Essay on General Electric's Quality Gamble

GE is a highly expanded company. The corporate strategy of GE is to reposition itself as the worlds best Infrastructure and Technology Company. (GE) It focuses mainly on being the infrastructure leadership by investing more on the innovation. I think the investment made by GE is a long term process because it always results in great innovation and more profit after certain time. The six-part growth process and the strategic planning will explain about the corporate strategy of GE in

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

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

The number of defectives item affects the profits. The higher the number defectives the less profit that is made and vice versa.

Since failure is not an option, we need to look at the remaining quality cost of appraisal and prevention. Investing in quality is the direction we need to take, however, there are various approaches. We could go the appraisal route, and setup multiple manufacturing inspection points, in addition to lab testing. Allocating cost in this area would provide a level of confidence that our devices would reach the market with minimal issues.

Immelt is trying to hire new young employees that know about technology and can easily learn how to use newer technology. General Electric is still working out issues with GE Capital and Immelt is continuing to remove problem segments from GE Capital. Immelt has declared that ideally only $10 billion of GE’s revenue should come from its financial departments, and that most of the revenue will come from General Electric’s other important departments, such as GE Aviation, GE Oil & Gas, and GE Power. One of the largest initiatives that General Electric is currently taking is what they call “Industrial Internet.” The “Industrial Internet” is a term that General Electric uses to “[refer] to the integration of complex physical machinery with networked sensors and software.” Basically, the “Industrial Internet” is using electrical sensors and software from the internet and adapting it to machines, an example of a product, made by another company, that would have used the term “Industrial Internet” is the “google smartcar.” An important issue within General Electric is that upper level employees are making millions of dollars, while workers don’t receive so much. In 2014, Jeffrey Immelt pocketed about $48.9 million and increased his salary by 8.2% to $3.8 million. So, one of the main issues in General Electric would be the corruption that occurs in the higher level executive jobs. However, the corruption in the executive level jobs does not affect how well the stocks do for General Electric, and it should not influence anyone’s decision to buy General Electric’s

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.).

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.

In the case, “The Jack Welch Era at General Electric”, indicate that during the period of Jack Welch was a CEO at General Electric from 1981 to 2001, the company became remarkable profit. Earnings per share rose from $.46 in 1981 to $1.07 in 2001. GE is a company which has a very long history, and Jack Welch was the first working-class person that finally became the famous manager in GE history. He changed and built lots of rules to fulfill his ambition to make the company more wealthy such as eliminated workers, changed GE’s culture by promoting the notion of a “boundary less” organization, used identical 20-70-20 percent curve to manage managers, and reshaped GE stocks. The story of the Welch years has the elements of legend, however,

When the 45-year-old Welch became CEO in April 1981, the U.S. economy was in a recession. High interest rates and a strong dollar exacerbated the problem, resulting in the country’s highest unemployment rates since the Depression. To leverage performance in GE’s diverse portfolio of businesses, the new CEO challenged each to be “better than the best” and set in motion a series of changes that were to radically restructure the company over the next five years.

Over the decades, GE has gone through a number of challenges. This is because the company would face issues associated with globalization and size. To fully understand what took place requires carefully examining the company in depth. This will be accomplished by focusing on: GE's Strategic Intent and DNA (Strategic Thrusts), the initiatives that were implemented, the alignment between strategic intent / strategic thrust / objectives and if there are changes in the firm's strategic intent in the future. Together, these different elements will provide the greatest insights as to how GE was able to adapt with the transformations that were occurring in the economy and the marketplace.

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

Analysis - GE has likely been so successful over the years because of its ability to foresee major trends and capitalize upon them. In the 1960s, for instance, GE was one of the eight major computer companies. Even recently, since 1986, GE has continued to acquire several organizations; portions of NBC, wind manufacturing, universe pictures, aerospace industries, international firms, software and hardware manufacturing, even oil companies abroad. The company culture describes itself as not one company, but many each unit a vast and complex enterprise in and of itself, with a corporate

In his report he discovered that the products with fewer non-conformities (high quality) were the ones that performed well after delivery to the customer. It was accepted by everyone but the challenge that came in front of Motorola executives was to develop a solution to tackle this problem.

Manufacture have to produce the parts which are free from defects because it doesn’t have any value because nobody wants to buy that, so it is loss to the company like the loss of raw material and manpower . In order to overcome these problems, the manufacture should concentrate on following necessities