General Electric ( Ge ) Essay

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 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:

General Electric (GE) is a multinational conglomerate based in the U. S. whose mission is to “build, power, cure, move, and connect the world” (Culture | GE Careers," n.d.). According to GE’s fact sheet ("Fact Sheet | GE.com," n.d.), the company is headquartered in Boston, Massachusetts and operates in 170 countries. These locations include five research and development centers, three of which include: Bangalore, India; Munich, Germany; and Niskayuna, USA ("GE Global Research Locations | GE Global Research," n.d.). These three nations are members of the International Monetary Fund (IMF) and the World Trade Organization (WTO) ("World Factbook — Central Intelligence Agency," n.d.). All three are also members of the World Bank ("Member Countries," n.d.).

Thank you for your summary and views on General Electric. I appreciate that you point out both good and bad citizen activities related to GE. As you pointed out, the corporate websites provide the most information about the positive activities and would not represent or pin-point any negative views. What types of good activities would outweigh the bad in your point of view? If a Multinational Corporation does not break the law, should they still be considered a bad citizen? For instance, GE has been involved in many pollution cases, but were they convicted and should we consider them a good citizen until proven guilty? Do you feel that laws are being enforced for these multinational corporations? The regulations and fines for breaking the

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.

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”.

different from that in the past: "Facing reality as it is, not as it was or as you wish ...

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

GE healthcare deliver services to people around the globe using transformational medical technologies. Among them are services such as biopharmaceutical manufacturing technologies, medical diagnostics, medical imaging and information technologies, patient monitoring systems, drug discovery, and performance solutions services.

GE is committed into achieving leadership by developing global technical capabilities, increasing new product growth, and investing in global research. With today's competitive environment GE's commitment to quality is a top priority to the

General Electric is one of the largest electrical firms in the U.S. and is listed as the fourth largest industry in the world. It operates through four main divisions: Energy, Technology Infrastructure, Capital Finance, and Consumer and Industrial. In the year 1876, Thomas Edison pioneered his own laboratory in New Jersey, where he created one of the greatest inventions during that time period. Edison created the first ever-incandescent electric lamp. Throughout the next ten to fifteen years Edison began selling these lamps, as well as, his other electric lighting devices, which eventually led him to develop his own company called the Edison General Electric Company. By 1892, the Edison General Electric company and one of its competitors the Thomson-Houston company merged to create a new organization, which they solely called the General Electric Company. The company has developed in a large amount of ways throughout the last 100 years and has created many valuable inventions that we use today. For example, in 1971 the first portable air conditioner was created that we use today in many of our rooms. Also, in the last 15-20 years the company has had many medical inventions, such as scanners for doctors to capture pictures of inside their patient’s bodies. Inventions such as washing machines, stoves, ovens, and heaters were all created and are sold by General Electric, which we all buy and use today.

GE health care is developing products with clinical & economic relevance to have a competitive lead in every segment of the product.

2. General Electric uses a multifaceted approach to help make them one of the industries leaders in engine production. This approach includes resources both financially and managerially. Financially General Electric has invested $50 million in new engine technology, with an additional $1.2 billion to $1.4 billion being required to help them bring new engine designs to the forefront. General Electric has also received a $20 million grant from NASA in order for them to create the first tester UDF engine. General Electric’s Aircraft Engine Business Group (AEBG) manages the production of GE’s engine technology. AEBG has successfully put together a list of resources including Boeing, McDonnell Douglas, and others in an attempt to put

Areas of diversification of General Electric and its SWOT Analysis Diversification talk about to the growth of operations by a corporation in order to grow outside the business in which it presently deals. In light of this, the diversification areas of General Electric can be emphasized. GE is an American worldwide organization, which is incorporated in New York and functions in areas comprising of Power, Aviation, Energy and others. It is not simply an electronics centered corporation, but it has diversified its areas of operation through a number of attainments and investment in Financial Services, Transportation, Home and Business Solutions and Energy Infrastructure and others.

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