General Electric Company An American Multinational...

Overview General Electric Company (GE), founded on April 15, 1892, as a result of the merger of American Inventor Thomas Alva Edison s Edison General Electric Company and Thomson-Houston Electric Company is an American Multinational Conglomerate. The diversified infrastructure and financial services company produces products and services that consist of oil and gas production equipment, household appliances, power generation, medical imaging, industrial products, business and consumer financing and aircraft engines. The Company operates in approximately 175 countries and about 300,000 employees around the globe. The company s headquarters is located in Fairfield, Connecticut, USA. GE is able to run efficiently through the following eight business markets of Power Water, Oil Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances and Lighting, and GE Capital (Reuters). Corporate Profile: Management Style As stated by New York Times, â€Å"the GE Way Isn’t for everyone†, this way that has been controversially spoken of was developed by John Welch, one of the most prominent CEO’s in the history of General Electric. Welch developed a breakthrough in business management that produced innovative leadership strategies. The implementation of this strategy is the reason why GE became one of the most highly labor-efficient and highly productive powerhouse’s of the 21st Century. During Welch’s 20 year reign as CEO, and later on as chairmen of GE, theShow MoreRelatedStrategic and Operational Plans Based on the SWOT Analysis Essay724 Words   |  3 Pageson the SWOT Analysis General Electric (GE), is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States. The company operates through five segments: Energy, Technology Infrastructure, Capital Finance and Consumer Industrial. In 2011, GE ranked among the Fortune 500 as the 26th-largest firm in the U.S. by gross revenue as well as the 14th most profitable. However, the company is currently listed the 3rd-largestRead MoreThe Organizational Structure Of General Electric ( Ge ) Essay1029 Words   |  5 PagesInternational business management A discussion of the organizational structure of General Electric (GE) Introduction GE is an American multinational conglomerate which deals in industries like aviation, oil and gas, power and water, health care and capital, to mention a few. The company has a matrix organizational structure, which is characterized by the organization of the company according to multiple metrics. In the case of GE, the structure is matrix in that it combines a functional structureRead MoreThe Structural Frame Model Of An Organization818 Words   |  4 Pagescreating of new companies. Thus, divided only into the strategic apex as an owner and operating level as the employees, it falls into a â€Å"flat† system category. The best examples of simple structure probably would be the so-called small deli stores located almost on every other street corner of New York City. Although, some of the big scale companies could become the simple structure in times of bankruptcy. Being in depth in the early 1990s International Business Machines Corp (IBM) Company became simpleRead Moreâ⠂¬ËœGe’s Growth Strategy: the Immelt Initiative’1036 Words   |  5 PagesCase summary: ‘GE’s Growth Strategy: The Immelt Initiative’ The General Electric Company (GE) is an American multinational conglomerate corporation incorporated in New York. The Company operates through five segments: Energy Infrastructure, Technology Infrastructure, Capital Finance and Consumer Industrial. The company has 287,000 employees around the world. Products are Appliances, Aviation, Consumer, Electrical, Energy, Entertainment, Finance, Gas, Healthcare, Lighting, Locomotives, Oil, SoftwareRead MoreBarbarians At The Gate By Kohlberg Kravis Roberts And Co.1341 Words   |  6 PagesNabisco. The Canadian businessman got his start in General Electric as an accountant, after graduating from University of Manitoba in 1952, through a military scholarship. After General Electric, he moved on to T. Eaton Company where he was the Vice-President of merchandising. Shortly after, he was named president of Standard Brands Ltd. From there, Johnson began his reign to the top of the corporate ladder, by discussing a merger between his company and Nabisco with the than CEO of Nabisco, Bob SchaeberleRead MoreBarbarians At The Gate By Kohlberg Kravis Roberts And Co.1346 Words   |  6 PagesNabisco. The Canadian businessman got his start in General Electric as an accountant, after graduating from the University of Manitoba in 1952 on a military sc holarship. After General Electric, he moved on to T. Eaton Company, where he was the Vice-President of merchandising. Shortly after, he was named president of Standard Brands Ltd. In 1981, Johnson began his reign at the top of the corporate ladder when he began discussing a merger between his company and Nabisco with the then CEO of Nabisco, BobRead MoreTo most of us, globalization—as a political, economic, social, and technological force—appears all1700 Words   |  7 PagesCoca-Cola, eat McDonald’s hamburgers, entertain the kids with a Sony PlayStation, and travel with designer luggage. This is equally true for the buying habits of businesses. The market boundaries for IBM global services, Hewlett-Packard computers, General Electric (GE) aircraft engines, or PricewaterhouseCoopers consulting are no longer defined in political or geographic terms. Rather, it is the intrinsic value of the products and services that defines their appeal. Like it or not, we are l iving in a globalRead MoreManaging Global Business : The General Electric / Mckinsey Matrix1683 Words   |  7 PagesGE are Americans which may simply be a side effect of the corporation having been founded in the U.S. and headquartered in the U.S. GE takes different modes of entry in to foreign markets, depending on the market and the competitive environment. Their approach is tailored based on the market and they have taken the right approach more times than not. GE is so adept at analyzing new markets their strategy for such analysis has become something of a business standard. The General Electric/McKinseyRead MoreExploitation And Gendered Labor : An Ever Present Issue2076 Words   |  9 Pagesclearly visible is in the maquiladora industry, large-scale export-oriented factories that dot the landscapes of many Latino countries. Multinational corporations such as Nike, Panasonic, and Zenith, all set up shop in areas beyond the border as a means of avoiding many restrictions when it comes to taxes and trades. Furthermore it allows these large conglomerates to avoid having to pay more for labor than they would say if they were in areas of the United States or even parts of Western Europe. MexicoRead MoreCompare Leadership St yles Between Jack Welch and Jeff Immelt4058 Words   |  17 PagesASSIGNMENT ON LEADERSHIP Lecturer: Dr. Brian O’Reilly Title: Compare and Contrast Two Leaders Executive Summary This paper would take leadership into account by comparing and contrasting two well-known leaders in General Electric (GE). The paper first introduces two leaders with some brief biographies, characteristics and their contribution to the GE. It then looks at who would be the more effective leader by providing with some aspects of leadership. It then comes up with some skills these