to invest in efficient energy technologies that will help support their commitment of reducing their energy consumption,seeing that the industry is highly energy consuming and especially electricity. Similarly, it is recommended for them to engage in related diversification by operating in a country where electricity costs are low and specifically in areas with increased hydroelectric resources and as an example, North of New

Edison was the most famous of the three as he had developed the first practical light bulb in the late 1870's. Although Edison and Tesla had worked together, Tesla helping to perfect Edison's designs while also promoting his own, they conflicted and eventually separated. This was partly due to Edison's concerning thoughts about Tesla's alternating current system. Using propaganda tactics as Edison felt threatened by Tesla's alternating current system as it could distribute current over longer distances more economically, Edison slandered alternating current by saying it was more dangerous by publically electrocuting animals and suggesting that Tesla's system should be used as the new form of execution for inmates on death row rather than the traditional hanging as it was the faster, more deadly option compared to its predecessor. In the end Edison lost the "war" as Westinghouse, the company using the alternating current systems, won the contract to supply electricity to the "1893 World's Fair in Chicago". This showcase became the launching pad for Tesla's system as it allowed for the accomplishment of building a hydro-electric power plant at Niagara Falls in 1896. This achievement is informally know as the end of the "War of Currents" as alternating current became the official electric power for all industries. w as the end of the "War of Currents" as alternating current became the official electric power for all

GE Healthcare is a subsidiary of General Electrics (GE) and its primary business is creation of healthcare technologies and services that ranges from medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, and biopharmaceutical manufacturing technologies and so on. Its business units are classified as:

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

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.

When Reg Jones, Welch’ Predecessor, became CEO in 1973, the company organization was just completed to be centralized, but Jones could not able to keep up with reviewing massive volume of information generated by 43 strategic plans. Finally in 1977, he capped GE’s departments, divisions, groups, and SBUs with a new organizational layer called “sectors”, which represented macrobusiness agglomerations.

GE Energy Rentals is a business unit of the General Electric Power Systems (GEPS) (Bollapragada, Ganti, Osborn, Quaile, & Ramanathan, 2003, p. 45). The GE Energy Rentals has established a web-based application to evaluate the customers credit worthiness. In other words, this is a technology aimed to determine the worthiness of the customers’ credit. GE Power is the world’s recognized power generation leader. The GE supplies the electricity industry with the world’s most efficient digital power plant. The mission of the enterprise is to build, move and power the world with the new cutting-edge technologies and software-defined machines ensuring the safety of its users. The mission of the company is to deliver the best possible results

At financial segment, the competition is very strong. GE is late start at this segment, in the other words, GE is a follower. But at infrastructure segment, the threat is lot of smaller than financials threat. Because of GE is huge, GE is the few company which has multiple industry to performance at multiple performance.

Background Information- General Electric Company, known as GE the world over, is an American-based, multinational corporation headquartered in Connecticut. In 2010, the company reported in excess of $150 billion in revenues, net income of over $12 billion, and almost 300,000 employees. It operates through four basic segments: Energy, Technology Infrastructure, Capital Finance and Consumer and Industrial Production. In 2011, GE was ranked the 6th largest firm in the United States as well as the 14th most profitable. Since its founding by Thomas Edison in 1990, and becoming one of the original 12 companies listed on the Down Jones Industrial Average in 1986, GE has been iconic in its relationship as an American innovator. In fact, GE founded RCA in 1919 to further the use and disbursement of international radio, just one example of their early commitment to innovation (GE Fact Sheet, 2012).

Thomas Edison, developed the world’s first practical light bulb in the late 1870s, Edison relied heavily on tedious experimentation for most of his discoveries, a commitment which some historians attribute partially to his lack of formal education. Then began building a system for producing and distributing electricity, so businesses and homes could use his new invention. He opened his first power plant, in New York City, in 1882. So, developed direct current -- current that runs continuously in a single direction, like in a battery or a fuel cell. During the early years of electricity, direct current (shorthanded as DC) was the standard in the U.S. Mahen Theatre in Brno (in what is now the Czech Republic), opened in 1882, and was the first public building in the world to use Edison's electric lamps.

Due to the change in environment and the need to adapt Immelt shifted the focus of GE from cost cutting and deal making to new products, services

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