STRENGTHS Global recognition: General Electric has ventured into the world market thus gaining global recognition for its unique goods and services. In the year 2009‚ Forbes magazine ranked GE as the world ’s largest company. Hurbert (2007) notes that General Electric ’s brand is the world ’s most recognized brand. This kind of recognition has given it a competitive edge over other companies due to its ability to attract more customers. Global strength and competitiveness:The Company’s products
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motion pictures. • GE has total asset of worth US$ 797.769 billion as per Company 2008 Balance Sheet. • The company made number of acquisition in previous few years. • Enjoying high revenues and profits. • GE is the fourth most recognized brand in the world. • The ge.com is the 20th domain to have been registered on August 5th 1986. • It has four divisions namely GE Energy Infrastructure‚ GE Technology Infrastructure‚ GE Capital‚ and NBC Universal. • GE is one of the major
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GE’s Two Decade Transformation: Jack Welsh’s Leadership Introduction GE was founded in 1878. It has grown multi folds since the time of inception. It has been named as “Most Admired Company in Us” and “Most Admired Company in the World”. It has companies in the field of electricity production‚ electric appliance‚ lighting‚ aircraft engines‚ medical system‚ and diesel locomotives. GE has 43 independent SBU (Strategic Business Unit). Despite all these variations available there was steadfast growth
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9-399-150 REV: MAY 3‚ 2005 CHRISTOPHER A. BARTLETT MEG WOZNY GE ’s Two-Decade Transformation: Jack Welch ’s Leadership On September 7‚ 2001‚ Jack Welch stepped down as CEO of General Electric. The sense of pride he felt about the company ’s performance during the previous two decades seemed justified judging by the many accolades GE was receiving. For the third consecutive year‚ it had not only been named Fortune ’s "Most Admired Company in the United States‚" but also Financial Times ’ "Most
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SWOT ANALYSIS Strength Global recognition & Strong competitiveness Firm operates diversified businesses such as innovation technology‚ media‚ financial services and energy infrastructures. GE is the one of world leader companies in field of development‚ implementation and product improvement. Firm focus on infrastructure markets because the markets are growing utilizing GE capabilities in technology. The major strength of GE has been changed since the firm sold NBC Universal as know as CNBC
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Case Study: GE’s Two–Decade Transformation: Jack Welch’s Leadership Case Group 3 Executive Summary The purpose of this report is to provide an analysis of GE’s revitalization efforts during the tenure of their infamous CEO Jack Welch. This detailed examination of the impact of Mr. Welch’s leadership style and the changes he implemented will be supported by our strategic recommendations aligned with our course lectures. The learning objective is to understand the evaluation of Welch’s
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General Electric (GE). Over his 20 years as CEO‚ he established himself as one of the most admired business leaders in the world. His initiatives of Six Sigma‚ globalization‚ and e-business have defined the modern corporation. He relied on boundaryless organization erasing group labels such as "management‚" "salaried‚" or "hourly‚" which he thought only got in the way of people working together. He had an intense focus on people. Jack Welch led with integrity and had a true passion for GE. With Welch’s
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Welch received his Master of Science and Ph.D. degree from the University of Illinois in 1960. After completing his years of education‚ Welch was hired by General Electric Corporation (GE) as a chemical engineer for the Plastics department. Promotions followed rapidly and at the age of 45‚ in April 1981‚ he became CEO of GE‚ one of the world’s leading diversified industrial companies. Even though‚ the U.S. economy was in a recession during that time and unemployment rates were very high‚ Welch found the
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The 1920’s was the best decade of the first half of the 20th century. In the 1910’s there was WWI‚ the 1930’s the great depression‚ and the 1940’s WWII. So much flourished economically and industrially during the 1920’s which made it the best decade. Even though there was so much good in the 1920’s there were some problems too‚ but not nearly as bad as any of the other decades in the first half of the 20th century. During the 1920’s‚ the economy was booming. A big factor of the economy prospering
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The 90’s decade was probably one of the best ten years of all times. This decade had a major impacted on society from technology to the toys‚ music‚ movies‚ and fashion trends. What makes the 90’s great is a service that we all use the majority of the time called the internet became available to the consumer. Without the internet‚ we could not surf the web‚ check Facebook or Instagram‚ better yet take online classes. Thanks to the creator‚ Tim Berners-Lee for paving the way for us to be able to use
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