GE- A combination of Strategy and technology
General Electric: A combination of Strategy and Technology / General Electric: Reasons behind Success
The Company Profile
General Electric's history forms a significant component of U.S. technological history. GE has progressed from the home lab of Thomas Alva Edison to become one among the world's largest corporations, through the course of electrical technology's advancement from the plainest initial applications to the 21st century's high-tech innovations and offerings. GE has a world market comprising over a hundred countries; roughly 45% of company revenues are generated from overseas operations. Through innovations spanning more than 110 years, GE has accumulated over 67,500 patents; scientists working for the organization have received Nobel Prize almost twice, in addition to several other awards for their contribution to the field (Referenceforbusiness, 2015). The company engages in manufacturing, processing, building, developing, producing, and assembling; leasing, selling, distributing and supplying; purchasing, mining, extracting, acquiring, and leasing; and owning, operating, dealing with, servicing, funding, and experimenting with materials, apparatus, equipment, devices, appliances, structures, information, intangible and tangible property, systems, processes, and services of all natures, kinds, and specifications (Referenceforbusiness, 2015). GE's mission is to invent products that matter relentlessly -- inventions that power, build, cure, and move the world. The company's offerings, required by all but made by a few, are its pride and define GE to clients and staff (Referenceforbusiness, 2015). The tool of export finance is critical for customer support; without this, the company cannot vie with foreign competition, which enjoys export credit agency (ECA) governmental funding. Company stock, which experienced a 0.6% drop in premarket trading, lost 0.5% YTD (year-to-date) on Wednesday, whereas the DJIA (Dow Jones Industrial Average) of -0.13% dropped 8.7%. GE's market capitalization is 79.08 billion dollars (Kilgore, 2015). There is a 5% boost in recent quarterly...
GE's expected industrial operational income lies in the $1.13-$1.20 range this year, elevating the $1.10 low end (Krauskopf, 2015). With regards to growth and revenues over a twelve-month period, GE had a -102.2% earnings per share (EPS) without non-recurring items growth rate. GE's EPS was -$1.48 for fiscal year 2015's first half. GE's growth rate of earnings before interest, taxes, depreciation, and amortization was -15.6%, with -3.6% growth rate of free cash flow across a one-year span (Krauskopf, 2015). GE has seen a progressive move to services from technology, and has grown to become a conglomerate with eleven key operating units, namely: GE Energy, GE Advanced Materials, GE Transportation, GE Infrastructure, GE Consumer & Industrial, GE Healthcare, GE Equipment Services, GE Insurance, GE Consumer Finance GE Commercial Finance, and NBC Universal (GE ownership= 80%) (Referenceforbusiness, 2015). For more than a century, the keystone of GE innovation has been R&D (research and development). At present, the company has roughly 36,000 technicians who work across its global and business research units, at the industry-technology juncture, for solving the toughest issues across the globe (Referenceforbusiness, 2015).
GE and Technology
General Electric comes up with novel means to solve old issues. It has implemented JIT (just-in-time) process methodology and introduced new medicines as products. Its new processes have resulted in new products (e.g., PCs in the year 1980). The company's inventory control process has incorporated bar codes and thus upgraded the old techniques. The Company has found alternative use for DVDs and paper clips. Process changes include soil testing through satellite imagery. Mainly, GE processes are helping the company transform itself into the leading premier digital industrial organization in the world, implementing critical solutions for clients. GE's Predix software enables clients to reduce operating expenses, boost operational performance, drive…
Political Reasons Behind the Electricity Dilemma in Haiti What it will take to have electricity in Haiti Cost Cost is one of the significant factors that contribute significantly to the development of electricity in Haiti. Since the investment in the sector of electricity has been extremely slow, combining the aspects inclusive of the non-payment culture for electric services, low-based metered customers, and fair consumer tariffs contributes significantly to electricity accessibility. The consideration of
Supply Chain Management (scm) supply chain refers to the network that links the internal and external suppliers with internal and external customers. Supply chain management (SCM) concerns with the management of such networks enabling interchange of materials and information through the network. The primary goal of supply chain management is to link the market, distribution channel, operations process and supplier base effectively at lower costs. (Hill, p.54) It is common
General Electric Staffing Initiatives DESCRIPTION OF THE COMPANY General Electric is one of the leading producers and manufacturers of energy-related products worldwide. The company operates as conglomerate offering technology, media and financial services and is leading name in the business of energy production manufacturing such things as "gas, steam, and aero derivative turbines; generators; combined cycle systems; and renewable energy solutions, as well as provides water treatment services and equipment." (Yahoo Finance) RECRUITMENT
ELearning in Corporate Environments Organizations and eLearning Organizations today are in a continuous state of evolution. There is consistent learning, interacting, and implementation of new solutions to organizational challenges. This means that in order for organizations to succeed they must find ways to share their collective wisdom, preferably in real-time. The remedy most turn to is technology. Specifically, organizations are finding creative ways to include eLearning, or electronic learning, into their overall
Air traffic has continued to increase and it now constitutes a considerable proportion of the travelling public. The amount of long-hour flights has increased significantly. Based on the International Civil Aviation authority, air traffic can be anticipated to double amid till 2020. Airline travel, especially over longer distances, makes air travelers vulnerable to numerous facets that will impact their health and well-being. Particularly, the speed with which influenza spreads and
Finance-dominated proponents also maintain that boom economic periods generate a more varied divergence of valuations that fuel merger activity (Medlen 2007). In this regard, Medlen concludes that, "Taken collectively, these understandings may explain some of the merger activity in booms, but they involve certain asymmetries that undercut their explanatory power. High stock valuations allow stock to be utilized as currency and collateral for takeovers; yet stock booms also make