Quality Control of General Electric Appliance Company
Company background
General Electric Appliances is renowned for designing and building the best appliances across the globe. Ranging from the design process to production and further to service, the main endeavor of GE Appliances is to assist people in enhancing their lives at home. From self-cleaning varieties to ice and water dispensers, to speed cook rotisseries and fridges that make coffee, GE Appliances has electrified and simplified life for over 12 decades with our heritage of innovation (GE Appliances, 2020).
GE Appliances has its main center of operations situated in Louisville in the state of Kentucky, United States. The company has manufacturing facilities operating in Decatur in the state of Alabama. Moreover, GE Appliances has wholly-owned subsidiaries that are situated in Georgia and also in Tennessee (GE Appliances, 2020). Significantly, GE Appliances has ownership of FirstBuild, a multinational co-creation community, and an ultramodern micro-factory that is set in its headquarters. The company set up the second FirstBuild locality in Korea, and a third high-tech micro-factory is situated in India. These platforms guarantee that the company's most ideal conceptions and novel products for the present-day modern home get to the consumers in a faster manner (GE Appliances, 2020).
Notably, up until the 2016 fiscal year, GE Appliances was owned by General Electric. The company was up to that time referred to as GE Appliances & Lighting and GE Consumer & Industrial. However, this year, Haier took majority ownership of the company, obtaining 90 percent shares. Significantly, Haier obtained the right and liberty to capitalize on the General Electric brand name up until 2056 (Flannery, 2016). Becoming a part of this massive multinational organization grants GE Appliances with extra resources to go on partaking in innovation and retailing their products globally (GE Appliances, 2020).
Size of the Company
GE Appliances has an annual revenue of $7 billion. The company has employed 12 000 employees. General Electric has global operations in more than 170 countries across the world. The company has 205,000 employees in total. The revenues of the company experienced a 2 percent decline in the past year to decrease from $97,012 in 2018 to $95,214 in 2019 (General Electric, 2019).
Product or Service Mix
General Electric has different appliance brands, including Monogram, Café, Haier, Profile, and Hotpoint. The products manufactured and retailed by GE Appliances comprise of Refrigerators, Ranges, Microwaves, Dishwashers, Washers, Room Air Conditioners, Wall Ovens, Water Filtration Systems, Ice Makers, Trash Compactors, Laundry Units, Water Softeners and several others (GE Appliances, 2020).
GE Appliances' Competitors in the Market
GE Appliances faced intense competition from other players in the market. These include the following:
1. LG Electronics
LG is a multinational electronics corporation with its main center of operations situated in South Korea. LG partakes in the manufacturing of home appliances comprising refrigerators, washing machines, tumble dryers, vacuum cleaners, air conditioners, and microwave ovens. Moreover, in recent years, LG has intensified its rivalry in the market through the unveiling of smart appliances that permits...
The decrease in 2006 is obvious to most all product categories and it can be explained through the economic crisis in the U.S. And the general reduction of industrial activities and corporate profits. The communications and telecommunications subsector has also been subjected to changes in 2006 as compared to 2005, registering both increases as well as decreases, as shown by the figures below (millions of dollars): Product Product Name 2006 Code 3342101 Telephone
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