...business manager for GE Canada, Raj Bhatt needs to figure out how to maximize the potential from the Canadian energy-efficiency opportunities. Energy-Efficiency, attractive industry and business opportunity? Yes, the energy-efficiency is a very attractive industry and business opportunity. As the growing interests from Canadian public and government, the size of the potential market has increased substantially to billions of dollars. Further, the technology and industry expertise have developed to more sophisticate stage as the market has grown to maturity with fewer competitors left. Therefore, the risk and prediction of overall business have decreased significantly. In addition, GE has the advantages of being an all-inclusive powerhouse for this project, since GE does not only have technical advantages in lighting and motors but also has its own financing department which could support the project’s financial needs. More importantly, GE is a well-known global brand with respected reputation in the industry. Lastly, GE does not face the similar level of competition in the energy-efficiency industry, as there are only 7 full-services ESCos that can cover all three businesses needs. Even those ESCos are often facing problems like accessing the capital, or creditability issues etc. GE management system, GE Canada, implications for the energy management business? The organizational structure of GE is a “direct connect” structure, which consists 6 core businesses (GE Commercial Finance...
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...Peter Demerjian 02/24/2013 ACT 563 Course Project General Electric (GE) Table of Contents Phase 1 Initial Survey and Engagement Development Pages 1-4 Phase 2 Planning Phase Pages 4-8 Phase 3 Work Program Phase Pages 8-12 Phase 4 Field Work Phase Pages 12-19 Phase 5 Findings and Recommendations Pages 19-20 General Electric (GE) seems to be a very high profited company which seems to be growing in profitability based on the way they do business and how they train their employees to be the best at what they do. Based on the articles I have read GE prides itself in training and leading its employees to grow and mature. The culture seems very open to smart and talented business professionals. “If businesses managed their money as carelessly as they manage their people, most would go bankrupt.& The authors believe that for a CEO it is in your and your company's best interest to know what your employees are capable of. This is done by having a file on each employee - not just the basic information, but having interviews with colleagues and superiors. An example is the CEO of General Electric's appliance wing, Larry Johnston. When he decided to quit, the heads of General Electric knew exactly who the candidates were to replace him. On the same day General Electric announced his resignation they also announced his replacement. This is done through what Conaty explains as General Electric's Operating System which has three main phases: people; strategy; and operations...
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...Course Project General Electric (GE) Table of Contents Phase 1 Initial Survey and Engagement Development Pages 1-4 Phase 2 Planning Phase Pages 4-8 Phase 3 Work Program Phase Pages 8-12 Phase 4 Field Work Phase Pages 12-19 Phase 5 Findings and Recommendations Pages 19-20 General Electric (GE) seems to be a very high profited company which seems to be growing in profitability based on the way they do business and how they train their employees to be the best at what they do. Based on the articles I have read GE prides itself in training and leading its employees to grow and mature. The culture seems very open to smart and talented business professionals. “If businesses managed their money as carelessly as they manage their people, most would go bankrupt.& The authors believe that for a CEO it is in your and your company's best interest to know what your employees are capable of. This is done by having a file on each employee - not just the basic information, but having interviews with colleagues and superiors. An example is the CEO of General Electric's appliance wing, Larry Johnston. When he decided to quit, the heads of General Electric knew exactly who the candidates were to replace him. On the same day General Electric announced his resignation they also announced his replacement. This is done through what Conaty explains as General Electric's Operating System which has three main phases: people; strategy; and operations and budgets.” (2)...
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...the General Electric Company INTRODUCTION The General Electric Company (GE) is ranked among Fortune 500 as the 6th largest firm in the U.S. by gross profit as well as the 14th most profitable, #7 for executives, #5 best global brand, #82 green companies, #13 most respected companies and #19 most innovated firms. GE divisions include GE Capital, GE Energy, GE Technology Infrastructure and GE Home and Business Solutions. Through these divisions, GE is able to participate in a wide variety of markets, from industrial to lending and insurance. It sells a variety of products like lighting, industrial automation, medical imaging, motors, railway locomotives, jet engines and transmission/distribution of electricity. The company is headquartered in Fairfield, Connecticut and incorporated in Schenectady, New York. It employed 301,000 (131,000 in the U.S.) people as of December 2011. (http://www.ge.com/ar2011/pdf/GE-20120224-10K-20111231.pdf) The company recorded revenues of $142.24 billion during the financial year ended December 2011 (FY2011) this is a 4.58% decrease from FY2010. The decrease in net sales for FY2011 reflects the impact of the current economy here in the U.S. The operating profit of the company was $14.07 billion in FY2011, an increase of 8.9% over 2010. The net profit was $1.45 billion in FY2011. (http://www.marketwatch.com/investing/stock/ge/financials) HISTORY OF THE COMPANY GE was founded in 1878 by Thomas Edison in Menlo Park, NJ. In 1890 Edison started...
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...Study Case from Modern Banking by Shelagh Heffernan - Kidder Peabody Group – ‘‘But Leo’’, said Alan Horrvich, a third-year financial analyst at General Electric Capital Corporation (GECC) in September 1987: ‘‘I don’t know anything about investment banking. If I walk in there with a lot of amateurish ideas for what he ought to do with Kidder, Cathart will rip me apart. OK, you’re the boss, but why me?’’ ‘‘Look Alan’’, replied Mr Leo Halaran, Senior Vice-President, Finance of GECC: ‘‘we’ve got ten thousand things going on here right now and Cathart calls up and says, very politely, that he wants somebody very bright to work with him on a strategic review of Kidder Peabody. You’re bright, you spent a semester in the specialised finance MBA programme at City University Business School in London, you earned that fancy MBA from New York University down there in Wall Street, and you are available right now, so you’re our man. Relax, Si isn’t all that tough. If you make it through the first few weeks without getting sent back, you’ve got a friend for life. . .’’, he ended with a grin. ‘‘Me.’’ Mr Silas S. Cathart, 61, had retired as Chairman and CEO of Illinois Tool Works in 1986. He had been a director of the General Electric Company for many years and was much admired as a first-rate, tough though diplomatic results-oriented man- ager. After the resignation of Mr Ralph DeNunzio as Chairman and CEO of Kidder Peabody following the management shake-up...
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... Indian CA Languages: English, Hindi, Gujarati USA 92301 Date of Birth: September 25th 1983 Mobile: 0413232560 OBJECTIVE: Seeking a mutually rewarding position in accountancy & finance, which will utilise my skills and ability and provide a room for personal growth. SUMMARY: Ability to pay attention to the details. Strong organisational methods. Well developed interpersonal skills. Effective as a team member and comfortable in leading one. Self motivated and determine. EMPLOYMENT AJ GROCERY ( Australia) Working as part time, doing customer service sell of the goods to the customer taking cash. GE CAPITAL (CUSTOMER SERVICE) (CARDS UNDERWRITING) – U.K March 2007 – February 2008 GE capital bank/ GE Money, as card underwriter associate. My main responsibilities are checking customers credit history, taking decision about credit limit. Also I got authority to accept or decline application. My team leader name was Linda Brook My main duty was to handle the call of the high street store and check the credit history of the customer and issue them the store card or the master card if there credit rating are fine. Halifax plc (HBOS)(May 2006 –May 2007) Administrator – U.K I was appointed as administrator where I have to do Scaning and sorting the documents and also working with other departments like data enty, microfilming as a part of the administration work. Orange (September 2004...
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...future? The firm’s strategy for future is to divest consumer-facing assets because of the volatile and highly competitive nature of the consumer facing business, and acquire and boost commercial- facing assets. 3. How does General Electric intend to grow? Does if grow through acquisitions? Yes, the firm grows through acquisitions. Its much-awaited “Alstom” acquisition is set to close halfway through the campaign. The firm’s strategic growth model focuses on building global relationships with sponsors, vendors, Original Equipment Manufacturers (OEM’s), and global mid-market corps. Expanding product franchising is also another key aspect of their model. The firm expects a growth in its EPS in both 2015 and 2016 even as it repositions GE capital and expects gains to equal restructuring. 4. What is General Electric’s competitive environment? Who are its main competitors? The worldwide competition in aircraft jet engines and MRO (including parts sales) is intense. Both U.S. and export markets are important. Product development cycles are long...
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...rightfully forced some changes in the deal structure. To win the approval from the French government, GE’s newest proposition involved setting up joint ventures in renewable energy, electricity grid equipment and nuclear power. In fact, the value of the stakes Alstom will own in the three joint ventures is estimated to be about €2.6bn which means that the net cash cost of the deal for GE is about €9.7bn. Moreover, the US and European regulators required the sell-off of part of the GE’s turbine business to the Italian Ansaldo Energia in order to keep the market competitive. Before GE got the “green light” from Paris, there was lot of competition between GE and the joint offer of Siemens and Mitsubishi Heavy Industries for the acquisition of Alstom, even though the board of Alstom favoured GE’s clear and simple offer. Moreover, GE promised to add about 1000 new jobs in France, where it has had large existing operations for decades. On the other hand, the government liked the fact that Mitsubishi-Siemens offer was based on forming a partnership and was not going to be a takeover. Finally, when GE modified its proposal, it won the war. About General Electric General Electric, headquartered in Fairfield, Connecticut (US), is a multinational leading corporation with a highly diversified business. General Electric is a key player in the...
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...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 have been recognized for their quality and the company is known for meeting customer-specific needs (General Electric, 2009). As a result, it has attracted numerous clients including corporations and government agencies and its competitive position is quite favorable. GE is the biggest lender in many of the countries where it invests with exception of the United States (Hurbert, 2007). Its power generation equipment generates a quarter of the world's electricity everyday. Excellent Management: GE utilizes a unique management style, whereby business operations are divided into business units. Each business unit plays a distinct role within the company and has its own independent management. Examples include GE Commercial Finance, GE Equipment Services, GE Energy, GE Insurance, and GE Consumer Finance among others. This kind of management style increases productivity due to the high level of accountability and efficiency that business unit managers are expected to maintain. Diversified...
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...1. What are some of the difficulties expatriate employees such as Anne Wallace experience when working in a foreign country? There are many difficulties that employees would face when working in a different country from their own, but we would like to focus on two main points that we feel effect employees like Anne the most. The cultural and language adjustments, first of all, would be a big thing. Even though Anne did know some French, it wasn’t exactly the same, just as English in different places isn’t quite the same. Without more extensive knowledge of the language to where a person is being re-located, simply adjusting to everyday life (such as grocery shopping) can be difficult, let alone a specific work environment. With the language comes the culture in some ways, and being accustomed to a certain way of living your life just to have it completely change is a huge adjustment. Home sickness as well can play a huge factor when it comes to how comfortable you are in a new place as well. Because you would (most likely) have far less of a support system in this new country, there would be no one to understand what you’re going and to help you out. That isn’t to say that you’d be completely cut off of course, but talking on the phone isn’t the same as in person. This would be especially difficult around the holidays when all of your coworkers are going out with their families to celebrate and yours are all a long plane ride away. 2. What assistance might Universal Telesystems...
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...her world, where she got her medical training, "all children are supposed to grow up" with only a few exceptions to the rule (p.104). My intent is to confirm that Canada has a similar group of people living in poverty and poor health, and that the problems of India exist in our first world country too. I will do this by identifying the poorest people of each country and show how each group suffers from social and economic exclusion. I will also clarify how the health of each group suffers, and demonstrate how these groups are marginalized. Social exclusion can be defined as, 'the process through which individuals or groups are wholly or partially excluded from full participation in the society within which they live' (Thorat, 2007, n.p.). Dalits (formerly known as the 'Untouchables'), of India and most of the Natives (ironically, they are also known as North American Indians) of Canada live under adverse conditions and poverty. In India the Dalits are the poorest of the poor. They have been kept from getting an education and from possessing land. They are left to do the heavy manual labour, and menial jobs for survival (Azad, n.d., n.p.). When they are employed, they receive lower wages than other castes. Dalits have a poverty rate of 35 percent compared with 15 percent in other castes (Thorat, 2007, n.p.). In Canada, the First Nations are some of the poorest in the country. They have always been wards of the federal government, living on reserve land to which they have no...
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...changing and therefore also influencing PepsiCo’s operations. Environmental changes which are not directly involved with the company but do influence it can be put in six categories: economic, technological, political, cultural, natural and international changes. These changes and their influence on PepsiCo Canada are described per category. Management R. L. Draft, M. Kendrick, N. Vershinina, the general environment page 85-91. Economic In March 2012 Canada’s economy was ranked 11th of the world with a GDP of $1,759 billion. Canada is a wealthy nation with a very high standard of living and is also one of the world’s top trading nations. Since the 2008 world financial crisis Canada has emerged as one of the strongest developed economies in the world. The GDP growth of Canada in 2010 was more than 3% even though most of the World’s Western countries were in an economic recession. The stability of the Canadian economy even during a World financial crisis makes Canada a great country to operate in for a multinational like PepsiCo. http://www.rediff.com/business/slide-show/slide-show-1-worlds-20-economic-superpowers/20120312.htm http://www.economywatch.com/world_economy/canada/?page=full Technological The last decade many technological advancements and new innovations have been implemented in people’s life. This is also greatly affecting businesses. Internet, mobile phones and interactive TV are just examples of the many changes in technology that have occurred in the last...
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...employ chemical weapons. He was suffering from mustard gas burns. After the war between Canada and Germany. Trenches: The trenches are holes (8 to 10 feet in many areas) dug by soldiers to protect themselves from the enemy in WWI. They were designed as three lines. The front line directly faced the enemy; the space in between the front lines of the defenders and the attackers is known as “No Man’s Land” were usually the dead bodies are during the war. Behind the front line is the “Second Line” which was used if the front line was captured by the enemy. Usually there is a third line that is 1km away from the front line towards safety. In the trenches, there was living quarters, kitchens, hospitals and dugouts of all sorts, which were essentially caves dug into the back side of the trench. The trenches were necessary when two armies face a stalemate, with neither side able to win and overtake the other. The Machine Gun: The machine gun was one of the most feared weapons used in WWI. They were mostly used in WWI to kill as much people as possible. Machine guns are an automatic gun that fires bullets in rapid succession for as long as the trigger is pressed. Their guns needed 4-6 soldiers to work them and they had to be on a flat surface. Each shot of the machine gun would load the next shot, and this action could be repeated very quickly. They were used by everyone in the war, including Canada, although the Germans used them to its best advantage. The Germans considered the...
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...When we hear the word ‘British’ we automatically assume they would be white fair-skinned people like the Royal Family. However due to immigration, Britain is now a multicultural country with people all over the world. This makes it harder and problematic to define ‘Britishness.’ Firstly defining ‘Britishness’ can be problematic because some people may have a British passport but that doesn’t mean that they are British. This is because they may have a different mother tongue other than English and most importantly they are brought up differently with different culture and tradition. Secondly there is no law that restricts or stops you from being citizens in more than one country. This makes it even harder because this person could choose depending on how they feel. Thirdly this person may live in the United Kingdom but for some reasons they don’t want to be here or even meant to be here such as refugees or asylum seekers. This makes it hard to define Britishness because although they are in the country but that doesn’t mean they are part of this country. Lastly a person who is stereotypically white and can speak English doesn’t necessarily mean that they are British. This makes it hard to define ‘Britishness’ because English is a widely spoken language around the world. So many people can speak fluent English, not just people in United Kingdom can. To conclude, defining ‘Britishness’ is problematic because of the reasons I have stated above. Having a British...
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...Marketing Plan for Canada Emily Bosela, Paul Emig, Stephanie Fazio, Kara Stiger Executive Summary Udderly Smooth has been in business for 30 years located in Salem, Ohio. Udderly Smooth is ready to take their product internationally starting with Canada. Udderly Smooth wants to target the active consumers who enjoy the outdoors and individuals who suffer from skin conditions. The SWOT analysis contains the strength, weaknesses, opportunities, and threats for our product to enter the market. Starting out Udderly Smooth will have a slow start to introduce the product and focusing on advertising costs. There will be very little product adaptation, but there will be some minor adjustments that may help their product sell quickly Udderly Smooth plans on using print advertising and local events to get our product out there. For distribution, Udderly Smooth plans on starting out in the homeland of Salem, Ohio. The best method for transporting Udderly Smooth to Canada would be by truck or by plane. Luckily, there is no modification to packaging necessary. This marketing plan will explain why Udderly Smooth is perfect for the Canadian market. It will breakdown every aspect step by step from promoting, distributing, pricing, and selling. Udderly Smooth is targeting a great market with a lot of potential for a lot of sales growth. Canada has a lot of opportunity for Udderly Smooth to be a successful wealthy company. A family owned and operated corporation, Redex Industries has...
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