...security technology, medical imaging, business and consumer financing, media content and industrial products. The company operates through eight segments: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances & Lighting and GE Capital. The Power & Water segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Energy Management segment designs technology solutions for the delivery, management, conversion and optimization of electrical power for customers across multiple energy-intensive industries. The Aviation segment products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications; and for executive and regional aircraft. The Healthcare segment products include diagnostic imaging systems such as magnetic resonance, computed tomography and positron emission Tomography scanners, X-ray, nuclear imaging, digital...
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...| GENERAL ELECTRIC (GE) | | | To review the company, General Electric (GE) supply chain and its components. Show how expansion within a company can be profitable over time. | General Electric also known as GE has been around for many years. GE is a global company that provides a variety of products in the United States and abroad. The company started in 1900 in a barn and they have been much more advanced as the years have progressed (Heritage of research, 2012). GE has more than 3000 employees working in research facilities throughout the United States, India, China, and Germany (Heritage of research, 2012). Through the years, the company has won several Nobel prizes and other awards for the remarkable research they have performed over the years and they are not completed yet (Heritage of research, 2012). GE has many subsidiary companies and therefore has broaden their initial company from just electrical and appliance to healthcare equipment and even aircraft technology (Product & services, 2012). The six elements of the supply chain strategy are leverage, communications, efficiency, innovation, risk management, and continuous improvement (The 6 Elements of Supply Chain Strategy, 2012). When viewing a section of GE under GE Healthcare, they handle supply chain a little differently. They look more into working with the community because GE’s goal overall it to make money but do it the proper way and make a difference in the work that...
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...General Electric Company Report Introduction General Electric is a massive conglomerate with power that extends through every sector of the economy. The company was formed in 1892 when the company of Thomas Edison, Edison General Electric Company, merged with the other successful manufacturer of electric light, Thomas-Houston Company. “From the invention of the first practical incandescent light bulb to building America’s first Central Power Station, the GE tradition of life-changing innovations was underway. With power and light, GE provided the basis of modern life, quickly redefining everything from the length of the day to our knowledge of the human body through the development of the first X-ray machine” (History) [citation should refer to GE]. This company is so expansive that every part of our lives involves a product or service by General Electric and this brings up a very vital question: what is the external environment and strategy of a company so large? How are they so successful at what they do? In our analysis, we have determined that if companies want to emulate General Electric's success, they must be willing to change their management approach in accordance to changes in the external business environment. General Electric's overall management of its company has changed several times, but most notably from the time Jack Welch was CEO to the time Jeff Immelt became CEO. The backbone of any company is their mission statement, as it is what keeps a company...
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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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...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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...General Electric Company (GE) Company Overview Describe the company in general and how it operates, and the market. General Electric is a well-diversified infrastructure, media and finance company taking on the world’s roughest challenges and obstacles. General Electric is currently comprised of six distinct divisions. GE Technology Infrastructure develops technologies for transportation infrastructures. This segment includes GE Aviation, which produces and sells jet engines and other parts for military and commercial aircraft. GE Transportation provides technological parts, such as locomotives and engines, to the railroad, marine, and transit industries. GE Water manufactures pumps, filters, and other equipment needed in water treatment and desalination systems. GE Healthcare is a subunit of GE Technology Infrastructure that offers healthcare and medical-related services and goods. The division manufactures and services a range of medical equipment including CT, PET, MRI, nuclear, and X-ray imaging. GE Energy Infrastructure segment manufactures equipment for energy companies. GE Energy sells energy technologies such as gas turbines, generators, and steam turbines to power companies and industrial plants. GE Oil and Gas supplies equipment such as drilling systems, floating production platforms, compressors, and turbines for the oil and natural gas industry. Oil and Gas is one segment the company would like to expand, aiming to double its revenue to $15 billion by 2014...
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...I selected General Electric (GE), because I work in medical capital equipment field where I compete against GE in their Healthcare sector. GE is consistently ranked as one of the world’s leading corporations. GE provides capital, expertise and infrastructure for a global economy. GE Capital provided billions in financing, so businesses could build and grow their operations and consumers could build their financial futures. GE build appliances, lighting, power systems and other products that help millions of homes, offices, factories and retail facilities around the world work better. GE also helps to deliver a quarter of the world’s electricity. Being one of the largest clean energy companies in the world, they deliver innovation from an integrated wind, solar and natural gas projects, to smart grids that help utilities manage electricity demand, to gas engines that run on organic waste, to more accessible charging stations for electric vehicles. GE makes the world’s largest jet engine—and among the world’s most efficient. They also build locomotives that reduce emissions and provide advanced air traffic and rail freight management systems. GE’s top strategic priority has been to build a strong, competitively advantaged infrastructure business that grows ahead of their peers. For a large global infrastructure company like GE, these are a few major issues they face. Today we are living in a tough era, in which the public dialogue, in general, is negative economic progress...
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...Overview of Organization: I am choosing the real time organization I am working in for my project, GE Healthcare is a one of the top three organization in to provide healthcare diagnosis equipment in the world , this organization is more than 10 decades old and is pioneer in implementing Six sigma in the all an every SDL of the operation. The headquarter of GE Healthcare is in Milwaukee, WI and has world biggest Distribution Center in Carol Stream, IL where we have $200 million of inventory and this distribution center run 24/7. GE is real term global organization has great leadership and wide range and very diversified in business model. GE also doing very good in Aviation, Energy, Financial sector, Manufacturing, Bio-Science and most interesting part of this organization in every wing of business is operated by same set of business strategy and I have seen a lot movement of leadership within the organization just to drive the moment of one common rules of operation. Quality is the prime focus area of GE and being said that, My Role: As a Quality assurance my job is to outline procedures to place orders with different vendors for GE Healthcare Inventory. Responsible for conducting analysis of inventory, ordering and return process to update changes and identify opportunities for improvement. Create metrics to measure the accuracy of Purchase Order Entries. Provide documented feedback for corrective actions towards the process improvements, process mapping to increase efficiency...
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...General Electric Case Study Company Overview Bryan Sitka SUNY Empire General Electric Case Study Company Overview According to their website, General Electric, also known as GE, is a multinational corporation who traces its beginnings to Thomas Edison who in 1878, created Edison Electric Light Company. In 1892, Edison Electric Light and Thomas-Houston Electric Company merged and created General Electric Company. GE is headquartered in Fairfield, Connecticut, but has operations all over the globe in more than 170 countries. As of December 2013, GE employed 307,000 people worldwide. In 1900, General Electric created the first voice radio broadcast, changing the face of the speed of information sharing. Furthermore, the company is also credited with the creation of such things as the first electric toaster, as well as the first electric range oven. Needless to say, General Electric has been a pioneer in technological advancements that have reached nearly every corner of the world. According to the GE website, General Electric has moved into different industries in an attempt to broaden their overall reach and company profile. GE does business not only in the electric and lighting industry but also in aviation, Capital, Energy Management, Healthcare, Oil & Gas, Power & Water, and even transportation (General Electric Corp., 2015). General Electric has been a household name for generations, with light bulbs, electric fans, refrigerators and other appliances...
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...brief SWOT analysis (Strengths, Weaknesses, Opportunities, Threats). C.Discuss the factors it will need to predict, plan for, and adjust to in the future. INTRODUCTION GE is an American Multinational corporation established in 1892 by the amalgamation of Thomas Alva Edison’s Edison General Electric and Thomson-Houston Electric Company .GE at present operates at the same time in five varied business segment namely: Media (as NBC Universal in cable and film), Energy (e.g. oil and gas), Infrastructure (e.g. Aviation and Healthcare), Home and Business Solutions(Appliances platforms) and Finance ( as GE Capital commercial and consumer finance). GE now has businesses in about 160 countries and approx. 300,000 human resources worldwide. The company’s head office is situated at Connecticut, USA. General Electric is one of the world’s leading diversified business firm widely known for its high quality, advance and technical expertise, leadership, and brand name. Under Welch’s (CEO of the company) leadership, it has undergone enormous reorganization efforts (i.e. divestitures, acquisition, influential GE’s culture) – the support for its accomplishment today. As a international corporation GE has had a contentious history with view to air and water pollution late 1940s and had forever been a goal of condemnation from public...
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...not only works in the energy field, but in transportation and healthcare as well. The company has made a name for itself by providing high quality products. General Electric has been able to innovate and develop radiology equipment that has evolved with technology. The supply chain management for General Electric is an integral part in ensuring high quality is delivered to the customer in a timely manner. From idea conception, to planning, development, and delivery of product, General Electric makes sure that not only are their products a step above the competition, but also evolving as society’s needs continue to evolve. Imagination at work. Since 1878, General Electric (GE) has been one of the leading companies in innovating technology in appliances. GE continues to offer breakthrough technology not only in appliances, but in transportation, energy and in healthcare industries as well. This paper will analyze General Electric’s total quality management (TQM) processes with respect to the advances made by General Electric in the healthcare industry. Discussion will also be made about the impacts and advances General Electric has made to the healthcare industry. General Electric evolved from Thomas Edison’s home laboratory (General Electric Company, 2016a). In 1892, Thomas Edison’s company, Edison General Electric Company, merged with the Thomson-Houston Electric Company to form General Electric Company (General Electric Company, 2016a). GE manufactured many items...
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...operations - how and where the products/services are produced Description of marketing activities Where the company advertises and promotes its products/services The type of marketing the company emphasizes (newspaper, TV, magazine advertising, etc.) Identify where the company's corporate headquarters are located and how many people the company employs. History of the company (When was the company founded and by whom?) What are the major events in its history and when did they occur (major events pertain to key developments in the company's growth, major acquisitions/mergers, important crises, significant company changes) The first electric fans were early as the 1890s, heating and cooking devices were developed in 1907. GE Aircraft Engines actually began in 1917 when the U.S. government searched for companies to develop the firs airplane engines. Plastic...
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...In the United States General Electric (GE) asset management is one of the largest managers of institutional assets. It has more than 80 years of investment experience and manages more than $122 billion in assets (GE investor relations, 2010). The company’s money managers can access direct, real-time information from their partners who do business around the world. They gain insight and real-time intelligence on local economic conditions, political environment, local company insights, competitive trends, industry specific analysis, and market trends. With this ability the company has better assess to the investments of many of their companies and markets they follow. The company is a supplier, customer, and competitor in many industries. GE has a strong set of four global diverse businesses units operating in 160 different countries. These businesses include GE infrastructure, GE technology, GE capital NBC Universal, and GE energy infrastructure. The company meets essential world needs that include water, transportation, energy, health, access to money, media information, and environmental technologies. The company is well positioned in high-growth markets that include China, Brazil, India, and the Middle East. According to the GE investor relations website (2011), “GE Vice Chairman John Rice, who’s been in charge of GE’s core aviation, transportation and healthcare businesses, has now been tapped to oversee all of GE’s non-U.S. operations with particular emphasis on...
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...Dissertation REPORT ON IMAGINATION AT WORK For PARTIAL FULFILLMENT FOR THE AWARD OF THE DIPLOMA OF POST GRADUATE DIPLOMA IN MANAGEMENT (PGDM) SUBMITTED TO SUBMITTED BY Prof. (Dr.) Neeran Gautam Director, UIMS Mr. Amit Sinha Enrollment No. UIMS-PGDM-10-005 Batch: 2010-2012 [Type text] [Type text] PREFACE As a part of my syllabus of PGDM programme in Final year, I was assigned some Practical and theoretical project work. Study of management will be immaterial if it is not coupled with study of financial aspect of the business. It gives the student an opportunity to learn the connection between comparison & execution to test & verify application of theories & help in the comparison of management theories and practice. The study gives a chance to know about the profitability and financial position of the firm. I have chosen General Electrics which is a $14.2 Billion Global company in Information Technology Services, R&D Services, and Business Process Outsourcing. This report contains the analysis of the 8 years data of the company. In the Scenario Analysis of the company we have included the company’s industrial GDP, its Market Share, Market Capitalization, Market Growth, HR policy etc. some other reason of choosing this segment are; Highly versatile & innovation oriented sector Large number of employees are working Highly challenging job opportunities High growth opportunities Work on international project Platform to show the difference dimension...
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...General Electrics: Works with Cost Information Jennifer Ortega January 24, 2010 Professor Barbara Borg General Electrics: Works with Cost Information There are many publicly traded companies that you work with cost information. I believe one of them is the General Electrics or GE. GE was named by the Fortune magazine in 2001 as America’s “most admired company” and the Financial Times identified GE as the “world’s most respected company”. (Grant, 2004) General Electric was ranked as the fourth most recognized brand in the world last 2006, estimating the company’s worth to almost $49 billion (The 100 Top Brands) The General Electrics is currently a giant producer of highly modernized equipments including aircraft engines, transportation equipments, kitchen and laundry appliances, lighting, electric distribution and control equipment, generators and turbines, and medical imaging equipments. (General Electric Company) The company currently has a long rooster of the list of acquisitions and divestitures. Despite the success, the company also faces some risk and weakness. The famous Sir Thomas Edison opened a new laboratory in Menlo Park, New Jersey in 1876 where an incandescent electric lamp was invented. After such invention, Edison organized his various businesses into the Edison General Electric Company in 1890. Few years later in 1879, the rival Thomson-Houston Electric Company was formed by Elihu Thomson and Edwin J. Houston...
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