Assignment 1 Debra Gordon ACC350
GE Imagination at Work
Strayer University
Debra Gordon
To fulfill the requirements for ACC-300
Professor
December 2, 2014 General Electric is a unique and innovative manufacture company that started with an incandescent light bulb and from there, rocketed into one of the most successful, world-renowned company in the world. Thomas Alva Edison first established Edison General Electric Company in 1890 (General Electric, 2013). Two years later, another electrical competitor, the Thomson-Houston Company, merged with Edison General Electric to become the General Electric Company we now know today (General Electric, 2013). Manufacturing innovators in so many various products ranging from lighting to transportation, the General Electric Company has withstood over a century of economic trends, and is by far, one of the most important manufacturing companies in the world. Some of the primary and well-known products manufactured by the General Electric Company are GE appliances and large jet aircraft engines. Variance and fixed cost structures and what they mean to GE managers. Just from reading the information on General Electric, they have been through many ups and downs. In 2004, they declared $8.6 billion in dividends in which $0.82 were up 6% from 2003, following a 5% increase from the preceding year (General Electric, 2005). In December 2004, the board of directors raised the quarterly dividend 10% to $0.22 per share. General Electric awarded their shareowners with over 100 consecutive years of dividends, with 29 consecutive years of dividend growth, and the dividend growth for the past five years has significantly outpaced that of companies in the Standard & Poor’s 500 stock index. Three factors has slowed the global economic growth for General Electric over the past several years. These factors are: energy, insurance, and transportation. In 2004, General Electric sold 122 units, compared to 175 units in 2003 and 323 in 2002.
Strayer University
Debra Gordon
To fulfill the requirements for ACC-300
Professor
December 2, 2014 General Electric is a unique and innovative manufacture company that started with an incandescent light bulb and from there, rocketed into one of the most successful, world-renowned company in the world. Thomas Alva Edison first established Edison General Electric Company in 1890 (General Electric, 2013). Two years later, another electrical competitor, the Thomson-Houston Company, merged with Edison General Electric to become the General Electric Company we now know today (General Electric, 2013). Manufacturing innovators in so many various products ranging from lighting to transportation, the General Electric Company has withstood over a century of economic trends, and is by far, one of the most important manufacturing companies in the world. Some of the primary and well-known products manufactured by the General Electric Company are GE appliances and large jet aircraft engines. Variance and fixed cost structures and what they mean to GE managers. Just from reading the information on General Electric, they have been through many ups and downs. In 2004, they declared $8.6 billion in dividends in which $0.82 were up 6% from 2003, following a 5% increase from the preceding year (General Electric, 2005). In December 2004, the board of directors raised the quarterly dividend 10% to $0.22 per share. General Electric awarded their shareowners with over 100 consecutive years of dividends, with 29 consecutive years of dividend growth, and the dividend growth for the past five years has significantly outpaced that of companies in the Standard & Poor’s 500 stock index. Three factors has slowed the global economic growth for General Electric over the past several years. These factors are: energy, insurance, and transportation. In 2004, General Electric sold 122 units, compared to 175 units in 2003 and 323 in 2002.