GE’s Imagination Breakthroughs: The Evo Project Company Overview * General Electric (GE) is an American multinational conglomerate corporation formed by the merger of Edison General Electric Company and Thomson-Houston Electric Company in 1892. GE has grown over the years through innovation (from R&D) as well as mergers and acquisitions. * On September 2001, Jeff Immelt became GE’s ninth CEO in its 109-year history. The terrorist attack on September 11 - four days after his appointment
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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
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In February of 2015, General Motors initiated a recall on 800,000 Chevrolet Cobalt and Pontiac G5 and 600,000 Chevrolet HHR, Pontiac Solstice, Saturn Ion and Saturn Sky vehicles. The controversy surrounding the recall at this time was why had GM chosen to recall the defective vehicles so long after the ignition switch problem had been discovered. They had been under investigation for just that. Recently inducted as GM’s CEO, Mary Barra was struggling to keep the GM name in tact through this recall
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“resource deployment helps senior management make decisions regarding the use of the cash generated from some business units to finance growth in other business units” (p. 62). The BCG Growth-Share Matrix will provide a portfolio planning model for General Motors. The four categories will allow General Motors to review their vehicle types based on a combination of market growth and market share. Using Figure 1: The BSG Model, we will be able to identify General Motors recent performance in terms
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Kanwei Pang UG8723 MGMT 4500 Case Report: The Jack Welch Era at General Electric During Jack Welch’s two decade tenure as CEO of General Electric that started in 1981, he had many notable accomplishments in GE's history; he fulfilled the company's primary economic responsibilities to society by serving customers worldwide and stimulating the economy. But as such big company, there were opposing views to his social responsibility tactics, many supported him and many did not agree with him.
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transactions and Reporting * Responsible for all banks transactions and relations * Responsible for all relations with government agencies (Sales Tax Department, Income Tax Department and Social Security Department) * Producing various management reports for the Consulting and Procurement departments, and to the CFO * Developed and documented accounting policies for the firm * Currently handling the introduction of an HR payroll system and the replacement of the Accounting system
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General Motors is one of the world's largest automotive companies. GM’s history starts from 1908, when an enterprising William Durant bought several small companies in the which produced cars, combining them into one company and called this company: «General Motors Company» (General Motors). The company introduced to the world «Buick» trucks which later became famous all over the world. During two years, GM bought about twenty of such small firms. Company’s international headquarters is located in
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even heard of the name Alfred Sloan before. I was shocked when I learned what an important and influential business man he was. Without his knowledge or will power General Motors would not be what it is today, in fact it might not even exist today. He took over General Motors at their most vulnerable time, re-organizing the management system and creating new ideas that put them well ahead of Ford. Sloan was a savvy business man that cared about the well being of his employees as well as his customers
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General Motors is the world’s largest full line maker of automobiles. It currently has up to 8 different brands that include; GMC, Chevrolet and Buick to name a few. General Motors started out as two different companies started by Leland Olds, which started Oldsmobile, and William Durant, a Director of Buick Motor Company. Durant was the man behind the merger of Olds and Buick to form General Motors Corporation in 1903. He believed that one company making different models could be more competitive
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Promotional and Advertising Strategies Author’s name Institution’s name Promotional and Advertising Strategies Abstract The automotive industry is a multi-billion industry. The dawn of the twentieth century witnessed the beginning of the automobile industry.entrpernuers in the United States and Europe made the first prototypes of vehicles by the end of the nineteenth century. Since then entrepreneurial activities has been booming in the industry that has been motivated by competition among
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