...| 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 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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...selecting the most appropriate layout, implementing the production plan, and controlling the production process. Managers are also responsible for maintaining quality control and ensuring that goods or services that they provide meet the customers expectations (Boone 2011). General Electric is a major household brand that revamped and reformed their production and operations management. In 1890, Thomas Edison established the Edison General Electric Company to be able to bring together his various businesses. During that same period, a competitor company, Thomson-Houston Company, became a dominant innovation company. As both businesses expanded and grew it became more difficult for both companies to produce complete electrical installations relying solely on their own patents and technologies. In 1892, the two companies merged together and created a new organization called the General Electric Company. The first General Electric Appliance was an electric fan that was produced at the Ft. Wayne electric works as early as the 1890s. A full line of heating and cooking devices were developed in 1907. General Electric’s leaders have built the brand based on a diverse portfolio of leading businesses, powerful company-wide initiatives that drives growth and reduce costs, financial strength that allows it to capitalize on opportunities, and a set of...
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...General Electric General Electric (GE), the producer of countless consumer goods in the 1980’s had been boycotted by INFACT (Infant Formula Action Coalition). The boycott against General Electric came upon the company when the company became involved with the military. For the boycott, INFACT wants to put pressure on GE for the involvement of the production of missiles, weapons, and military supplies. Though in the 1990’s a documentary Deadly Deception: General Electric, Nuclear Weapons, and Our Environment (General Electric, 2010, para.2) had won an Academy Award, though this did help to stop most of the boycotts. Throughout the 1990’s, GE was still being charged with dumping waste materials into the Hudson River in New York. “According to a 2002 study, GE is a “repeat offender” in misconduct among the government’s top contractors.” (General Electric, 2010, para.3). The charges that are against GE are environmental harm, fraud, employment discrimination, and poor safety conditions. Though GE feels the charges and the media has damaged the company. For this reason and many others, customers or ethical buyers will not shop through GE, boycotting is what he or she will continue to do. General Electric is ranked over the years as a well admired company though. According to Ethical Corporation, “Two years after launching Ecomagination – which the company describes as “an aggressive, long-term initiative to bring new technologies to market that help meet the world’s...
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...GE’s Two-decade Transformation: Jack Welch’s Leadership « We Bring Good Things To Life ». This is how General Electric (GE) defined its activity, in general terms, between 1979 and 2003. During this period, and more precisely from 1981 to 2001, Jack Welch was the company’s CEO. This previous advertising slogan, designed by the advertising firm BBDO, largely contributed to GE corporate identity; indeed, according to Baer Performance Marketing, “When you hear the name General Electric, […] “We Bring Good Things to Life” is also brought to mind” (baerpm.com). Furthermore, it didn’t have for only purpose to promote the firm’s products and services, but it also emphasized their high quality, and as a result, it highlighted GE’s will to improve consumers’ lives. In other words, the slogan had more than communication purposes: it would lead the entire process of value creation; it summed GE’s strategy up. General Electric was created by a merge between two electricity-related companies – Edison General Electric Company and Thomson-Houston Electric Company, in 1892, from Thomas Edison and Charles Coffin initiative. Widely considered as one of the most successful corporations of the 20th century, recognized by Fortune to be the “Most Admired Company in the United States” and named Financial Times’ “Most Admired Company in the World” in 2001, the firm has dramatically grown from a merge between two electricity enterprises to an American multinational conglomerate corporation...
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...Cultural Assessment of General Electric Learning Team A Human Relations and Organizational Behavior March 14, 2005 Cultural Assessment of General Electric The 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 with a formalized set of values and action verbs, which guide the organization (GE, 2005). In lieu of a corporate mission statement, GE identifies its key strategies and initiatives in its annual Letter to Stakeholders (GE, 2004). The corporate office maintains a distinct presence among its sprawling empire. This empire is composed of a worldwide workforce, which is involved in a myriad of activities. To lead this powerful organization, management is trained and indoctrinated into the GE culture. The myths, and legends, surrounding General Electric, lend to the cultural identity shared by the entire workforce. Training, organization, and structure are established and maintained through several processes, and programs, which contribute to GE’s cultural identity. General Electric’s leadership...
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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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...General Electric April 1, 2005 Benjamin Stokes: April Harris: Chase Kochwelp: Will Whitsitt: unclebenny223@yahoo.com Krzape@hotmail.com fijick@hotmail.com William.G.Whitsitt@ttu.edu -2- TABLE OF CONTENTS Executive Summary.................................................. 4 Business & Industry Analysis................................... 6 Industry Overview ........................................................ 6 Five Forces Model.......................................................... 8 Industry Analysis ..........................................................14 Key Success Factor………………...................................... 15 Accounting Analysis ................................................ 19 Accounting Analysis Steps .........................................…..19 Screening Ratios ........................................................ .28 Ratio Analysis & Forecast Financials....................….31 Financial Ratio Analysis.........................................…..... 31 Cross Sectional (Benchmark) Analysis ................……..... 32 Financial Statement Forecasting Methodology……....….... 51 Valuations Analysis..................................................52 Method of Comparables............................................... 53 Calculation of WAAC and Cost of Equity……………………….56 Altman’s Z-score……………………………………………………….57 Discounted Dividends.............…………………………………. 58 Abnormal Growth Earnings......................................... 59 Discounted...
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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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...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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...|- | |1879 | |[[Thomson-Houston Electric Company|Thomson-Houston]] formed | |- | |1890 | |[[Edison General Electric Company|Edison General Electric]] formed | |- | |1892 | |Edison General Electric and [[Thomson-Houston Electric Company|Thomson-Houston]] merge to become [[General Electric|The General Electric Company]] | |- | |1892 | |[[Charles A. Coffin]] becomes the first President of General Electric | |- | |1893 | |[[Thomson SA|Compagnie Française Thomson-Houston]], a sister company to General Electric which would become Thomson, formed in Paris | |- | |1896 | |General Electric made a component of the [[Dow Jones Industrial Average]] | |- | |1905 | |The Electric Bond and Share Co., the forerunner of [[GE Commercial Finance]] is formed, with the goal of providing financing to small utility companies<ref name="ge_flash_history">[http://www.ge.com/innovation/FLASH/timeline.html General Electric official history]</ref> | |- | |1911 | |National Electric Lamp Company (NELA) is absorbed into General Electric's existing lighting business and GE establishes its lighting division headquarters at [[Nela Park]], the world's first industrial park, in [[East Cleveland, Ohio]] | |- | |1912 | |General Electric begins using [[phenolic resin]]s to mold plastic parts<ref name="ge_flash_history" /> | |- | |1913 | |[[Charles A. Coffin]] becomes the first Chairman of General Electric | |- | |1913 | |[[Edwin Rice]]...
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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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...GE Oil and Gas General Electric is a diversified industrial corporation. The company maintains a huge variety of products and services such as aircraft engines, oil and gas production equipment, power generation, household appliances, medical imaging, business and consumer financing and industrial products. The company primarily operates in North America, Europe, Asia, South America, Australia and Africa. GE headquarters is located in Fairfield, Connecticut and employs approximately 307,000 people (General Electronic SWOT Analysis, 2014). GE’s oil and gas business has been the focal point of the company for the last few years; at least since 2011. The company has put together a $17 billion division to take advantage of global demand for new energy resources. GE has built up its oil and gas business by doing more than $14 billion worth of acquisitions since 2007 and putting one of its most promising young executives, Lorenzo Simonelli, in charge of the unit. According to Simonelli, the current plunge in oil prices is giving GE cause to question if they should switch focus onto one of its other businesses. The oil’s plunge to approximately $60 a barrel from $100 a barrel has thrown the company’s economic assumptions into question. (www.wsj.com). Oil & Gas is GE’s fastest growing business. It competes in high-growth markets and creates products like the recently launched first subsea compressor that utilizes GE’s broad technical capabilities. Measurement and Control, a division...
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...General Electric Everybody has heard of Thomas Edison, the inventor of the light bulb and the man who discovered electricity. General Electric started when a man by the name of Charles A. Coffin started a company called Thomson-Houston and they made different technology for the time, and were the main competitors for Thomas Edison. Over time, both companies couldn’t compete with each other’s different patents and inventions, so they eventually merged in the year 1892. Since the time that the two companies merged, it has become more than evident that General Electric is the number one company of its kind in the world. General Electric was sought out by the United States Government to create the first aircraft engine ‘booster’. After that, Thomas Edison began experimenting with plastic filaments for the light bulb, which led to General Electric creating the plastics department. General Electric is still expanding today and showing no signs of slowing down. They have recently purchased a company called Dresser, which is basically a company that tests different items and makes sure that they are not only working efficiently, but also working to make sure that they are using the least amount of energy possible. General Electric is also looking to expand in China, and recently signed a $700,000,000 contract with Saudi Arabia to experiment and use wind energy. I think that with all of the expansion that General Electric is doing, that their stock prices should rise. I believe...
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...Tudor C. Baja Hugh W. Judd MGMT 320 10/17/2013 General Electric under Jack Welch A top 10 Fortune 500 company in 2013, General Electric is expected by many to display significant responsibility towards its surrounding environment and society. Taken over by John Francis Welch in 1981, GE developed from a profitable manufacturing company to an immensely profitable company that revolved its activities mostly around the provision of services, during his 20-year tenure. Even though a corporation has a number of duties it should carry out in order for it to be considered responsible—and GE had many--the fact remains that its first and most important duty is to be as profitable as possible; thus, the Welch era GE did fulfill its duty, although certainly not entirely or up to the best of its capabilities. This is exemplified by the fact that, by the end of his tenure, earnings per share raised from $0.46 to $1.07; in the 10 year period following his retirement, the same earnings decreased by 54%. One of the main issues Welch’s critics have with his leadership methods refer to the losses of jobs that occurred while he was the CEO of the company, around 120,000. However, these were the result of his emphasis on efficiency and performance as well as a global approach to business that would reduce production costs. Given a highly competitive marketplace, his actions should certainly be understandable. Undoubtedly, the demeanor GE displayed under Welch can be perceived as an...
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