Case Study: General Electric Company | GE’s Strategy Equates Longevity | | For so long, General Electric has provided the world with pioneering products and superlative services. How does a company endure the economic cycle for over a century and continue to make headway? In this paper I intend to discuss some of the aspects that have enabled GE to have fruitful success for over one hundred-thirty years. I will briefly discuss the overall strategy of the company and the approaches they employed to attain success implementing that strategy. I will examine the corporation’s value proposition and comment on current event(s) that influence the business. I will present a brief SWOT analysis and state my general impression of their management style. Finally, I will express my thoughts on their future, where they can be more effective, and what changes should be put into action. The topics covered depict how General Electric has and will maintain and upper hand in corporate world. | | Michelle Jones | 12/12/2012 | |
Table of Contents
I. Introduction, Meet GE pg. 2 II. The Company’s Overall Strategy and Their Approaches to Attain Success pg. 2 III. The Company’s Value Proposition pg. 3 IV. Event(s) that are Affecting the Company pg. 3 V. SWOT Analysis pg. 4 VI. Impression of the Management Style pg. 5 VII. The Company’s Future and Opinions on How They Can be More Effective pg. 5 VIII. Changes that Should be Implemented pg. 5 IX. References pg. 6
I.
Introduction, Meet GE
General Electric or GE is a multifarious technology and financial services company; operating through energy, technology infrastructure, capital finance, as well as, consumer and industrial. The company was instituted in 1892, via the merger of Edison Electric Company and Thompson-Houston Electric Company. It has stomached the economic roller coaster for more than one hundred-thirty
References: Bazil, M. (2012, August 19). Strategic Moves That could See General Electric Increase its Growth. Retrieved from The Motley Fool: http://beta.fool.com/muhammadbazil/2012/08/19/strategic-moves-could-see-general-electric-increas/9544/ Chandler, D. (2012, March 7). Electrical Marketing 's LIVEWIRE. Retrieved from Electrical Marketing:The News You Need. When You Need It.: http://livewire.electricalmarketing.com/2012/03/07/a-wsj-look-at-changes-in-management-style-at-ge/ customwritingtips.com. (2012, February 3). CustomWritingtips. Retrieved from General Electric Case Study Analysis : http://customwritingtips.com/component/k2/item/6312-general-electric-case-study-analysis.html General Electric. (2012, November 26). New “Industrial Internet” Report From GE Finds That Combination of Networks and Machines Could Add $10 to $15 Trillion to Global GDP. Retrieved from GE Imagination at work: http://www.ge.com/ Kucharvy, T. (2011, April 3). GE’s Ecomagination: From Marketing Campaign to Business Commitment. Retrieved from The Future of U.S. Knowledge Work in a Global Economy/ Author 's Blog: http://beyond-it-inc.com/GKEblog/general-electric-ecomagination-strategy.html Larsen, R. S. (2012, February 24). Governance-Letter from Presiding Directorto Shareholders. Retrieved from GE 2011 Annual Report: http://www.ge.com/ar2011/#!section=governance Nisen, M. (2012, December 6). GE 's New Strategy Involves Poaching Tons Of Silicon Valley Engineers. Retrieved from Business Insider War Room: http://www.businessinsider.com/ge-is-trying-to-poach-silicon-valley-engineers-2012-12 wikiwealth. (2012). wikiwealth-Collaborative Research. Retrieved from General Electric (GE) SWOT Analysis: http://www.wikiwealth.com/swot-analysis:ge