...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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...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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... 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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...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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...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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...Today’s Workout: __________________________________________________ Notes: __________________________________________________________ ■ ■ NAILED IT BARELY MADE IT REMINDER: Take your “before” photo and enter your stats on the measurement chart located in the Quick-Start Guide or on p. 12 of this journal. • Day 2 “It’s 25 minutes to change your life, so just push through.” Today’s Workout: __________________________________________________ Notes: __________________________________________________________ • Day 3 Notes: __________________________________________________________ BARELY MADE IT ■ ■ NAILED IT BARELY MADE IT “It ain’t easy, but it’s worth it.” Today’s Workout: __________________________________________________ Notes: __________________________________________________________ • Day 5 NAILED IT “Today is about progress, not perfection.” Today’s Workout: __________________________________________________ • Day 4 ■ ■ ■ ■ NAILED IT BARELY MADE IT “First Double Day! Do your best and don’t quit!” Notes: __________________________________________________________ ■ ■ NAILED IT Today’s Workouts: _________________________________________________ BARELY MADE IT Week 1 Weight Waist Chest • ■ ■ NAILED IT BARELY MADE IT STATURDAY Thigh Arm 2 ALPHA CYCLE • Day 1 • Week 2 “Weekend is over, now it’s T-time. Let’s get into it.” Today’s Workout: __________________________________________________ ...
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...of the new you. Make every second count.” Today’s Workout: __________________________________________________ Notes: __________________________________________________________ • DAY 2 NAILED IT BARELY MADE IT REMINDER: Take your “before” photo and enter your stats on the measurement chart located in the Quick-Start Guide or on p. 12 of this journal. “It’s 25 minutes to change your life, so just push through.” Today’s Workout: __________________________________________________ Notes: __________________________________________________________ NAILED IT BARELY MADE IT • DAY 3 “Today is about progress, not perfection.” Today’s Workout: __________________________________________________ Notes: __________________________________________________________ NAILED IT BARELY MADE IT • DAY 4 “It ain’t easy, but it’s worth it.” Today’s Workout: __________________________________________________ Notes: __________________________________________________________ NAILED IT BARELY MADE IT • DAY 5 “First Double Day! Do your best and don’t quit!” NAILED IT BARELY MADE IT Today’s Workouts: _________________________________________________ Notes: __________________________________________________________ NAILED IT BARELY MADE IT WEEK 1 Weight Chest Waist Arm • STATURDAY Thigh 2 ALPHA CYCLE • DAY 1 • WEEK 2 “Weekend is over, now it’s T-time. Let’s get into it.” Today’s Workout: __________________________________________________...
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...for a treadmill? Below is a review of 10 quality treadmill options than span the spectrum, from the intensity of a competitive athlete workout, to the novice beginner. Sole F85 With the industry’s best warranty, you will immediately notice the solid stability and workmanship of the Sole F85. It has one of the highest user weight limits making it an outstanding selection for big people looking for a sturdy piece of equipment. Stability is only one of the features makes the F85 so appealing. A wide tread platform of 22 inches by 60 inches gives runners...
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...resting, the athlete will regain strength and his/her muscles will have built back up within the first week or so. Light workout would be expected to stay in shape, as well as not totally falling off some sort of eating schedule or plan. The athlete may begin some sort of cross training program to add a variety to training. However cross training should no longer be in the athletes workout plan prior to preseason because it is not necessarily sport specific. Preparatory Period: The preparatory season is the official off season for the athlete. For the first several weeks, the athlete will be in some sort of an endurance phase. Meaning whatever workouts they are participating in, they should aim to do low intensity and high volume. So for instance in the weight room they should be doing low weight with a higher amount of reps. Doing so allows for development of endurance base. Following the endurance phase should come the strength phase. This phase is a time where in the weight room the athlete would begin to add weight and lower the repetitions. This phase probably would not consist of as much cardio as the endurance phase depending on the sport and/or position. The third phase of the preparatory period is the power phase. The power phase is a time where the athlete would start doing heavy weight in the weight room or workouts and low reps, higher intensity workouts to start getting into competition shape. Volume is decreased to allow adequate recovery time. Competition Period: This...
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...constantly did the same workouts, didn’t seem to see any new results. This is why elite trainer Tony Horton created P90X. Horton spent over 20 years in becoming an expert in various areas of fitness. Many call him the “Master of Motivation”, and others that are moved by him include movie stars, professional athletes, and normal people who want amazing bodies. Due to his vast knowledge and skills developed in this concept, he created the number one best-selling home fitness program. P90X is a 90-day home fitness system which is designed to get you in shape. The program includes 12 intense workouts that use resistance and body-weight training, cardio, plyometric, ab work, martial arts and yoga, along with a nutrition plan, fitness guide and workout calendar. The real secret behind P90X is the muscle confusion. The program uses target training phases to allow the body to keep adapting and growing on the workouts. There is a “plateau” that happens whenever a person keeps on doing the same workouts which the body already adapted to and that causes the body not to show any new results. Unlike the same old workout machines used at the gym, the P90X will keep your guessing and it won’t let your body get used to the workouts. When the muscle confusion occurs, your body won’t slow down or stop showing improvements. Some of the workouts in the program include short training cycles which challenge your muscles with intensity and variety at the same time. Also the workouts maximize the fat burning...
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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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...Leadership Leadership is the process of influencing an organised group towards accomplishing its goals (Hughes, Ginnett & Curphy 2015). It is a processed approach of achieving the goals and objectives of an organisation through people. Leadership mind sets are profoundly influenced by culture and in many ways mirror the environment. Leaders are usually projected to see the "big picture" in the organization and are stimulated to direct the relations, interdependence among people, activities, functions and tasks Workout brings large groups of employees and managers from different levels and functions of the company together to address problems. In the case study of General Electric Workout the CEO Jack Welch appeared to be a transformational leader. His main goal was to make GE the world’s most competitive enterprise, he knew that it would take nothing less than a revolution to transform that dream into a reality. Theorist James McGregor Burns describes transformational leadership as a leadership approach that causes change in individuals and social systems. In its ideal form, it creates valuable and positive change in the followers with the end goal of developing followers into leaders. Mr. Welch’s leadership style had a component of commitment, honesty, credibility, intuition, aggression and customer oriented. He was very meticulous and monitored the elements which he assumed were of leadership traits. Mr. Welch believed that a true leader is one who portrays strong dynamism...
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...[pic] Georgia Gwinnett College School of Science and Technology Cardio Kickboxing PHED 1090-08 Term and Year: Fall 2012 Professor: Mona Smith, MEd Office: I 2134 Open Door Times: By mutual agreement of the student and the instructor Professor’s Contacts: msmith11@ggc.edu, or preferably through D2L 678-429-2556 (cell) Prerequisites: None Course Location: F-2104, Aerobics room Meeting Time: Thursday 3:30-4:45 pm Course Description: This course will teach students the proper technique and fundamentals for cardio kickboxing and introduce them to a new form of lifetime aerobic activity, utilizing punches and kicks as well as improving their physical fitness. This course will also address all of the five components of fitness. Required Textbook: No required textbook. Course Format: Each class meeting will follow the format below: ▪ Introduction to basic skills, lecture on various material: 10 minutes ▪ Stretching/Warm-up: 10 minutes ▪ Cardio based activity: 45 minutes ▪ Cool Down/ Stretching: 10 minutes . Grading Scale: A 90 – 100 (Excellent) B 80 – 89 (Good) C 70 – 79 (Fair) D 60 – 69 (Poor) F below 60 (Failure) |Assignment ...
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