tips of avoidance through the stories of the former CEO of General Electric. This book is easy to follow and offers great explanations for many of the management challenges sure to face both today’s and tomorrow’s leaders. I found most of the concepts helpful‚ with my main interest falling in the section regard the human capital. A great business is nothing without a great workforce to back it. The key issues covered in this section include developing and motivating a team‚ leading them to greatness
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How GE is disrupting itself 1. What are the unique challenges faced by GE in India and China? GE’s biggest challenge: changing the mind-set of managers who’ve spent their careers excelling at glocalization. Even the exemplars have a rich country bias. In a recent conversation with Jeff‚ one such manager – the head of a major business that’s doing well in India and China – still seemed preoccupied with problems beyond his control in the U.S. “I don’t even want to talk to you about your growth plans
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The strategic planning process is the formulation of the company’s major objectives and execution plans. This process is of particular interest in GE. Strategy formulation is the process of choosing the best methods for a company where customer needs; competitive position and internal capability are the three factors that play the main role in strategic planning. Every manager needs to have at least a simple notion of strategic planning to formulate his strategic plans. Strategic Planning is a wide
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The GE Energy Management Initiative (A) By taking the position as Raj Bhatt‚ Business Development manager of GE Canada‚ I am comfortable and confident that energy efficiency is an attractive industry and business opportunity. What makes Raj Bhatt believe that the Energy Efficiency projects will be successful in Canada is that the project helps not only the ESCo‚ which conducts the performance-based contracting‚ but also the customers‚ who are more aware of the benefits of Energy Efficiency project
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5. Director’s Duties Director’s Duties are part of the idea of risk management; because they take risks all the time‚ they require a certain element of regulation. The law must provide a way of mitigating against the risk‚ so creditors and shareholders can have potential recourse. This is all done indirectly; the company will recover in the event of a breach of duty arising. If the company recovers and suffers no harm‚ then that protects shareholders and makes sure their investments are secure.
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Globalization and General Electric (GE) 1. GE has invested so aggressively in foreign expansion because of the potential development that is possible. The United States is a prominent developed country‚ while other countries are still developing. This gives GE the possibility to expand their business by giving the country new products and opportunities to develop their economy. GE takes advantage of the economic uncertainty of foreign countries to move into the country at a lower cost. For example
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In tort law‚ a duty of care is a legal obligation which is imposed on an individual requiring adherence to a standard of reasonable care while performing any acts that could foreseeably harm others. It is the first element that must be established to proceed with an action in negligence. The claimant must be able to show a duty of care imposed by law which the defendant has breached. In turn‚ breaching a duty may subject an individual to liability. The duty of care may be imposed by operation of
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L. McCutcheon ATAN‚USN 25May13 DERELICTION OF DUTYS Dereliction of duty is a specific offense under United States Code Title 10‚892. Article92 and applies to all branches of the US military. A service member who is derelict has willfully refused to perform his duties (or follow a given order) or has incapacitated himself in such a way that he can not perform his duties. Such incapacitation includes the person falling asleep while on duty requiring wakefulness‚ his getting drunk or otherwise
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in the law for the declaration of dividends however George did not find out about this until late September 2010‚ the same time the board signed off the financial reports and therefore George could not inform HP of the company’s financial difficulties. The board not knowing George’s advice was regarded as not true‚ seen it as favourable advice and decided to sign off the reports and declare the dividend to members. Susan was absent from this meeting from an unknown cause. Soon after her dividend was
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With the limited information given the most relevant quote is “Sue and Tom are business partners”. This would mean that Tom and Sue are fifty-fifty principals within there partnership. I believe that Sue had the requirement to inform Tom of the decision to buy the property and also to increase Tom’s response time when it was apparent he was on vacation and unable to give her his decision. Tom’s response to Sue of “I think the partnership should buy the property”‚ without knowing that Sue had already
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