...Yve-Car Momperousse AEM 4420: Wednesday Section Report # 2 October 2, 2013 General Electric Medical Systems General Electric Medical Systems Divisions (GEMS), the world’s leading manufacturer of diagnostic imaging equipment and a subsidiary of General Electric (GE), has had years of success with its Global Product Company (GPC) concept. The GPC philosophy states that GEMS manufactures wherever in the world products could be carried out to GE’s standard in the most cost effective manner. However, the “In China for China” proposal by the head of GEMS China division, is causing the company to re-evaluate its global positioning strategy. China is the third largest market for medical diagnostics worldwide and is growing rapidly. Core markets are facing decade-long economic challenges and are unlikely to have the growth rates of China. In parallel, technological demands are ever present. The market demand is veering towards biochemistry. GEMS must decide if its growth strategy means focusing on the China market as part of its competitive advantage. GEMS has a number of strengths. Per the financial statements in the Exhibit 1, the company has the financial resources to invest in its desired growth strategy. Changing a corporate strategy often requires the cash flow to hire and train new talent as well cash to pay for capital and operating expenditures. GEMS has a global presence through its extensive sales and marketing organizations; thus, if there was a decision...
Words: 709 - Pages: 3
...Introduction Company description General Electric Co. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control and utilization of electricity. Its products and services include aircraft engines, power generation, water processing, 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...
Words: 1753 - Pages: 8
...Yomaira Fernandez Project General Electric I have chosen this company for the financial analysis because of few important and obvious reasons. First of all it is announced as one of the five most active companies of US by volume. This information is given in Bloomberg. Another reason for taking this company for analysis is that it is one of popularly known companies of the world and information and data of this company is easily available on internet for correct and desired access of information. After the financial analysis of General Electric, I have compared the performance of the companies with its close competitors. Major competitors with whom we will compare the performance of General Electric are Citigroup Inc, Koninklijke Philips Electronics, Siemens AG American Depositary, etc. Analysis of the profitability measures, liquidity measures, activity measures, and financial leverage measures will assist in determining the GE’s performance. Beginning with the profitability measures, the remainder of items that show profitability will be discussed along with stock analysis. Using the DuPont model, GE's Return on Investment (ROI) is 3.07 percent compared to the 4.6 percent industry ROI. Although this number is low compared to normal ROI ranges, it is only slightly below the industry standard. The industry standard Return on Equity (ROE) is 18.20 percent compared to GE’s that is 11.08 percent. Accordingly the ROE for GE appears to be on target for the industry and well...
Words: 652 - Pages: 3
...Marketing Unit 4 Assignment MT330 International Marketing Kaplan University Christina Olson October 16, 2011 Soft glow of the skin, feelings of butterflies in the stomach, and countless days of pampering and love; this is what pregnancy should be like. Expecting mothers should be joyous about the wonderful life that they are caring. Medical technology advancement has made the ability of planning for new born babies easier by the use of ultrasound machines. Currently ultrasound machines are produced by many different companies, one of them being General Electric. Ultrasound machines were first used to test the distance between two areas. During the 1950s these machines were used by doctors to identify masses in the human body such as tumors (Barfee.net, 2011). General Electric designs their ultrasound machines with the women’s body in mind, to be with her every step of the way from pre to post pregnancy (GE, 2011). This company is taking strides to ensure that all women are being looked after with the best technological advancements possible (GE, 2011). They have developed portable ultrasound systems which help to provide medical capabilities to all those in need at any location imaginable. In China the easy accessibility of GE’s ultra sound machines has become more of a negative effect than a positive one. Since the pass of China’s One-Child Policy, many women wanted only male babies. The Chinese government did not create the One-Child policy to ensure that...
Words: 641 - Pages: 3
...Group 8: Sven Hampus Björkman (T01701122) Agathe Giner (A01627201) Henrik Sanden (T01701220) Daniel Campo (A01724102) Jonghyup Lee (T01701104) Carlo Schmitz (A01741103) Assignment 3 General Electrics Medical Systems - Case Q1. What is the underlying logic behind the Global Product Company (GPC) idea? Generally GPC’s Philosophy was defined “to concentrate manufacturing -‐ and ultimately other activities – wherever in the world it could be carried out to GE’s exacting standards most cost effectively”. This was specifically done by the use of centres of excellence (COE). Each product of the General Electric Medical Systems (GEMS) portfolio was manufactured in one to two centres of excellence. From there the products were shipped all over the world. The case states that 60% to 96% of products made in a centre of excellence were eventually ...
Words: 1401 - Pages: 6
...Analysis of GE GE is a diversified services technology and manufacturing company with a commitment to achieving customer success and worldwide leadership in each of its businesses. GE operates in more than 100 countries and employs nearly 340, 000 people worldwide, including 197,000 in the United States. John F Welch has been the Chairman and CEO of GE since 1981. The Company traces its beginning to Thomas A. Edison, who established Edison Electric Light Company in 1878. In 1892, a merger of Edison General Electric Company and Thompson-Houston Electric Company created General Electric Company. GE is the only company listed in the Dow Jones Industrial Index today that was also included in the original index in 1896. GE has received numerous awards from different financial magazines: Global Most Admired Company – Fortune (1998, 1999, 2000) World’s Most Respected Company – Financial Times (1998,1999) America’s Greatest Wealth Creator – Fortune (1998,1999) e-Business of the Year – InternetWeek (2000) GE is the world’s biggest company, according to market capitalization. The Company achieves an increase of 20% in both profits and revenues year after year. GE manages to accomplish this through increased efficiency, global dominance, and exploring new opportunities. Policies to Maintain Competitive Strategy GE’s business-to-business e-commerce venture GE Global Exchange Services According to the Website, it manages “the world’s largest electronic...
Words: 743 - Pages: 3
...|- | |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]]...
Words: 1425 - Pages: 6
...1. Why do you think General Electric has invested so aggressively in foreign expansion? What opportunities is it trying to exploit? General Electric CEO main goal was to be number 1 or 2 globally for one reason. Also General Electric also sees foreign expansion as a great way to capitalized abroad. Also international revenues grow faster than domestic revenue. 2. What is General Electric trying to achieve by moving some of the headquarters of its global businesses to foreign locations? How might such moves benefit the company? Do these moves benefit the United States? 3. What is the goal behind trying to “internationalize” the senior management General Electric ranks General Electric? What do you think it means to “Internationalize” these ranks? 4. What does the General Electric example tell you about the nature of true global business? Company name/corporate headquarters location Company size (number of employees) Description of products/services Description of manufacturing 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...
Words: 2876 - Pages: 12
...Running head: General Electric Analysis MG 495 Park University A. Money F. Thomas Analysis of 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) ...
Words: 1502 - Pages: 7
...Should the global product philosophy be changed to suit China market? General Electric Medical Systems Divisions (GEMS), the world’s leading manufacturer of diagnostic imaging equipment and a subsidiary of General Electric (GE), has had years of success with its Global Product Company (GPC) concept. The GPC philosophy states that GEMS manufactures wherever in the world products could be carried out to GE’s standard in the most cost effective manner. However, the “In China for China” proposal by the head of GEMS China division, is causing the company to re-evaluate its global positioning strategy. China is the third largest market for medical diagnostics worldwide and is growing rapidly. Core markets are facing decade-long economic challenges and are unlikely to have the growth rates of China. In parallel, technological demands are ever present. The market demand is veering towards biochemistry. GEMS must decide if its growth strategy means focusing on the China market as part of its competitive advantage. GEMS has a number of strengths. Per the financial statements in the Exhibit 1, the company has the financial resources to invest in its desired growth strategy. Changing a corporate strategy often requires the cash flow to hire and train new talent as well cash to pay for capital and operating expenditures. GEMS has a global presence through its extensive sales and marketing organizations; thus, if there was a decision to focus on the China market, the company would probably...
Words: 286 - Pages: 2
...The Impact Of Outsourcing On General Electric Commerce Essay The report aims to highlight the impact outsourcing has had on General Electric Company. This paper analyzed GE’s decision to have multiple outsourcing partnerships. The paper also discusses the impact that outsourcing will have on US economy in general. The first part of the paper reveals how outsourcing has led GE to be a cost efficient, productive and profitable company. The findings outlined factors such as the success of GE Real Estate in Mexico. It also outlined GE’s successful steps in India in order to source products, services, and intellectual talent from India for its global businesses. The next section of the paper discusses GE’s decision to have multiple outsourcing partnerships. It discusses the strategies of successful multiple outsourcing and consolidated it with GE’s steps of outsourcing its businesses in different countries. In the last section the report elaborates different impact will outsourcing have on US economy. It contrasted the brighter side of outsourcing such as $100 worth of work sent abroad by U.S. companies; $130 to $145 will be reinvested in the U.S. economy. It also reveals the downside as it discusses how sending jobs abroad can affect American job market. 1.0 Introduction 1.1 Background General Electric is a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines...
Words: 5814 - Pages: 24
...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...
Words: 2029 - Pages: 9
...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...
Words: 379 - Pages: 2
...General Electric medical systems, 2002 General Electric medical systems, 2002 Q 1. What is the underlying logic behind the global product idea? What are the costs and the benefits that are expected? Answer- Global Electric Medical Systems (GEMS) had built a global presence on the backs of the Global Product Company (GPC) concept .This philosophy concentrated on manufacturing and then carry out activities anywhere in the world, where it could be carried out to GE’s Standards and cost effectively without compromising on quality. Medical equipment are globally standardized product which don’t require to be tweaked or adapted to local market needs. GEMS in terms of Adaptation, had invested heavily in country-based sales and marketing by providing equipment and services such has training and consulting advisory tailored to country specific needs. GEMS had overtaken its competitors through Arbitrage; The GPC led to building of Centers of Excellence (COE). From these COEs 60-96% of the products were shipped to other locations. COE were strategically located at developing economies which shipped its developed products to different countries (First world countries) which saved costs and time, thus maintaining its market leadership and addressing the demands for affordable equipment’s globally. Medical Equipment industry has proven that Aggregation has one of the key factors for this type of industry over the past few years. GEMS had also addressed aggregation...
Words: 1285 - Pages: 6
...Building, powering, moving and curing the world. Not just imagining but doing. The General Electric Company, commonly abbreviated simply to GE, is a major technology conglomerate based in the United States. General Electric was founded in Menlo Park, New Jersey, in 1878, by Thomas Edison, the inventor of the light bulb. It has gone on to become one of the most powerful and dynamic corporations in the world and as of 2008 was the tenth-largest company on Earth in terms of market capitalization. It is viewed by many as being the single most successful conglomerate, and was a conglomerate long before the practice became commonplace in the 1960s. Thomas Edison is widely hailed as a genius, both as an inventor and as a businessman, and it was his vision that laid the groundwork for General Electric. In 1876 he opened his first real workshop in Menlo Park, where he set about exploring the possibilities of many different inventions he had seen at that year’s Centennial Exposition in Philadelphia. This workshop would eventually yield arguably one of the most important inventions of the modern age: the electric light. In 1890, Edison started a company to bring together his various businesses all under one roof, and called it the Edison General Electric Company. Two years later Edison merged with his primary competitor, the Thomas-Houston Company, and they called the new company the General Electric...
Words: 2391 - Pages: 10
