GEs Mission, Vision, and Issues - 1117 Words

Background Information- General Electric Company, known as GE the world over, is an American-based, multinational corporation headquartered in Connecticut. In 2010, the company reported in excess of $150 billion in revenues, net income of over $12 billion, and almost 300,000 employees. It operates through four basic segments: Energy, Technology Infrastructure, Capital Finance and Consumer and Industrial Production. In 2011, GE was ranked the 6th largest firm in the United States as well as the 14th most profitable. Since its founding by Thomas Edison in 1990, and becoming one of the original 12 companies listed on the Down Jones Industrial Average in 1986, GE has been iconic in its relationship as an American innovator. In fact, GE founded RCA in 1919 to further the use and disbursement of international radio, just one example of their early commitment to innovation (GE Fact Sheet, 2012). Analysis - GE has likely been so successful over the years because of its ability to foresee major trends and capitalize upon them. In the 1960s, for instance, GE was one of the eight major computer companies. Even recently, since 1986, GE has continued to acquire several organizations; portions of NBC, wind manufacturing, universe pictures, aerospace industries, international firms, software and hardware manufacturing, even oil companies abroad. The company culture describes itself as not one company, but many each unit a vast and complex enterprise in and of itself, with a corporateShow MoreRelatedGeneral Electric ( Ge )816 Words   |  4 Pagesproviding access to GE’s technical expertise, capital and opportunities for commercialization through GE’s global network of business, customers and partners† (Investors, 2008-2016). This investment of $26.6 million (Rethink, 2015) takes GE into modern technology to help people around the world. President and CEO at Reth ink Robotics says, â€Å"Our new and existing investors recognize the enormous market potential for smart, collaborative robots in manufacturing, and they share our vision for driving ongoingRead MoreBalanced Scorecard1427 Words   |  6 PagesIt is a vital key for defining the goals and targets of a company as well as the vision, mission and the SWOTT Analysis. A balanced scorecard is, â€Å"A set of measures that are directly linked to a company’s strategy: financial performance, customer knowledge, internal business processes, and learning and growth† (Pearce Robinson, 2013, p. 194). This company will relate the in-building turbines values, mission, vision and SWOTT Analysis with the four perspectives of the scorecard (financial performanceRead MoreGes Two-Decade Transformation: Jack Welchs Leadership1107 Words   |  5 PagesCase Analysis # 7 GE’s Two-Decade Transformation: Jack Welch’s Leadership Submitted by Group -5 Group Members: Name | NSU Id | Nek Parveen | 071 759 030 | Mashior Rahman | 081 342 530 | Md. Kaderi Kibria | 091 0727 030 | Farah Mehnaz Alam | 091 0858 030 | Gaws- Al- Alam | 091 0919 030 | Background: General Electric is the core of a holding company holding exhaustive list of divisions and business units which are designed to support the centralized strategic planning. Jack WelchRead MoreJeffrey R. Immelt Ethical Leader2212 Words   |  9 Pagesglobally. Therefore, the personal characteristics of Immelt as the CEO becomes crucial to the success of the corporation. His every move, speech, or writing will affect every employee and stakeholder he faces. One of the value he possesses is vision in the sense of making sure that every employee, and stakeholder in the company knows exactly what the organization is doing and why it is following the course of action it is doing. The second most important value Immelt possesses is his abilityRead MoreJack Welchs Leadership1363 Words   |  6 Pageslevels. GE reduced employee from 404000 in 1980 to 292000 by 1989, while at the same time increased operating profit from 1.6 billion to 2.4 billion. Welch has laid down a good foundation for future development. Fatherly, Welch began to strengthen GE’s edge from â€Å"soft power†. He intended to foster up a culture of speed, simplicity and self confidence by two initiatives of Work-out and Best-practice. At the same time, Welch globalized GE based on the facts that they already got a solid base in USRead MoreGe And The Industrial Internet6766 Words   |  28 PagesJune 25, 2015 Submitted by: Team 5 AnusuyaArunachalam NishanthGoudAthelli VinayChander Brian Hoehn Jordan Palmquist Samantha Robinson TABLE OF CONTENTS Executive Summary 4 1 Strategic Context and Intent 5 1.1 Who are we? 5 1.1.1 Mission 5 1.1.2 Vision 5 1.1.3 Organizational Goals 5 1.1.4 Sub Goals (Internet of things) 5 2 Industry Trends 6 3 Benchmarking 6 4 Porter’s 5 Forces 7 5 SWOT Analysis 10 6 Matrix of Change 13 7 Alternative Definitions 15 8 Discussion of Selected Alternatives 15Read MoreEntrepreneurial School of Thought4494 Words   |  18 Pageswhich can be termed as a vision. Entrepreneurial strategy often occurs in startup companies and organizations in trouble and needing a turnaround. For any organization to sustain success it must engage in some form of entrepreneurial activity in order to effectively compete in the marketplace and continue to increase stakeholder value. In this school the organization becomes responsive to only one person, the CEO and vision is the central concept of this school. Vision is the mental representationRead MoreGeneral Electric ( Ge )1593 Words   |  7 Pagesinvention of the light bulb. Both Thomas Edison and JP Morgan started the Edison Lamp Company, which later became known as General Electric. The people at GE are committed to making a world that works better. General Electric does not have a standard mission statement, but they explain their objectives by the simple equation seen below. General Electric, as seen in the equation above, looks at what the world needs, finds a better way to produce that need and does all of this with a relentless driveRead MoreEssay about Ge’s Two–Decade Transformation: Jack Welch’s Leadership Case2227 Words   |  9 PagesCase 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’sRead MoreGe Transformation3681 Words   |  15 Pages1 GE’s Two Decade Transformation Team Globalization Case Analysis GE’s Two Decade Transformation: Jack Welch’s Leadership Yasmine Abdo Al-Kouraishi Muhammad Howard Steven D. Johns Kenneth V. Oliver Kimberly N. Lomax AMBA 670 Managing Strategy in the Global Workplace July 25, 2012 2 GE’s Two Decade Transformation 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