Premium Essay

General Electronics

In:

Submitted By gaurav1351
Words 10823
Pages 44
9-399-150
REV: MAY 3, 2005

CHRISTOPHER A. BARTLETT
MEG WOZNY

GE's Two-Decade Transformation: Jack Welch's
Leadership
On September 7, 2001, Jack Welch stepped down as CEO of General Electric. The sense of pride he felt about the company's performance during the previous two decades seemed justified judging by the many accolades GE was receiving. For the third consecutive year, it had not only been named
Fortune's "Most Admired Company in the United States," but also Financial Times' "Most Admired
Company in the World." And, on the eve of his retirement, Fortune had named Welch "Manager of the Century" in recognition of his personal contribution to GE's outstanding 20 year record.
Yet while the mood at GE's 2001 annual meeting had clearly been upbeat, some shareholders wondered whether anyone could sustain the blistering pace of change and growth characteristic of the Welch era. And specifically, many worried if any successor could generate the 23% per annum total shareholder return Welch had delivered in his two decades leading GE. It would be a tough act to follow. (See Exhibit 1 for financial summary of Welch’s era at GE.)

The GE Heritage
Founded in 1878 by Thomas Edison, General Electric grew from its early focus on the generation, distribution, and use of electric power to become, a hundred years later, one of the world’s leading diversified industrial companies. A century later, in addition to its core businesses in power generation, household appliances, and lighting, the company was also engaged in businesses as diverse as aircraft engines, medical systems, and diesel locomotives.
Long regarded as a bellwether of American management practices, GE was constantly undergoing change. In the 1930s, it was a model of the era’s highly centralized, tightly controlled corporate form.
By the 1950s, GE had delegated responsibility to

Similar Documents

Premium Essay

General Electronics

...General Electric’s joint venture Case study answers 1. I think the case was different. In the early 2000s joint venture is one of the most powerful weapons in GE s arsenal. After that they prefer to enter in a new country with the help of joint venture with companies. 2. The cause of this situation is, GE now doesn’t want to set up a plant of its own because if they do so they will incur a high cost. On the other hand they don’t want to acquire a well established local company because the acquisition cost of that particular company is too high. No I don’t think so. 3. Lack of local knowledge, economic, entry mode, political and cultural constraints that are the main drawbacks/risks of a joint venture firm to enter into new state. If GE want to merge with the leader company of that particular country than they have chance to minimize the risk because that local company help GE to familiar with the culture ,knowledge of the people of that particular country. 4. The benefits of partnering with GE are to get access to their innovative management skills, excellent management development program. Partners are able to learn shortcut of doing successful business in the international arena. If they intentionally taking the partners advantage in a bad manner they will lose their brand image as a partner. For that reason other established companies of their own circuit will not team up with GE...

Words: 296 - Pages: 2

Free Essay

Happy

...ELECTRONIC COMPONENTS AND DEVICES VENDO MACHINE _______________ An Undergraduate Project Design Presented to the Faculty of College of Information and Communication Technology Bulacan State University City of Malolos _______________ In Partial Fulfillment of the Requirements for the Degree Bachelor in Industrial Technology Major in Computer Technology _______________ By: Paolo G. Bondoc Kenjii A. Borja Rodel B. Galang Donald S. Lansangan John Hudson A. Montealegre Pat Andre L. Sandagon (BIT comp.tech. 3D-g1) February 2016 RATIONALE Vendo Machine is use to disperse a product to a consumer after a certain amount of money has been put in the machine. Vendo machines are used to disperse beverages and snack items, but in recent years companies introduce vending machine that disperse other items. The first modern vending machines were developed in England in the early 19th century and dispensed postcards. Students are failing their grades because their do not have the materials needed to use on their subject activities. And there are students who fail to buy the materials needed. Student need to fixed the kind of attitude of stand by and watching their classmates doing their activities. They need to wake up and start doing a step to accomplish the activities on their subjects. Electronic Components Vendo Machine is a machine composed of limited types of electronic components which are very use on activities on computer technology course. The researchers...

Words: 835 - Pages: 4

Premium Essay

Documentation

...HISTORY In July 1974, the International Electronics and Technical Institute, Inc. was born. It was formally incorporated and duly registered with the Securities and Exchange Commission. It established its first school on the second floor of the Galvez Building at Taft Avenue Extension in Pasay City and started operations in school year 1974-75 offering one and two- year course in electronics. In 1975, the Institute opened schools in Cubao and Makati. The Makati School, located on the mezzanine floor of the Guadalupe Commercial Complex at first, offered only courses in electronics, later it expanded to include electricity, radio communications, refrigeration, automotive, typing and stenography among its course offerings. IETI Cubao, located on the fifth floor of the Dona Victoriana building at EDSA corner New York St. also began with electronics courses specializing in radio and television. In 1981, further expansion of the Institute included the offering of the two-year Electronic Computer Technician courses in its Pasay and Cubao schools, thereby earning the distinction of being the first private school in the Philippines to offer such a program. In 1983, IETI opened its fourth school in Kalookan City, located on the third floor of the Dytronix Building near the Bonifacio Monument, the school offered courses in electronics and radio communications. IETI Makati and IETI Kalookan also started offering the two- year Electronic Computer Technician course in 1984 which...

Words: 1629 - Pages: 7

Free Essay

Gps Innovation

...A GPS Monster Texas A&M University Abstract GPS is a widely used phenomenon that seems to have no boundaries. From finding the quickest route home through traffic to alerting the authorities on missing persons’ whereabouts, both can be attributed to GPS implementation to almost all electronic devices. These so called shortcuts in life that this innovation brings us are limitless, but I firmly believe that we still need to be educated on the concepts for which it was created. It is a scary thought to think that the upcoming generation could be sent back to the Stone Age with a simple flip of the switch. Using innovation to enhance our lives is gratifying is nothing else, but let us not allow our total existence to be determined through our iPhone. Maps, what are those? You will not need maps where we are going. At any given moment we are somewhere according to a specific fixed location, unless you are on the fixed point then you are here. The literal point is that since 1997 anyone with a synced device with a relay transponder has the ability to precisely locate anything or anyone that has the transponder. This system of tracking locations is called a global positioning system, GPS. “Eighteen satellites, six in each of three orbital planes spaced 120º apart, and their ground stations, formed the original GPS. GPS uses these "man-made stars" or satellites as reference points to calculate geographical positions, accurate to a matter of meters” (Bellis)...

Words: 1239 - Pages: 5

Free Essay

Syllabua

...You are the news director of a local television station. The city council has just voted to close city parks 3 days a week to save money. Meanwhile, a major celebrity has died. The park story has greater effect on your viewers, but the celebrity death will get bigger ratings? Which do you make your lead story and why? o Your news organization is owned by a massive corporation that also owns an electronics company. It has learned that the refrigerators the electronics company makes are fire hazards and have destroyed several homes. How do you cover the story and how do you acknowledge that you are owned by the same corporation? o You are the chief editor of a large metropolitan daily newspaper. One of your reporters is caught fabricating sources and making up facts. How do you handle the situation, from disciplining the reporter to explaining it to your readers? . Solve the problem using what you have learned. Solutions must be realistic. If you think cable news networks do not have enough foreign coverage, for example, it is not enough to say you will simply hire more reporters. You must say where that money will come from. Be creative, both in the identification of the problem and, especially, in the solution. . Include the following: o The role of media in delivering news to the public o The significance of immediate news media delivery on culture o The social responsibilities of news media. o Ethical and legal considerations...

Words: 543 - Pages: 3

Free Essay

Asahi Glass Company Analysis

...ventures – chemical, electronics, ceramics, and construction materials. The diversification into the various industries as noted above was very successful, as by the 1950 to early 1970’s following the second world-war Asahi’s glass and construction materials business accounted for more than 50% of its total revenue, and its chemical business at 40% and other business segments including electronics and ceramics contributing to 10% of the company’s total revenue. By 1992, the company’s glass (flat glass) business segment contributed 56% of total sales and revenue making it the most profitable segment out of the four diversification business segments. I believe AGC’s diversification was much needed post the second world-war, as it helped serve as the foundation to emerging technologies and manufacturing of newer consumer products – cements, automotive lighting, paints, chemicals such as chlorofluorocarbons – CFC for refrigerators and air conditioners. Following the oil crisis in the early 1990’s, AGC management – then President Mr. Sakabe decided to focus on the company’s electronic segment business because of its growth potential and having some expertise in the electronic industry. Furthermore, AGC top management had a goal of developing electronics to generate 10% of the company’s revenue within the next 10-years after its decision in the early 1990’s to focus on the electronics industry. In hindsight, the decision to focus on the electronics segments proved to be...

Words: 710 - Pages: 3

Premium Essay

Walmart Case Study

...Walmart’s Sustainability Strategy Case Study Question 1: “How is the company deriving value from its sustainability practices?” Walmart has been deriving value from its sustainability strategy through multiple factors. First of all, Walmart was able to create value by introducing new revenue streams from sustainable projects. For example the recycling initiative would create revenue stream that would otherwise not have been realized. Walmart has also created value by creating transparency within its own supply chain. By being directly involved with its suppliers, it was able to manage its supply chain. Walmart’s goal via its networks was to influence stakeholders, primarily its suppliers, to initiate sustainable practices that would be in line with Walmart’s values. By doing so, Walmart has to monitor every supply chain participants, and by doing so, they were able to eliminate redundant channels in the process. For example, instead of having a product manufactured and assembled in two different countries, Walmart was able to eliminate unnecessary channels by understanding the process, and thus creating a more efficient supply chain that is both innovative and cost effective. Another thing that they did was their overall cost reduction in the value chain processes. It was able to reduce inefficiencies in packaging, transportation, and waste, among other factors. By doing so, it sees the potential cost reduction in the long run. Furthermore, Walmart derived...

Words: 662 - Pages: 3

Premium Essay

Swot Analysis Samsung

... * Samsung is the best in terms of design features and technology. It was the first to introduced dual screen mobiles , 65k TFT/LCD colour phone, first phone with polyphonic ringtones, phones with rotating lens, thinnest and lightest note pad etc. * Samsung always makes innovations and tries to improve their products to attract more customers and seek more market share. It attracts customers by offering new and innovative design through understanding the customers by considering the types of designs which are suitable to customers and what they want or asked about. Weaknesses * Samsung does not charge high price for its products. Therefore, people often relate the low price to begin a supplier of low quality products as the general perception supports that the higher the price, the higher the quality of products. Thus,Samsung products perceive as low quality as compared to competitors’ products. * Although Samsung focuses on innovation but it is not proactive in introducing new products. It always act as an analyzer which let the organizations to...

Words: 2468 - Pages: 10

Free Essay

Vitamin

...Analysis of Pakistan’s Industries Electronic Industry of Pakistan Submitted to: Mehwish Ghulam Ali Submitted by Fatima Zafar 06836 Javeria Anees Rangoonwalla 06867 Munazza Arif 06962 Manal Yousuf 04276 Talha Zubairy 07544 Yusra Nasir 06878 Contents Letter of transmittal 3 Executive Summary: 4 Introduction 4 Historical Analysis of Key Variables 5 Inflation 5 Exchange rate 7 Duties and taxes 7 Growth Rate 7 Imports: 8 Current Scenario in the Telecommunication Industry: 8 Fixed Line Sector and Wireless Local Loop (WLL) Sector 9 Current Scenario of Electronic Industry in general 10 Diamond Porter Model: 12 Demand Condition: 13 Related Industries: 13 Conclusion 15 Problems and Hindrances Faced 15 Recommendations 16 Solutions 17 Appendix 1 18 Appendix 2 19 Appendix 3 20 22 Appendix 4 23 Appendix 5 24 Appendix 6 25 Appendix 7 25 Appendix 8 26 Appendix 9 26 Questionnaire 26 Letter of transmittal 10th April, 2016 Ms Mahvish Ghulam Ali Course Instructor Analysis of Pakistan’s Industries IBA, Karachi Dear Ms Ali, It gives us pleasure to present our research report on the Electronic Industry of Pakistan, assign as a compulsory part of the course. This report is based on the analysis of the electronic industry, in relation to the economy, the major players...

Words: 6238 - Pages: 25

Premium Essay

Amazon Affecting Sales

...books. This is good business to them and they also show that by replacing paper books with electronic devices it helps the environment by cutting the usage of paper. By making strategic planning of lowering prices and giving what the costumer asks for it helps it gains popularity. Lowering prices offering discounts and many other stuff may not help them financially meaning that they won’t make a lot of profit of their products but in the sales business is not how fast you expand it but how much costumers you have. Costumers will be the main priority in a business because it will help you or destroy you. The foundation of amazon was built on the ability to transform. It has proven that when opportunities arise to serve new or existing customers, it manages to adapt new businesses while extracting value on existing ones. Amazon is planning a major roll-out of an online grocery business that it has been quietly developing for years, targeting one of the largest retail sectors yet to be upended by e-commerce. It could outperform similar online grocery services by delivering orders for higher margin items like electronics at the same time. This initiative will expand amazon in many ways. By having warehouses that storage food and also have space to storage general merchandise products will be more appealing to costumers because they will know that they will have their grocery and their general products that same day. People now a day don’t like going out...

Words: 356 - Pages: 2

Premium Essay

Distracted Driving

...The term distracted driving is a variety of activities while driving such as eating, applying makeup, reading, smoking, talking, and using electronic devices (Overton, et al). Driving is a major responsibility but not all drivers abide by the rules and regulations. In 2016, 54,279 crashes in NC were due to distracted driving (“One Text or Call”). Looking at the lives that are lost every day due to distracted driving should be a wakeup call. Not just texting but any distractions can cause a driver and passengers to be involved in an...

Words: 1277 - Pages: 6

Free Essay

Technology in Restaurants

...Technology in Restaurants Julio Olla COM/172 April 5th, 2012 Davine Jones Technology in Restaurants Technology is impacting the restaurant industry because dependency on computers is the remarkable key to run the business. Computers in restaurants are the key to create the experience that experts want to introduce to guests, to support the changes of a modern society and the information technology that is constantly changing; we are the consumers of a competitive world of technology. The technology that is being used in the business has become innovative and to take a look back on how restaurants ran before technology hit the industry is remarkable. Computers The biggest change in the restaurant business since the creation and introduction of the stove controlled by gas and the electric refrigerator is the implementation of computers (Mandabach, Blanch, Van Leeuwen, & Waters, 2006) “The restaurant industry is no longer a business of cigar boxes and order pads. In most cases restaurant managers use more technology than we used to send men to the moon” (Hamilton, 2004). The transcendental innovation of technology has created a competitive system between experts in the field and the philosophy to avoid looking back in time when restaurants used to run with just a kitchen and a few tables. Comparing the experience of a visit to a modern eating establishment with the same basic hospitality atmosphere versus a more typical restaurant, the chances are that thanks to the...

Words: 1468 - Pages: 6

Premium Essay

Grace Hopper

...Effective Leadership I. Introduction A. In this presentation I will talk about what characteristics make effective leaders. B. I will introduce a great leader in computer programming. C. My purpose in this presentation is to outline what it takes to be a good leader. D. My main points will be my field of study, a positive leader in my area of study, the characteristics needed to be a good leader, and my own qualities and how they will aide me in my success. II. Computer Engineering, Computer and Electronic Technology A. I have always had a love of computer and electronic things. To be able to do what I love and make money at it will be a dream come true. B. My estimated graduation date at this point is September 2015. III. A positive leader in computer engineering A. I chose Rear Admiral Grace Murray Hopper as my leader. Rear Admiral Grace Murray Hopper was a determined, hardworking and respectable lady. She achieved great things in her time and never let anything stand in her way. B. “She was a Pioneer Computer Programmer, co-inventor of COBOL [Common Business Oriented Language], she was known as the Grand Lady of Software.” (Dickason, 1992, para 1) C. For her time Grace Murray Hopper was far advanced in technology. She loved gadgets and she pursed that love and achieved great things. D. “During her lifetime as a leader in the field of software development concepts, she contributed to the transition...

Words: 740 - Pages: 3

Free Essay

Ict Act-2006 Bangladesh

...INFORMATION AND COMMUNICATION TECNNOLOGY ACT, 2006 Prepared for Md. Ziaul Haque Senior Lecturer, Dept. Of Business Administration East West University Prepared by Bus-361 Sec: 6 Name | ID | 1. Md.Musrukh Ruhaim | 2010-2-10-091 | 2. MD. Tajul Islam | 2011-2-10-240 | 3. MD. Naiem Bhuiyan | 2011-2-10-110 | 4. Sunjida Haque | 2010-2-10-355 | 5. Md.Mahfuzur Rahman | 2011-1-10-049 | 6. MD. Mahmudul Hasan | 2011-1-13-060 | Date of Submission: December-03, 2014 Acknowledgement We are very pleased to accomplish the assign task given by our honorable course instructor Md. Ziaul Haque on the subject “Legal Environment of Business”. We are very much obliged to those persons who gave their valuable time in the organization overview part, opinion and advice to complete this report. At first, our profound gratification goes to, Md. Ziaul Haque the honorable course instructor of Business Communication for his supervision to complete the assignment successfully. By providing us the opportunity of preparing this assignment, he has made us able to relate the academic knowledge of Business law with practical scenario. Not only this, he has also contributed much in this term paper by giving us proper guideline. We are acknowledging to all of those web sites from which we have taken necessary helps. Our gratitude also goes to some senior students for their guidance in various stages of completing the term paper and our...

Words: 12177 - Pages: 49

Free Essay

Hmmm

...Table of Contents 2. Biomedical and Electronic skin patch 2 Motivation behind the Technology 5 Applications 6 Drug delivery system 6 Health monitoring 8 Medium of Communication 11 Human Computer Interaction Interface 12 Stakeholders 12 3. Ethical and Legal Concerns with the technology 14 3.1 Legal Issues 14 Inconsistent Medication 14 Number of Impacts of Wireless Technology 15 Data Integrity and Hacking 16 3.2 Ethical dilemma 17 Cultural and religious criticism 17 Public Monitoring/privacy 19 Impact on people with disabilities 20 Cost issues 20 Social Issues/implications 20 Credibility of Source of Information 21 4. Resolutions for these dilemmas 22 4.1 Possible solution 22 Tackling health issues 22 Preventing leakage of personal information 23 Preventing Overuse of Skin Patch 24 Addressing cultural issues 24 Denying any form of tracking human information 25 4.2 Strategy for implementation 25 Conclusion 26 Reference List 26 1. Introduction         The purpose of this report is to identify the legal and ethical issues related to electronic skin patch and provide a possible solution to tackle it.    The limitations of current medical science lead to the advancement of biomedical science to resolve the gap. The report further deals with the new technology electronic skin patch that promises to overcome the potholes of the traditional medical science. It provides the detailed analysis of the technology and the strategy...

Words: 10564 - Pages: 43