BREAKTHROUGHS : THE EVO PROJECT GE BUSINESSES JACK WELCH PROCESS ORIENTED Effective operations management Timely acquisitions and clever deal making Financially based strategies Efficiency driven JEFF IMMELT MARKETING ORIENTED Market value of technological advancements Organic growth – given top priority Technology leadership Commercial excellence Global expansion Marketing driven Long term‚ research- based approach to his tasks Immelt is transforming GE from a process and acquisition
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Strategy is a plan developed by a firm to achieve sustained competitive advantage and successfully compete in the market. What does a well-aligned strategy mean in 7s McKinsey model? In general‚ a sound strategy is the one that’s clearly articulated‚ is long-term‚ helps to achieve competitive advantage and is reinforced by strong vision‚ mission and values. But it’s hard to tell if such strategy is well-aligned with other elements when analyzed alone. So the key in 7s model is not to look at your
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Executive Summary Team Globalization has conducted an in depth analysis on General Electric ’s (GE) two decade transformation achieved by the company’s former Chief Executive Officer (CEO) Jack Welch. This report consists of a reflective examination performed by the team‚ incorporating perspective gained through professional experience and key concepts gleaned from selected course reading selections. As CEO of GE‚ Jack Welch ’s management skills became legendary‚ with little tolerance for bureaucracy and
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1. GE doesn’t come up with innovations in poor countries and take them global 2. GE sell high-end medical imaging and diagnostic products globally 3. GE has following sites for RD efforts: US(Niskayuna)‚ India (Bangalore)‚ China (Shanghai)‚ Europe(Munich)+Brazil(Sao Paulo)‚ US(Detroit). They place RD centers in those countries to be closer to important markets + availability of talent. India: 1. India was an attractive base for the cost reasons and ample supply of talent 2. India
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As is known to all‚ most successful medical equipment manufacturing companies like GE Healthcare satisfy customers ’ need as possible as they can and they are still on the way to improve their supply chains to attract more customers and make themselves more competitive. From this‚ we can see that customer value which can be defined as "the customer ’s overall assessment of the utility of a product based on perceptions of what is received and what is given" (Zeithaml‚ 1988‚ p. 14) plays a very important
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1st slide Bechtel Corporation (Bechtel Group) is a premier engineering‚ construction and project management company‚ founded by Warren Bechtel in 1898. Its headquarters is in San Francisco in the United States. It’s a privately held company‚ although it has close ties/links with the US government. Reagan’s Secretary of Defense Caspar Weinburger was a former Bechtel general counsel. Its revenue as of November 2012 is 37‚9 $ billion. It has 70 (in total) joint-ventures and subsidiaries‚ including
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Introduction Facing up all the uncertainties associated with the potential acquisition between GE and Honeywell‚ Jessica Gallinelli‚ managing director of Bancroft Capital Management‚ definitely needs to consider whether and how the future news form Europe would affect the value of her fund’s arbitrage position‚ what the probability was that booth the DOJ and the Ec would approve the merger‚ and of course eventually what is the most proper and profitable tactic to take at this certain time. The
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GE / Honeywell’s Failed Merger GE‚ while only encompassing a limited stake in the aerospace industry‚ nevertheless faced challenges in its merger with Honeywell due to its market share in the Large Regional and Large Commercial aircraft segments. Additionally‚ the “portfolio effect” of the merger and GE’s potential to reach “end to end” monopolization of the value chain through the bundling of its financing arm (GE Capital)‚ its leasing subsidiary (GECAS)‚ and Honeywell’s avionics manufacturing
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CASE 11: General Electric Healthcare‚ 2006 1. Was buying Amersham a good idea? Why or why not? We support the idea that GE Healthcare‚ which is one of the biggest conglomerates globally‚ took the right step in acquiring the business Amersham in order to expand the business and restructure its core business into becoming a global standardized business aiming to provide products that answers the needs of consumers in the market today. The following
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The General Electric (GE) Market Attractiveness-Business Position Matrix is one of the best-known directional policy matrices‚ “which categorises business units into those with good prospects and those with less good prospects” (Johnson‚ Whittington & Scholes‚ 2011‚ p.252). The following two factors is the principal cause for the development of the GE Matrix. In the 20th century‚ since the blossoming of multi-activity enterprises‚ corporations have faced the challenge of managing its portfolio of
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