General Electric Company : An American Multinational Conglomerate

1311 Words6 Pages
Overview
General Electric Company (GE), founded on April 15, 1892, as a result of the merger of American Inventor Thomas Alva Edison 's Edison General Electric Company and Thomson-Houston Electric Company is an American Multinational Conglomerate. The diversified infrastructure and financial services company produces products and services that consist of oil and gas production equipment, household appliances, power generation, medical imaging, industrial products, business and consumer financing and aircraft engines. The Company operates in approximately 175 countries and about 300,000 employees around the globe. The company 's headquarters is located in Fairfield, Connecticut, USA. GE is able to run efficiently through the following eight business markets of Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances and Lighting, and GE Capital (Reuters).

Corporate Profile: Management Style
As stated by New York Times, “the GE Way Isn’t for everyone”, this way that has been controversially spoken of was developed by John Welch, one of the most prominent CEO’s in the history of General Electric. Welch developed a breakthrough in business management that produced innovative leadership strategies. The implementation of this strategy is the reason why GE became one of the most highly labor-efficient and highly productive powerhouse’s of the 21st Century. During Welch’s 20 year reign as CEO, and later on as chairmen of GE, the
Get Access