General Electric General Electric (GE) occupied the eighth spot on Fortune 500’s list of companies at the close of 2013. While number eight was a slide from 2012’s number six GE maintains its position‚ as one of the world’s largest and most influential corporations. Today‚ GE’s operates in over 160 countries and is led by Jeffery Immelt. During 2013 GE reported‚ total revenues approached 147 billion USD and profits around 13.6 billion USD. (CNNMoney‚ 2013). GE appears in textbooks from the third
Premium General Electric Thomas Edison Jack Welch
HBR - GE ’s Two-Decade Transformation: Jack Welch ’s Leadership Dawn Davis California Baptist University Professor Putulowski 18 October 2014 Summary of Backgrounds and Facts Jack Welch introduced transformational leadership at General Electric (GE) with the aim of stretching the organization towards achieving global objectives. Welch took the helm of the organization in 1981‚ at a time when the US economy was overwhelmed by recession. In addition‚ his predecessor‚ Jones‚ had introduced a highly
Premium Six Sigma Management Quality assurance
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
Premium General Electric
3/25/2011 Ge Making Of Ceo Management of Organizations Case Write-up 1 – GE’s Talent Machine: The Making of a CEO http://www.papercamp.com/print/GeMaking-Of-Ceo/10993 1.What philosophy‚ policies‚ and practices have made GE a “CEO factory” as Fortune called it? General Electric (GE) has traditionally had a hands-on approach to talent management. There is a high degree of involvement of the top management in its people policies. There is a top-down approach to human resource policy. Also‚ GE recognized
Premium Management Human resource management Strategic management
corporate culture of General Electric (GE) is a composite of its people‚ leadership‚ organization‚ structure‚ and processes from past to present. This paper will provide an assessment of the corporate culture of GE‚ and provide an insight into the dynamics‚ which have made it one of the world’s premier companies. The aspects of General Electric’s culture begin with its leadership‚ and progress through its management‚ workforce‚ policies‚ and objectives. GE leadership provides corporate direction
Premium General Electric Six Sigma Jack Welch
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
Premium Strategic management Strategic business unit Marketing
GE Imagination Breakthrough Q : 1 What is your evaluation of Immelt’s new organic growth strategy? Why change GE’s existing successful strategy? Is it reasonable to expect that a $125 billion global giant can significantly and consistently outperform the underlying economic growth rate? What is your evaluation of Immelt’s new organic growth strategy? Answer: Immet’s new organic growth strategy is made up of following elements: * Technical Leadership – Immelt identified technology as
Premium Innovation
INTRODUCTION: The term ‘cyber crime’ is a misnomer. This term has nowhere been defined in any statute /Act passed or enacted by the Indian Parliament. The concept of cyber crime is not radically different from the concept of conventional crime. Both include conduct whether act or omission‚ which cause breach of rules of law and counterbalanced by the sanction of the state. Before evaluating the concept of cyber crime it is obvious that the concept of conventional crime be discussed and the points
Premium Crime Computer crime Fraud
Planning at GE Oil and Gas GE Oil & Gas was established in 2012 when GE Energy was divided into three new business units of General Electric. Prompted by poor financial performance‚ GE Oil & Gas was created in an effort to simplify business and also make General Electric more visible to its shareholders ("Working Environment | GE.com"‚ n.d.‚ p. 1). GE Oil & Gas has grown to become one of the key players in the energy sector. Operating in more than 100 countries and employing 43‚000 people‚ GE Oil & Gas
Premium General Electric Energy development Environment
Political Politics highlight the role of nation governments‚ as the large global company‚ the firm has to deal with national political systems differently. The difficulties to negotiate with government conditions including tax systems‚ regulations and restriction which the firm has to adjust the service conditions and product requirements to get into the nation markets. These will be the huge impact which the firm has to be considered properly in order to work well with the governments and reach
Free Developing country Developed country United Kingdom