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General Electric
Jack Watson
In 1878 Thomas Edison founded the Edison Electric Light Company which through mergers and acquisitions became General Electric (GE). The 19th and 20th centuries watched Edison's company grow into a massive multi-national company with branches reaching into a vast number of businesses. In the years since its formation GE has become a global leader in a number of fields beyond the power generation functions that Edison had pioneered. Industries as varied as aircraft engines and financial services have both become staples of income for the multi-faceted organization. With all of the success that GE has enjoyed it appears that the company is destined for a bright future and yet, there are significant issues that must be understood and managed for GE to be a bright star throughout the next two centuries.
GE's Industry
Attempting to place GE into a specific industry category is a difficult proposition…
References
General Electric Co. (2005) Retrieved February 8, 2005, from Yahoo! Finance Web site:
http://finance.yahoo.com/q/pr?s=GE
Kotler, Philip (1994). Marketing Management: Analysis, Planning, Implementation, and Control. Englewood Cliffs, NJ: Prentice-Hall, Inc.
Pearce, II, John A. And Robinson, Jr., Richard B. (1994). Strategic Management: Formulation,
General Electric
Constant transformation has turn out to be a way of life for corporations and their employees in today's fast-paced, competitive business world. All through the preceding few years, numerous companies have experienced noteworthy transformations such as getting rid of layers of administration, reorganizing procedures, authorizing numerous employees and downsizing others, shaping independent work teams, etc. In times like these, corporations clearly need effectual leadership at all levels, but particularly so at the top of the organization.
Even though a lot of the demanding business transformation occurring today might appear new to most employees, a bright case in point of the general concept of endlessly changing a corporation for the better is the General Electric Corporation (GE), which experienced a long reformation procedure starting in the early 1980s under the management of their Chief Executive Officer (CEO), John F. Welch. The major leadership principles explained by Welch all through…
Bibliography
Slater, Robert. (1994). Get Better or Get Beaten: 31 Leadership Secrets from GE's Jack Welsh. New York: Irwin.
Tichy, Noel M. (1993). Revolutionize Your Company: A Key Consultant to General Electric Tells How CEO Jack Welsh Dramatically Changed GE's Approach to Business -- And How Your Company Can Too. Fortune 13 Dec.114-118.
Tichy, Noel M., and Stratford Sherman. (1994). Control Your Destiny or Someone Else Will: Lessons in Mastering Change -- the Principles Jack Welsh is Using to Revolutionize General Electric. New York: Harper Business.
Crosby, Philip. (1997). The Absolutes of Leadership. San Francisco: Jossey-Bass.
General Electric
Short-term and Long-term Objectives
GE is one of the biggest and most varied industrial companies in the world. GE is concerned in progressing, manufacturing, as well as marketing a wide array of products for the generation, broadcast, control, distribution, and utilization of electricity since its amalgamation in 1892. Over the years, GE has progressed or obtained new technologies and services that have broadened significantly the scope of its activities (Ashkenas, DeMonaco and Francis, 1998).
In the next calendar year, GE is dedicated to aim in the "next generation" of technology. They are favorably positioned to steer growth for the future by means of its technological superiority in each business by developing a global technological ability, ever-increasing new product growth, as well as spending in global research (Matthew, 2002).
However, GE's services sector has progressed from the customary measures of component substitution, repairing and renovating machines to a bigger…
Bibliography
Ashkenas, R.N., L.J. DeMonaco, and S.C. Francis. (1998). Making the deal real: How GE capital integrates acquisitions. Harvard Business Review (January): 165-178.
Matthew S. Scott. (2002). The gateway to wealth: new B.E.-GE initiative seeks to close the home ownership gap. Black Enterprise, Vol. 32.
Walter G. Blacconiere and Patrick E. Hopkins. (2002). General Electric: investment accounting and consolidations. Issues in Accounting Education, Vol. 17.
Ellen A. Brown. (2002). Getting ready for the electrical age: Virginia Tech, General Electric, President McBryde, and the scientists in the 1890s. International Social Science Review.
General Electric Company (GE) is a multinational company that operates in more than 116 countries in North America, Europe, and Asia. The company specializes in the production of diversified industrial products, and is organized along 11 businesses such as Energy, Transportation, Infrastructure, Commercial and Consumer Finance, Equipment Service, etc. Over the years, GE has recorded financial success. In 2011, Fortune ranks General Electric as the 7th largest company globally, 13th most admired company, and 14th most profitable company. The company key competence lies in its great proven leaders who combine the company resources to achieve financial success.
The objective of this report is to present a competitive environment analysis of General Electric. The paper uses SWOT model, PESTEL model and five Porter forces to provide analysis of GE.
SWOT Analysis of General Electric
SWOT model refers to Strength, Weakness, Opportunity and Threat. SWOT model is a tool that analysts use…
References
Bordean, O.N. Borza, A.I. Nistor, R.L. et al. (2010). The Use of Michael Porter's Generic Strategies in the Romanian Hotel Industry. International Journal of Trade, Economics and Finance, 1(2): 173-178.
GE Annual Report (2010). General Electric. USA
Oxford University Press (2010). PESTEL analysis of the macro-environment.UK.
Oxford University Press (2010). Developing a strategy: SWOT analysis. UK
General Electric Company case -- There are five central themes that were identified that would support GE in order to persevere and establish a long-term franchise. These themes included: to build strong businesses; put investment in services, innovation, and globalization; to focus on areas of potential opportunity; to drive competitiveness through cutting costs; and be remaining committed to people.
There are three key issues associated with concerns regarding GE's strategies for future stability and growth of the company. The first issue involved financial uncertainty due to the risk presented by shrinking GE capital. There were questions regarding how cohesive the company was in regards to the relationship between the industrial and financial aspects of the company especially following the company's loss of their triple -- A credit rating.
A second issue of concern regarded the growth strategies under development by GE. Specifically, some critics showed concern as to whether the…
General Electric and Philips health care have persistently provided forward thinking technology that have paved the way to a safe and high quality of care to patients. They possess solid foundation and have become experts in the field of health care technology such as medical imaging, information technology, and patient monitoring systems. Both organizations focus on sustainability of health care systems and quality delivery of care to patients. In addition, both organizations strive to be the best within the industry in ensuring the delivery high quality health care to patients. In this paper, we investigate how both companies have survived over the past 10 years with the health care changes and a struggling global economy. Also investigated is how both companies have managed to sustain their quality, innovation, and safety while containing costs to health care partners so that a high quality of health care can be delivered to each…
References
Blank, R, (July 2012). Transformation of the U.S. Healthcare System: Why is change so difficult? Sociology, 60(4), 415-426. doi: 10.1177/0011392112438327
General Electric (2012b). Qualibria Quality Management Solution. http://www3.gehealthcare.com/en/Products/Categories/Healthcare_IT/Clinical_Knowledge_Solutions/Qualibria
General Electric (2012c).Quality Control Workshop In Mammography.
http://www.gehealthcare.com/euen/clinical-education/pdf-courses/xray/XR-quality-control-workshop-mammo.pdf
This would entail paying European fines for not having sustainable components in their products. Instead of just moving ahead with production and paying the charges to local and federated European Union environmental authorities, GE completely redesigned the value chain and production processes of medical products (Mitra, 2010). This became the catalyst of sustainable business development and was a key factor in the 2004 timeframe when Jeffrey Immelt began the planning of the ecoimaginaition branding initiative. This is just one of many examples corporate-wide where GE was able to capitalize on initially what appeared to be a weaknesses from a sustainability standpoint and turn it into a strength.
Conclusion
Since the initial concept of translating their cost challenges of attaining sustainability into a profitable new business, GE has also started a $200M venture capital fund to invest in emerging new businesses in these areas. To date they have generated over 4,000…
References
Immelt: Ecomagination will help tackle global environment challenge, drive GE growth. (2005, Jun 30). Al Bawaba, pp. 1-1. Link: http://www.albawaba.com/news/ge-drives-global-ecomagination-initiative-middle-east
Guerrera, F. (2007, May 24). GE doubles eco-friendly product sales. Financial Times, pp. 28-28. Link: http://www.ft.com/cms/s/0/a5a0403c-0992-11dc-a349-000b5df10621.html#axzz1kho9EOz1
Mitra, M. (2010, Nov 25). Gen-next marketing: Ecoimagination runs as virtual business across GE [brand equity]. The Economic Times (Online), pp. n/a.
Link: http://articles.economictimes.indiatimes.com/2010-11-24/news/27570993_1_digital-marketing-ge-clean-technology
General Electric: Analysis of Strategy Implementations and Potential Issues
There are many parts of GE's strategic plan that are interlocked, and thus face some of the same implementation issues. For example, GE's strategy of diversification is essentially interlocked with its objectives of expansion. Through diversification, GE can continue a growth strategy that includes both operational and geographic expansion. As such, the strategic plan to diversify and expand is interlocking dependencies. However, there are a number of implementation issues which could prove a problem for the company in the future in terms of its objectives to diversify and expand. The company is what is known as an "unrelated diversified company" (Allen & Gorgeon, 2007, p 7). GE has been successful in diversifying its operations into new markets; yet, this can be seen as almost being too successful. According to the research, "looking at GE we see a massive, diversified, and profitable…
References
Allen, David & Gorgeon, Amuad. (2007). Diversification strategy. IE Business School. Retrieved September 1, 2012 from http://openmultimedia.ie.edu/OpenProducts/diversificacion_i/diversificacion_i/Curso.pdf
Baron, Zackary D. (2011). General Electric: A deep analysis of company strategy. Wall St. Cheat Sheet. Retrieved August 31, 2012 from http://wallstcheatsheet.com/stocks/general-electric-a-deep-analysis-of-company-strategy.html/
Robbins, Kym. (2012). GE extends strategic relationship with Australian-based Nanosonics to expand healthcare innovation globally. Business Wire. Retrieved September 1, 2012.
General Electric in India
ecent economic figures point to the tremendous growth of India as the world's popular investment hub. Foreign direct investments (FDIs) in the country have depicted a surge as investors seek opportunities in the second populous nation in the world (Mishra & Shaopeng, 2013). The country occurs as a close competitor to China, as the preferred investment hub globally. Since independence, India upholds democracy in rule and governance. In the 1970s, India occurred as a preferred hub for multinationals such as IBM. The nation is popular for providing a favorable environment for multinationals to thrive. In this paper, we analyze some macro and micro economic factors that affect the way of doing business for General Electric in India.
Legal/Political factors
Effect of Common law on GE
Historically, India has grown as one of the most preferred investment hubs for multinationals. The presence of General Electric (GE) in…
References
Manian, R. (2011). Doing Business in India For Dummies. New York: John Wiley & Sons
Mishra, R K. & Shaopeng Z. (2013). Economic Reforms in India and China. New Delhi: Allied Publishers
Noronha, F.E. (2010). Private International Law In India: Adequacy of Principles in Comparison with Common Law and Civil Law Systems. New York: Universal Law Publishing
Panchal, S. (2015, February 14). "Make ships in India, Modi urges GE." Forbes India. Retrieved from http://forbesindia.com/article/special/make-ships-in-india-modi-urges-ge/39631/1
At this time Six Sigma operates as a new General Electric's institutional competitive strong point and still strives on to develop to boot.
If there is something that Jack noted during his days as a manager, then it is the rate at which GE was turning into a big bureaucracy and indeed realized that a huge change was truly needed. Founded on this perspective, the moment he succeeded the outgoing CEO, he hurriedly kick started the reform that the company needed basing it on the managerial creed that he acquired. Improvement in productivity brought about power in competition as well as profit. There are two things that worked in Jack's favor, one is that through effective use of funds as well as human resource, he managed to improve productivity. Further, the solid plans that improved effectiveness of funds are to streamline institutional hierarchy, with much emphasis channeled to the magnitude…
Reference
Slater, Robert (1998) Jack Welch and the GE Way: Management Insights and Leadership Secrets
of the Legendary CEO, New York, N.Y.: McGraw Hill. Retrieved on April 9, 2014 http://www.referenceforbusiness.com/biography/S-Z/Welch-Jack-1935.html#ixzz2yQp8e1OJ
Welch, Jack, (2001) Jack: Straight from the Gut, New York, N.Y.: Warner Books. Retrieved on April 9, 2014 http://www.referenceforbusiness.com/biography/S-Z/Welch-Jack-1935.html#ixzz2yQocdaWH
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…
Q1. Does GE’s human capital development strategy support its overall strategy? How?
GE leverages HR to its maximum degree by ensuring that HR staff are aware of GE’s overall business strategy and its finances, marketing, and operations so its selection of human capital will align with those goals. It is not simply enough to select capable people but the right kind of capable people that fit in with the overall organizational culture of GE. To achieve this objective requires extensive benchmarking of overall performance, and while GE operations may be decentralized, personnel are evaluated based upon strict standards, including manager evaluations, forecasting of their overall career plan, and succession planning to assume a seamless transition. When Jack Welch assumed the helm of the organization, he added additional requirements, such as requiring all managers to rate employees on a curve (which meant that even adequate performances might be classified as failures),…
References
Bartlett, C. & McLean, A. (2006).GE’s talent machine: The making of a CEO. Harvard Business Case Study.
GE's Two Decade Transformation
• Examine Jack Welch and his transformation of General Electric
Welch's initial resolve to make the company more agile and lean led to a highly systematic downsizing, delayering and destaffing process focusing on every large headquarters group, which included a cutback by half in the company’s 200-strong strategic planning workforce and the elimination of its arduous strategic planning structure. In its place, he incorporated "real-time planning'', discussed with fourteen key business leaders via informal sessions. GE’s budgeting process was also drastically altered: results were assessed against external competitive conditions, instead of internal comparisons. In the year 1985, Welch did away with the sector level; to guarantee every business directly reported to him, he eliminated 5 hierarchical levels (Bartlett, 2000).
The company did away with 64,160 hourly and 59,290 salaried jobs from 1981 to 1988; divestiture led to the elimination of 122,700 more jobs. While a modest…
References
Adari, P. (n.d.). GE and Jack Welch Leadership - Case study approach. Retrieved March 19, 2018 from http://www.academia.edu/11670513/GE_and_Jack_Welch_Leadership_-_Case_study_approach
Bartlett, C. A. (2000). GE\\\\'s Two Decade Transformation: Jack Welch\\\\'s Leadership. Harvard Business School
General Electric Leadership Program. Specifically it will discuss the program and why it is successful. General Electric has an extensive leadership program that prepares new college graduates for leadership roles in the company. It is one of the most well respected leadership training programs because it creates excellent leaders ready to take on management roles throughout GE's many different divisions.
GE's Leadership Program is successful for several compelling reasons. It is geared to "global management," because GE is a global company, and doing business in different countries and cultures can be very different and challenging. However, it is a three-step process that helps develop managers in different areas of expertise, such as finance or human resources, and it develops managers at different levels to accomplish different things, such as section leaders and middle managers, as well as executives and upper management. The company does not train people to be managers,…
References
Smith, Ethan. "At GE, Management Development is a Continuous Process." AprediaCorp.com. 2009. 22 Sept. 2009.
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GE- A combination of Strategy and technology
General Electric: A combination of Strategy and Technology / General Electric: easons 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 (eferenceforbusiness, 2015). The company engages in manufacturing, processing, building, developing, producing, and assembling; leasing, selling, distributing and supplying; purchasing, mining,…
References
Downie, H., & McMurray, A.J. (2013). General Electric's Lessons in Product Innovation. Strategy+Business. Available from http://www.strategybusiness.com/article/re00222?gko=e3a0c [Accessed: 30th October, 2015]
Emerald. (2006). "Green is green at General Electric." Strategic Direction. Emerald Group Publishing Limited, 22 (9), 21-23. DOI: 10.1108/02580540610686513
GE. (2015). Hear from Jeff Immelt and a global community of industry experts: Build YourDigital Industry. Minds and Machines 2015. Available from [Accessed: 30th October, 2015]
Kilgore, T. (2015). General Electric to create 1,000 energy-sector jobs in the U.K., not the U.S. Market Pulse. Available from http://googleweblight.com/?lite_url=http://www.marketwatch.com/story/generalelectric-to-create-1000-energy-sector-jobs-in-the-uk-not-the-us-2015-09
GE's ecent Acquisitions
General Electric Co. has developed to become the most acquisitive industrial firm across the globe since its inception. The company is renowned for spending huge amounts of money on takeovers or acquisitions as part of its strategy to ensure increased growth and profitability. In essence, General Electric's acquisitions are fueled by the focus on ensuring good returns across its operations through obtaining a considerable market share and competitive advantage. Acquisitions are important strategies in the company's operations given that they are regarded as initiatives that enhance organic growth. In the past few years, General Electric has made several acquisitions including the acquisition of Dresser Inc. and Alstom.
GE's Acquisition of Dresser Inc.
General Electric completed a $3 billion takeover of Dresser Inc., which is an international energy infrastructure technology and service provider in 2011 (euters, 2011). This acquisition transformed the international energy portfolio of GE by expanding…
References
Reuters (2011, February 1). GE Completes $3 Billion Acquisition of Dresser, Inc. Thomson Reuters. Retrieved November 24, 2015, from http://www.reuters.com/article/2011/02/01/idUS233735+01-Feb-2011+BW20110201
Team, T. (2014, June 25). GE Set to Expand Its Power Business With Alstom Acquisition. Forbes. Retrieved November 24, 2015, from http://www.forbes.com/sites/greatspeculations/2014/06/25/ge-set-to-expand-its-power-business-with-alstom-acquisition/
Other tools frequently used in this approach are positioning surveys and moving-average trend following trading rules. Fund managers regularly use these patterns to take informed decisions for short-term investments (Exchange ate Forecast, 2010).
Exchange rate risk affects both revenues and costs, which in turn affects a company's marketing, production, and financial decisions (Shapiro, n.d.). If a company's revenues are down then they might find themselves with less money to produce and market their product or service. If a company cannot produce or market their product or service they will probably not remain in business for very long. This is why it is so important to make financial decisions based upon a good model for forecasting exchange rates. A company's bottom line and ultimately their continued success rely heavily on their capability to have enough money to produce products and market them. A company that has no money to manufacture and…
References
2011 New design solar water heater. (2011). Retreived from http://www.alibaba.com/product -
gs/504296912/2011_New_design_solar_water_heater.html
Boyabatl, O. & Toktay, L.B. (2004). Operational Hedging: A Review with Discussion.
Retrieved from http://www.prism.gatech.edu/~bt71/articles/pompaper.pdf
Leadership at GE
The General Electric Leadership Program is a program to prepare GE's leaders of the future, and it is one of the most respected leadership programs in the world, because it gets excellent results and creates leaders of the future. The program is multi-faceted, gives hands on experience, and shows participants what their corporate experience at GE will be like, so it gives GE exceptional leaders, and prepares college grads for a rewarding career with a global leader in numerous different departments.
Why is this program so successful and well respected? Because it works, and because it is extensive. Students do not sit in class for a few weeks. They spend six months in a location, and then rotate to another location, learning every aspect of day-to-day operations during their time there. It is a full time job, and they also have periods of intensive study at the…
References
Smith, Ethan. "At GE, Management Development is a Continuous Process." AprediaCorp.com. 2009. 22 Sept. 2009.
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In order to rise above competition, the company is committed to providing the highest quality of technical support to its clients, as demonstrated by its purchase of ATG. This software would result in reduced costs, increased revenue, and improved customer retention.
pecifically, the software gives the company the ability to reduce the time involved in solving customer queries and concomitantly increasing the volume of calls that can be handled. Furthermore, the queries and calls referred to higher levels of the company's management is decreased by centralizing the customers' access to relevant information sources. The quality and content of this service are also improved by analyzing daily interactions with customers. The service is made more efficient and accurate in this way. Finally, revenue opportunities are also increased by a feature that suggests up-sell and cross-sell possibilities.
According to Business Wire (2005), Genpact's RightAnswers' Knowledge-Pak libraries also integrate with the ATG software.…
Sources
Business Wire. (2005, Dec. 12). General Electric-Owned Genpact Delivers Superior Customer Service with ATG's Progressive Call Center Technology. Database: FindArticles. http://findarticles.com/p/articles/mi_m0EIN/is_2005_Dec_12/ai_n15929810/
General Electric (2008). GE Citizenship: Building a Customer Focus. http://www.ge.com/citizenship/performance_areas/customers_focus.jsp
O'Connor, Ashling (2008, Aug. 21). Thrilling Olympics give General Electric a surge in power. The Times. http://business.timesonline.co.uk/tol/business/industry_sectors/media/article4576410.ece
Samuelson, Walt. (2006). Customer Satisfaction Simplified. Ad Revamp.
Stakeholder management is also defined through a series of escalation processes to ensure that GE senior management at the subsidiary, regional and global levels stay consistent with each other from a policy standpoint as well. GE relies on cross-functional teams within their strategy planning process that also enables greater stakeholder communication as well (Thomas, Bollapragada, 2010).
GE also has extensive sustainability and "green" initiatives in place that also provide for a foundation of Corporate Social esponsibility (CS) programs. In many nations CS programs are required before Foreign Direct Investment (FDI) will be allowed. This is certainly the case in India where GE had to invest in the local school systems to ensure the quality of life increased based on their reliance on local labor and resources (Ocasio, Joseph, 2008). Nations are now holding corporations accountable for CS investments more than ever before.
Conclusion
G.E. is a very metric-driven and measurement-oriented…
References
Alwerfalli, D., & Schaaf, J.. (1 January 2010). Creating Value in Organizations Through the Use of Value Management. IIE Annual Conference. Proceedings,1-7.
Ferrari, B.. (2010). Competition and collaboration in General Electric's Global Research Group. The McKinsey Quarterly,(3), 105.
Galindo, L.. (2010). The POWER of ACCOUNTABILITY. Leader to Leader, 2010(56), 17.
Thomas, B., & Bollapragada, S.. (2010). General Electric Uses an Integrated Framework for Product Costing, Demand Forecasting, and Capacity Planning of New Photovoltaic Technology Products. Interfaces: Special Issue: The 2009 Daniel H. Wagner Prize for..., 40(5), 353-367,417-418.
The ability to
match individual employees' unique strengths with the demands of a specific
business strategy is what HR spends the majority of their time working on,
based on the feedback obtained from peer-based and superior-based reviews
of performance. GE's culture passionately believes that for any business
strategy to succeed, there needs to be an accompanying specific set of
skills employees have that will make the attainment of the goals
achievable. GE sees strategy success at the intersection of a persons'
performance and innate talents on the one hand, and the demands of a
business strategy on the other. Finally, GE is a culture that thrives and
transparency, and the review of employee performance in teams is an
integral part of fulfilling that cultural value in the company.
Leadership Training at General Electric Company
Leadership experience at GE
General Electric has always been touted as one of the most influential corporate organizations across the globe. In the U.S. alone, GE is the leading company as one of the most developed corporate body. At GE, leadership training and development forms the center role that management seeks to enhance. The company has a program where fresh graduates from college are incepted where they join the program to learn the industry's best practices. The company's leadership is focused on establishing a foundational basis that supports the generation and dissemination of learning objectives that target the population of the youth. The management believes in talent development and the creation of new blood in the organization. Other cases of leadership at the company include training the people on the best industry practices that are done to develop talent. The talent development at the…
References
GE Capital (2013). Big Manager On Campus: How GE Lands Its Pick Of Top Grads. Accessed May 11, 2015 from http://cohort.gecapital.com/newsletter/2013/03/02-07/Big%20Manager%20on%20Campus.pdf
General Electric. (n.d.). University Students. Accessed May 11, 2015 from http://www.ge.com/careers/culture/university-students
Growth of GE
General Electric was founded in 1878 and became a firm in1890 when Thomas Edison combined his different business ventures ("Thomas Edison & GE"). During this time the Thomson-Houston Company was a competitor with GE. hen each of the businesses began to grow neither company was having much success in creating electrical installations with their individual patents and technologies. By1892, the Thomson-Houston Company and GE were merged together ("Thomas Edison & GE"). The new company became the General Electric Company ("Thomas Edison & GE").
The company has been responsible for the development of the first iridescent light bulb. In addition the company was responsible for the creation of the first x-ray machine. Throughout the years the company has played a role in much historical advancement including the electric toaster (1905), commercial finance (1905), first radio broadcast (1906), electric locomotives (1908), the vacuum tube (1912) and Resins (1912). In…
Works Cited
"GE CEO keen on oil, gas deals." 12 Oct. 2010. 16 Oct. 2010
"GE's Growth Strategy: The Immet Initiative"
"GE's Immelt gets no respect" 15 Oct. 2010. 16 Oct. 2010
"General Electric screen matrix." n.d. 16 Oct. 2010 http://www.palgrave.com/keyconcepts/pdfs/Strategic%20Management%2014039_21350_10_G.pdf
Still, the future stated goal of GM is to develop an electric or hybrid version in all of its existing brands lines -- Chevrolet, Cadillac, Buick and GMC.
Outcome of changes
GM's most notable success has been overseas, where it is currently ahead of all of its competitors in the rapidly expanding Chinese market. "While GM is outpacing Ford in overseas competition, GM cannot solely depend on China for growth. While the emerging market contributed to GM's global recovery last year with 2.3 million in sales, it may not experience the same momentum this year [2011] because the Chinese government has ended incentives on small cars and rural purchases" (Benedicto 2011). Still, evidence of GM's health is seen in the fact that it recently announced that it will issue profit-sharing checks this month for hourly workers, the largest in a decade (Vlasic & Bunkley 2011:1). Talks with the UAW will…
References
Benedicto, Tanya. (2011, February 26). Should the new GM thank Waggoner? The Wall Street
Journal. Retrieved March 1, 2011 at http://blogs.forbes.com/tanyabenedicto/2011/02/26/should-the-new-gm-thank-wagoner/
Bunkley, Nick. (2011, January 11). GM plans 2 plug-in hybrids. The New York Times.
Retrieved March 1, 2011 at http://www.nytimes.com/2011/01/12/business/12volt.html?ref=generalmotorscorporation
Strategy Development at Tesla Motors
The hybrid and all-electric vehicle market is growing rapidly, and some industry analysts suggest that the future of personal transportation is in the hands of these manufacturers. One company that is in the vanguard of this industry is Tesla Motors, named for famed inventor Nikolai Tesla. The purpose of this capstone project is to provide an industry analysis to develop a strategy for the CEO of Tesla Motors to help shape the company's future.
Review and Analysis
Define strategy and examine how the definition of strategy fits Tesla Motors and its situation
Although a number of different definitions have been advanced over the years, a useful definition in an organization context states that “strategy determines the direction and scope of an organization over the long term, and it should determine how resources should be configured to meet the needs of markets and stakeholders” (Three levels…
General Electric Staffing Initiatives
DESCIPTION 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)
ECUITMENT AND SELECTION POCESS
The company operates around the world employing more than 300,000 employees. And hence staffing and recruitment more major concerns at GE as it looks around for the most talented people with strong work ethic and a serious desire to perform well in a rapidly changing environment. For this reason, staffing is carefully planned and GE takes advantage of the changing trends to hire the very best.
Kim Warne is the manager of the GE…
REFERENCES
GE official website. Accessed online 17th Feb 2011 from www.ge.com
Bob Williams, Managing Editor. GE: Clean energy concerns help drive staffing initiatives
Energy. PennEnergyJobs.
"GE PROFILE" Yahoo finance. http://finance.yahoo.com/q/pr?s=GE +Profile
Iso-Electric Point and Iron Content in Iron Hydroxide Impregnated Aluminosilicate-Based Geopolymers
Rahil Abou Saleh
Dr. Kiril Hristovski
Iron hydroxide impregnated aluminosilicate-based geopolymers (Fe-ASG) is a novel water treatment media currently under development for simultaneous removal of arsenic and inorganic contaminants. The goal of this study was to determine whether varied iron contents impregnated aluminosilicate impacts the surface charge in different pH conditions. The study tests for media types of virgin and iron impregnated ASG diluted in potassium nitrate (KNO3) for charge dispersion. pH of the sample was gradually adjusted using potassium hydroxide (KOH) and nitric acid (HNO3). Results demonstrated no significant relationship between iron content impregnated ASG and iso electric point, which suggests that surface area properties impacts the relationship.
I am especially appreciative of the guidance, encouragement, and patience exuded by Dr. Hristovski throughout the duration of this research project. Also I would like to give special thanks to…
Works Cited
Brookhaven Instruments Corporation. (2011). Zeta Potential Analysis. Retrieved from Brookhaven Instruments Corporation: http://www.brookhaveninstruments.com/products/zeta_potential/p_ZP_ZetaPALS.html
DeLuca, T., Kaszuba, M., & Mattison, K. (2006). Optimizing Silicon Emulsion Stability
Using Zeta Potential. American Laboratory News, 1-3.
Duxson, P., Fernandez-Jimenez, A., Provis, J., Lukey, C., Palomo, A., & van Deventer, J.
With such result, estimates for the 2,400 F-111 (including their exports) were significantly reduced, but nevertheless, General Dynamics still managed to obtain a $300 million profit with this project.
Grumman started also to build the F-14 Tomcat, using many of the F-111 innovations, but build solely for its purpose of serving as a carrier-borne fighter.
General Dynamics eorganization - it was in May 1965 that the company reorganized its activities into 12 operational divisions, having as a base their production lines. The board took the decision to have all future planes built in Fort Worth and thus ended the plane production in San Diego, which had been Convair's original plant. At the San Diego location the production of space and missile development continued.
The second CEO in this period, David S. Lewis required the headquarters of the company to be moved to St. Louis, event that took place finally in…
References
Canada's Air Force, Historical Aircraft - Canadair F-86 Sabre, retrieved online October 6th at http://www.airforce.forces.gc.ca/site/equip/historical/sabrelst_e.asp
Defense News Top 100, retrieved online October 5th at http://www.defensenews.com/static/features/top100/charts/top100_08.php?c=FEA&s=T1C
General Dynamics Annual Report 2007, retrieved online October 6th at http://library.corporate-ir.net/library/85/857/85778/items/284657/GD%20AR%202007.pdf
HLTH Press releases, HLTH Announces Agreement to Sell ViPS Unit to General Dynamics for $225 Million, retrieved on October 6th at http://investor.shareholder.com/hlth/releasedetail.cfm?ReleaseID=313710
The economic realities of globalization goes beyond just the affects of direct competition for Lincoln. Globalization has significantly affected Lincoln's customers as well increasing their need to continuously improve competitiveness. For this reason, even small improvements on cost efficiency or quality can equate to big profits for customers. In fact, Lincoln's mission is centered on providing the most innovative, cost-effective, quality welding and cutting solutions to their company ("Corporate").Lincoln has capitalized on this with producing one of the few technologically differentiated products in the marketplace.
Another important social trend affecting the company is unionization. In it's long history, Lincoln has never felt the effects of unionization. Much of this is due to management's continued belief from early on that management and employees were an intrinsically intertwined team. Currently, the average employee earns nearly twice as much as other Cleveland area factory workers. However, despite this significant difference in payroll costs,…
References
110 Years of Excellence. 2007. Lincoln Electric Company. October 10, 2007 http://www.lincolnelectric.com/corporate/ about/history.asp' target='_blank' REL='NOFOLLOW'>
Lindsay Electric Company Case Study
Lindsay Electric Company is a company that focuses on the distribution of electrical automation and power transmission products. The firm recently started to implement a total quality management process through which the manager commenced a process of data collection regarding its receiving procedure. This process was initiated by the manager because of the recent decline in the company's on-time deliveries. While an analysis in the purchase department showed that the data entry person was doing an excellent job, the firm experienced significant delays in handling packages designed for branch operations and error data in packaging. These issues can be resolved through analysis of the error data and utilizing findings to develop appropriate strategies for operations management.
Control Chart
Based on this chart, the satisfaction levels are very low. In the first week, the handling of packages had minimal error and was nearly within the satisfaction…
References:
O'Farrell, R. (2014, August 28). What is a Pareto Analysis? Retrieved September 14, 2014, from http://www.ehow.com/facts_6001734_pareto-analysis_.html
"Pareto Analysis." (n.d.). Mind Tools -- Essential Skills for an Excellent Career. Retrieved September 14, 2014, from http://www.mindtools.com/pages/article/newTED_01.htm
In response, the employees have largely been focused on achieving the same results that managers want to achieve, knowing that they will be rewarded if they succeed. The result is a longstanding culture of excellence and one of cooperation between management and the workers.
These human resources practices compare favorably with others in the industry, and seem to form a competitive advantage for Lincoln. The policies create a positive work atmosphere and strong motivation for the employees to contribute to the generation of corporate profits. Workers are highly skilled and there is low turnover, so there is a considerable amount of expertise in the company. In general, Lincoln's HR practices are excellent and contribute to the company's long-term track record of success. Certainly the view that employees come before customers is a positive view for Lincoln, because the quality of employees that they are able to attract, retain and subsequently…
South Florida, especially Broward County, has showed the most eagerness, with eighty seven percent in favor of solar energy investment. Central Florida and the Gulf Coast were close behind, and eighty percent of those living in North Florida also favored more state venture for solar energy. hile voters of all ages said they approved of spending more on solar, ninety three percent of those between eighteen and thirty four agreed. Statewide, the accord crossed party lines, with eighty two percent of Republicans favoring more public capital for solar energy, compared with eighty seven percent of Democrats. The poll also showed strong support for solar energy even if it led to an increase in utility bills. Overall, eighty one percent of those polled said they were willing to pay more each month on their utility bill to sustain solar energy (Poll: Support up for solar energy investment, 2008).
The sun is…
Works Cited
Borenstein, Severin. 2008. "The Market Value and Cost of Solar Photovoltaic Electricity
Production." Web. 29 March 2011.
"Clean Energy Never Looked So Good." 2011. Web. 29 March 2011.
"Environmental Effects of Solar Energy." 2011. Web. 29 March 2011.
Tesla Marketing Plan
For over a decade, Tesla Motors has emerged as one of market leaders in designing, manufacturing, and selling luxurious electric cars, battery components, and powertrain components. ith its establishment in 2003, the company has established an innovative niche in the electric car business. Tesla has developed a market strategy that embodies the company's core values in the luxury electronic vehicle business. ith this strategy, the company establishes a competitive niche that surpasses other players in the market.
ith this strategy, Tesla can benefit from gaining a significant market share, brand loyalty and awareness, and realization of profits through the adoption of new strategies. In this paper, we look into the market success plan for Tesla Motors (Damodaran 40).
In this case, we develop a fully electric, brand new, and entry-level car named Tesla Z. The car will possess core components of a Tesla vehicle. However, the creation…
Works Cited
Ayre, James (2015, March 28). "Electric Car Demand Growing, Global Market Hits 740,000 Units." Clean Technica, 28 March 2015.
Damodaran, Aswath. Investment Valuation: Tools and Techniques for Determining the Value of any Asset, University Edition. New York: John Wiley & Sons, 2012. Print.
Kalla, Susan. "Demand For Tesla Is Not The Problem, Switching The World To Electric Cars Is" Forbes. 30 November 2014. Web.
For example, this year the company would have been affected by the weather disasters, energy changes, the War in Iraq, economic fluctuations and political changes and, from an employee standpoint, anything that would influence the well-being of their personnel.
Financially GE is a very strong company. GE has paid a dividend each quarter for over one hundred years. In addition, GE's dividends have been raised for 29 consecutive years. Recently, some of its financial honors include: In Fortune Magazine's 2005 "Global Most Admired Companies" list, GE ranked first overall; In Fortune Magazine's 2005 "America's Most Admired Companies" list, GE ranked second overall; GE was ranked first in the Financial Times' 2004 "World's Most Respected Companies Survey" for the seventh consecutive year since the Survey's inception in 1998; GE was named to the Dow Jones Sustainability World Index as one of the world's leaders in environmental, social and economic programs. In…
Overall, GE is a very good company for which to work, if an individual likes working for large global organization. Especially for individuals who are just graduating from college and those still getting their degree, the organization has a number of well-known internship and entry-level programs for men and women and individuals of all backgrounds.
GE Company. Website retrieved November 1, 2005. www.ge.com
Workplace Fairness. Lawsuits in the News. Website retrieved November 1, 2005. http://www.workplacefairness.org/index.php?page=courtcases&state=TX
Well, GE under Welch certainly did make a profit, but at the expense of many of the stakeholders and certainly at the expense of the environment and many laws. They did not address the social inequities their operations caused, either in the Hudson River or in the case of the many displaced workers who were put out of work due to Welch's management principles and his ruthless cost-cutting measures. While GE does engage in philanthropy, it treated its own stakeholders with disregard and that is dismaying, and in complying with the general principles of corporate responsibility, GE really gets a failing grade in almost every area. They took a company that generated employee loyalty and respect, and turned it into a company that treated employees like second-class citizens who could be fired on a whim, and that was soundly Welch's doing, leading his company down a path that was far…
This would be something that was difficult for most competitors to match, and would therefore provide GE with a source of sustainable competitive advantage.
Welch also saw decision-making speed as essential to his change process. He reduced the amount of paperwork and study relating to decisions to both free up the flow of valuable information and to speed up the decision-making process. Again, this was a means of differentiating the capabilities of GE from those of rivals. GE would gain competitive advantage time and again by responding more quickly to changes in the environment than its competitors. His five-page environmental outlooks were another example of how GE would always know its market position and the position of its competitors in order to make decisions more quickly.
There were a number of impacts of these changes on GE. The sense of urgency was created and the culture changed. The company began…
GE Global Initiatives
General Electric (GE) is a huge, multi-national company and its business decisions can have significant impacts, both positive and negative, not only on countries where it actively operates but also on countries within its supply chain. As a result, its global initiatives can be very broad and seemingly outside of GE's scope of operations. GE's human rights initiative is one such global initiative. Human rights violations are rife in the international community, particularly in areas of labor, and GE has made a commitment to reducing or eliminating human rights violations in its supply chain wherever possible. One way that GE has done so is by participating in a boycott Myanmar because of the relationship between Myanmar's old government and human rights abuses. However, recent elections may have changed the reality of business in Myanmar, and GE is taking steps to ensure that, if it engages in business…
References
General Electric. (2012). 2012 sustainable growth: GE citizenship summary. Retrieved October
1, 2013 from GE.com website: http://www.gecitizenship.com/2012-report/download-the-2012-report/
Human Rights Watch. (2013). Human rights in Burma. Retrieved October 1, 2013 from HRW
website: http://www.hrw.org/burma
Hazards on the Hudson
Imagine, if you will, a sunny day. A boy and his father are fishing on the beautiful waters of the Hudson River. Excitedly, the boy yells, "I got a fish! I got a fish!" He reels it in and his father removes the hook from its mouth. Dad says, "That sure is nice one, son." He then tosses the fish back in the water. hen the boy asks why, the father explains that the fish in these waters are dangerous to eat. They contain high levels of Polychlorinated biphenyls (PCBs).
Since the middle part of this decade, the GE Company used PCBs to pack and insulate their electrical components. During this manufacturing process they managed to dump millions of tons of dangerous chemicals into the Hudson River. Now the EPA has ordered GE to help clean up the mess they created. The legal battle has been…
Works Cited
CleanupGE.org. Toxics on the Hudson: The story of GE, PCBs and the Hudson River. Retrieved at http://www.cleanupge.org/pcbarticle.html Accessed August 2002.
Clearwater.org. Fact Sheet 8: Hudson River PCB Pollution Timeline. News and Bulletins. 1997.
Retrieved at http://www.clearwater.org/news/timeline.html Accessed August 2002.
Dupont, Anna. Hudson River Interview Comparison Chart. 1999. Retrieved at http://www.marist.edu/summerscholars/99/pol/chart.htm Accessed August 2002.
Jack Welsh, former chief executive officer at General Electric stated that the Six Sigma was "the most challenging and potentially rewarding initiative we have ever undertaken at General Electric." His beliefs are supported by the financial results. The annual report for the fiscal year ended on the 31st of December 1997 pointed out an increase in operating revenues larger than $300 million. The subsequent reports also reveal significant increases in income for the following years (Breyfogle, 2003).
5. Conclusions
The highly competitive business environment of today forces entrepreneurs to implement a wide series of strategies which help them achieve differentiation and customer loyalty. A rather useful means of achieving this is through the implementation of the Six Sigma model. The concept was first used by Motorola and since then, it has proved its application in numerous fields and for the benefits of numerous organizations and their stakeholders.
The theoretical model…
References
Breyfogle, F.W., 2003, Implementing Six Sigma: Smarter Solutions Using Statistical Methods, 2nd Edition, John Wiley and Sons Inc.
Pyzdek, T., 2003, the Six Sigma Handbook, the McGraw Hill Companies
2008, iSix Sigma Website, http://www.isixsigma.comlast accessed on November 24, 2008
2008, Website of General Electric, http://www.ge.comlast accessed on November 24, 2008
When Immelt took over as CEO of General Electric in 2001, he pledged to continue the tradition of Six Sigma that had been created by Jack Welch. However, in the years that have passed since Immelt gained control, the GE organization has struggled to maintain the same quality of culture that existed under the leadership of Welch. Brady (2004) interviewed Immelt about his position on Six Sigma in the organization. In this interview, Immelt admitted that his push toward innovation had made Six Sigma less of a driving force for quality development in the organization. While Immelt contends that he still utilizes Six Sigma as a foundation for operations in the organization, he also notes that Six Sigma and innovation cannot exist simultaneously.
Despite the challenges facing Immelt in his efforts to develop the organization, research demonstrates that this leader has had notable success in this area. To demonstrate the…
References
Brady, D. (2005). The Immelt revolution. Business Week, 3926, 64-73.
Cummings, K. (2005). Chapter one: early life. Jack Welch, 1.
Gunther, M. (2004). Money and morals at GE. Fortune, 150(10), 176-182.
Six Sigma leaders. (2005). Quality, 44(3), 80.
GE & Strategy
"Indeed, diversification and decentralization had been the major strategic thrusts of GEs two prior CEOs…" (Walker, General Electric Strategic Position-1981, 1993). Under decentralization, GE's departments were building blocks with their own product market, market strategies, finance, engineering, manufacturing, and employee relation functions. With expansion came problems of permissiveness and lack of proportion. Employees lacked experience. GE had profitless growth, massive investments with long payback periods, poor planning, and poor understanding of the businesses.
In the 1970s, GE was restructured with corporate staff in two parts to implement a hierarchical structure. There was shift in the business mix. ut, this structure created major communication problems. GE moved into the sector structure. This developed the problems of discontinuities of strategic plans and unnecessary costs from duplication and uncoordinated actions. GE was moving in all directions with no focus to where it was going.
In 1981, when Jack Welch became…
Bibliography
Bartlett, C.A. (2005, May 03). GE's Two-Decade Transformation: Jack Welch's Leadership. In G. Walker, Modern Competitive Strategy. Retrieved from Harvard Business School.
(1993, Mar 24). General Electric Strategic Position-1981. In G. Walker, Modern Competitive Strategy. Retrieved from Harvard Business School.
Walker, G. (n.d.). Managing the Multibusiness Firm. In G. Walker, Modern Competitive Strategy (pp. Chapter 11, pages 309-331).
Strategic ecommendations
Started in 1973 as an addition, General Electric Capital (hereinafter alternatively "GE Capital" or "the company") is currently one of the largest divisions of General Electric. The company competes in the commercial lending and leasing sector, and provides a wide range of financial services for healthcare, media, communications, entertainment, consumers, real estate, and aviation. The company has more than 50,000 employees working in 55 countries. Following the Great ecession of 2008, the company revised its primary strategy of vertical expansion through a series of fairly unrelated major acquisitions to an approach that focuses on forging strategic partnerships and joint ventures to achieve its dual corporate goals of diversification and expansion as described further below, followed by a summary of the research and important findings in the conclusion.
eview and Analysis
Evaluation of strategy recommendations and business case for implementing recommendations
Given the company's current diversification into disparate components,…
References
Beinhocker, E.D. & Kaplan, S. (2009, August 6). Tired of strategic planning? Many companies get little value from their annual strategic-planning process. The McKinsey Quarterly,
119-121.
Edmonds, T.N. & Stevenson, L.J. (2011, July). Forgive us our debts: The Great Recession of
2008. Journal of Legal, Ethical and Regulatory Issues, 14(2), 37-41.
Within the wealth nations, product performance and features matter most. The introduction of the low-cost product in the developed nations might weaken a high-priced and high-quality products designed for hospitals in the wealthy countries.
Case analysis of an Article tiled "Building a Company without Borders." (Becht, 2010).
The goal of the author is to reveal the global operation of B (eckitt Benckiser). The B's global version is to allow company top managers to hold managerial positions uniquely in other countries rather than their countries of origin. The company managers do not hold managerial positions in their country of origin making the company top managers to view themselves as global citizens.
Key Arguments
The company operates in more than 60 countries and its top 400 managers are from 60 different nationalities. The company has developed culture of global mobility to create global entrepreneurships in order to develop new ideas.
Importance of…
References
Immelt, J.R. Govindarajan, V. And Trimble, C. (2009). How GE is Disrupting itself. Harvard Business Review. 7(10):56-65.
Becht, B. (2010). Building a Company Without Borders. Harvard Business Review. 88 (4): 103-106.
HR
One of the problems that may arise in other problems relates to the number of employees. Of course, this method worked with a reduced number of employees (we are not talking about the big General Electric, but about a small joint venture. THE general Electric has 300,000 employees. How could cross functional entities work there?). In my opinion, this kind of system can never work in larger entities.
A second problem that may arise is related to the cross functional, matrix-like type of organization this system implies. We may be facing the following problem: the worker in the manufacturing department has to answer to the manager of the manufacturing department, to the HR Manufacturing Manager, to the Sales Manufacturing Manager (it is an extreme example, but it could be the case), etc. This type of cross subordination is always tricky: the employee has to know where to get his…
GE Healthcare (A): Innovating Emerging Markets ead case study titled "GE Healthcare (A): Innovating Emerging Markets" Write a page paper: Determine (2) emerging trends external environment prompted General Electric (GE) Healthcare develop a strategy production marketing a low cost Electroencephalography (EEG) machine bottom pyramid markets (BOP).
GE Healthcare (A): Innovating for emerging markets
India's population of patients with serious heart-related conditions is rapidly expanding: as unfortunate as the statistic that over 80% of heart-related deaths now occur in the developing world may be, from General Electric's perspective this was an opportunity it could capitalize upon. There was clearly a need for new medical devices to screen for and treat these conditions. However, when developing a new low cost electroencephalography (EEG) device, GE was acutely aware of the fact that it would have to adjust its approach to the unique needs of the foreign marketplace it wished to enter: it could…
References
Singh, J. (2011). GE Healthcare (A): Innovating for emerging markets. INSEAD.
OSIIT
An analysis of IT policy transformation
The aim of this project is to evaluate the effectiveness of information security policy in the context of an organization, OSI Systems, Inc. With presence in Africa, Australia, Canada, England, Malaysia and the United States, OSI Systems, Inc. is a worldwide company based in California that develops and markets security and inspection systems such as airport security X-ray machines and metal detectors, medical monitoring anesthesia systems, and optoelectronic devices. The company is also represented by three subsidiary divisions in offices and plants dedicated to the brands, apiscan Systems, OSI Optoelectronics and SpaceLabs Healthcare.
In 2010, OSI, Inc. had sales of $595 million with net income of over $25 million. As of June 2010, the company was comprised of 2,460 personnel globally. The parent company provides oversight and fiscal control to the different divisions, and is connected through its virtual network world-wide intranet system;…
References
Allen, J. (2005). Governing for Security: Project Stakeholders Interests. News at SEI. Retrieved on 5SEPT10 from http://www.sei.cmu.edu/library/abstracts/news-at-sei/securitymatters20054.cfm
Computer Misuse Law, 2006. Parliament UK. Retrieved from: http://www.publications.parliament.uk/pa/cm200809/cmhansrd/cm090916/text/90916w0015.htm#09091614000131
Diver, S. (2006). Information Security Policy -- A Development Guide for Large and Small Companies. SANS Institute InfoSec Reading Room. Retrieved on 30 Sept 10 from http://www.sans.org/reading_room/whitepapers/policyissues/information-security-policy-development-guide-large-small-companies_1331
Global IT Policy (2009) OSI, Inc.
My family already recycles, and I am working with my community association to change garbage service providers to one that takes a broader range of recyclable materials, to encourage more recycling in my neighborhood. At home, my family has also stopped drinking bottled only eats organic free-range meat and poultry products, though we still drink bottled water and eat factory-farm products when dining out. While none of these changes can completely eliminate my carbon footprint, I think that if all Americans embraced these types of changes, we could see a noticeable difference in the continued rate of climate change and environmental destruction.
Economically
While it may be difficult to forecast the environmental future, it seems like making a ten-year financial forecast would be impossible in these difficult financial times. However, I think that I can accurately predict that I will be doing well financially in ten years. I am fortunate…
Welch Leadership Development Center. The reason why these areas are important is because they are working to create a basic foundation of leadership skills. As, having young managers are learning the proper leadership techniques that will help them to be able to understand how to effectively work with staff members. Once this occurs, is when they will learn the different ways to reach out to them and motivate each person to do something more for the firm. While, the time that they are spending at the Jack Welch Leadership Development Center, which will help new executives to learn various tools for effectively leading an organization and how they can be applied in a corporate environment. These elements are important, because they are showing that the combination of these factors are creating an approach that is teaching new managers proper leadership techniques and the way they are applied in the real…
Bibliography
"GE OMLP Job Cast." You Tube, 2011. Web. 17 Dec. 2011
"Leadership & Learning." GE, 2011. Web. 17 Dec. 2011
Sales Channel Comparison
Consumer Channel (Lands' End)
Land's End is a world leader in multi-channel retailing and multi-channel management, selling online, over the telephone, through its own stores, affiliate stores and through Sears' larger retail outlets. Sears Holdings acquired Lands' End in 2001 and has since then continually integrated the company's products into the Sears selling channels as well. The core focus of the company from a product standpoint is casual and customizable clothing for men, women and children including infants. In addition, the company also sells many accessory items including handbags, travel accessories and weather-related personal products. Another part of the company's channel are its 15 different Inlet and NQP-branded stores operating in Illinois, Minnesota, New York and Wisconsin. The company has made many horizontal marketing system decisions including expanded into Land's End School and Land's End Business Outfitter, in addition to Land's End International. This last venture moved…
References
Sue F. Abdinnour-Helm, Barbara S. Chaparro, & Steven M. Farmer. (2005). Using the End-User Computing Satisfaction (EUCS) Instrument to Measure Satisfaction with a Web Site. Decision Sciences, 36(2), 341-364.
Prabhu Aggarwal, & Ram Ganeshan. (2007). Using risk-management tools on B2Bs: An exploratory investigation. International Journal of Production Economics, 108(1/2), 2
Baker, Thomas L. (1993). Leaders in selling and sales management: An analysis of the. The Journal of Personal Selling & Sales Management, 13(2), 91.
A GE B2B Faces Life on Its Own. (2002, June). Business Week (Online),1.
Job Application
Why are you applying for a role in your chosen area? (Demonstrate your suitability for the position(s) sought.)
In September of 2002, I graduated with honors with a degree in Civil Electronic Engineering from the Free University of Brussels (V.U.B). Although I enjoyed studying this discipline and pursuing my degree, I have come to realize that my naturally extroverted personality is far more suited and more fulfilled in the fast-paced world of business and finance. This is why I have decided to apply for an entry-level position for the Financial Management Program (FMP) at General Electric.
I do not only seek an education for myself in my new, chosen field. I also believe that my background has given me, as a person, a good deal that I can offer to GE as a company. A civil electronic engineer, such as myself, is often confronted with highly complex mathematical…
Merger, Acquisition and International Strategies
Mergers, Acquisitions and International Strategies
A merger is a combination of two or more business entities with the aim of consolidating the resources that they have and creating a single entity with that. The process of merging is done through acquisition or direct pooling together of the resources available. Acquisition occurs when a firm buys a stake in another firm and assumes control of it. Acquisitions are part of growth strategies paid for in cash, payment through stock of the acquiring company or both. Mergers and Acquisitions commonly denoted by M & A work hand in hand and are in recent times seen as one. M & A is a strategy of finance and management dealing with the selling, buying, combination of, firms and entities to help grow a firm rapidly. M & A occur to help a firm create a new strategy, joint venture…
References
GM:New York Stock Quote - General Motors Co - Bloomberg. (n.d.). Bloomberg - Business, Financial & Economic News, Stock Quotes. Retrieved December 1, 2012, from http://www.bloomberg.com/quote/GM:U.S .
General Motors | GM.com. (n.d.). General Motors | GM.com. Retrieved December 1, 2012, from http://www.gm.com/
Tesla Motors | Premium Electric Vehicles. (n.d.). Tesla Motors | Premium Electric Vehicles. Retrieved December 1, 2012, from http://www.teslamotors.com/
al.). The greatest benefit of implementing a national broadband plan is that it will significantly raise the educational levels of students, as they will have e-learning and online teaching materials available to them. Their teachers and schools will have an enriched learning experience that will allow for individualized instruction that will also lead to many of these students graduating from high school. It has been shown throughout U.S. Census data that dropout rates correlate to per capita income levels of specific regions, with lower-income areas generating the highest rates of high school dropout percentages (Heckman, LaFontaine, 244). Having broadband accessible to these students will give them the chance to break the cycle of poverty that keeps high dropout rates in place. Using broadband for teaching trades in high school for example will give these students and their families a chance to rise out of poverty.
Second, the implementation of a…
References
Crossman, J., D. Wagle, and J. Wilkins. "Broadband: Improving access. " the McKinsey Quarterly 3 (2009): 59.
Ford, G., L. Spiwak, and M. Stern. "Expanding the Digital Divide: Network Management Regulations and the Size of Providers. " SSRN Working Paper Series: 1 -- 18.
Heckman, J., and P. LaFontaine. "THE AMERICAN HIGH SCHOOL GRADUATION RATE: TRENDS and LEVELS. " the Review of Economics and Statistics 92.2 (2010): 244.
Kirby, P., and T. Gotsch. "In FY 2011 Budget, Obama Administration Again Pushes Spectrum Proposals, Seeks Spending Hikes for FCC, NTIA. " Telecommunications Reports 15 Feb. 2010
2) states:
An eligible employee shall be entitled to a total of seven days of leave because of the death of a parent, spouse, son, daughter, or person for whom the employee serves as designated representative... If the deceased died in the line of duty as a member of the uniformed services. Such leave is intended to permit the employee to prepare for or attend the burial ceremony of the deceased member of the uniformed services and may be paid or unpaid leave.
Conversely, however, the United States Federal government presently has no laws in place to similarly (or otherwise, in comparable and appropriate ways) formally acknowledge and honor the passing of federal government personnel other than military personnel.
According to U.S. Code Title 5, Part III; Subpart E; Chapter 63; Subchapter II (2005), the federal government does in fact authorize, according to three separate sections of Title 5: (1)…
References
Acuff, J. (c2004). The relationship edge in business: Connecting with customers and colleagues when it counts. Hoboken, N.J.: Wiley.
Andrus, P. (2005). Grief in the workplace. Martin & Castille. Retrieved February 3, 2005 at http://www.mourning.com/your_grief_workplace.html .
Banusiewics, J.D. (2004). Customs of military funerals reflect history, tradition.
United States Department of Defense. Retrieved January 31, 2005, at http://www.defenselink.mil/news/Jun2004/n06102004_200406106.html .
It was during the same period that hostilities with the communist leadership culminated into the bombing of Libya, loggerheads with the Soviet Union and a stiff arms race with the U.S.S.R.
It is also significant to note that it was during the same time that he successfully engaged Mikhail Gorbachev who was then the Soviet General secretary and culminated into the signing of Intermediate-Range Nuclear Forces (INF) treaty that signaled the end in arms race and both countries agreed to decrease in nuclear weapons in their custody.
Upon ascending to presidency, Reagan was bent on introducing new political as well as economic dispensations radically. He advocated more for supply-side economics which saw him push for reduction of tax rates to speed up economic growth, money supply control to check inflation, reduction of regulation on the economy particularly business to encourage competitive and free-market free for all which as a matter…
Intercultural Conflict Management
Today's society is a multicultural environment that holds both extreme promise and conflicts (Adler, 1998, pp. 225-245). Through rapid developments in technology, global communication has been revolutionized in the past few decades. By the end of the twentieth century, new technology made it simple for people in different cultures to communicate with each other at lightning speeds.
As a result, a greater number of people are exposed to cultures other than their own. Due to communication technology, people are no longer isolated by borders and other obstacles and have ample opportunities to experience different cultures.
However, this incredible occurrence has brought conflict amongst people from different cultures, due to differences in language, manners, opinions, lifestyles and other factors. As a result, intercultural conflict management has become necessary in helping people to understand one another.
About Conflict
Conflict occurs at all levels of human interactions, whether it is…
Works Cited
Adler, Peter S. Beyond Cultural Identity. (1998) Reflection on Multiculturalism. MA: Intercultural Press.
Augsburger, David. (1992) Conflict Mediation Across Cultures. Louisville: Westminster/John Knox Press.
Avruch, K. (1998). Culture & Conflict Resolution. Washington, DC: United States Institute of Peace Press.
Avruch, Kevin and Peter Black. (1991). The Culture Question and Conflict Resolution. Peace and Change Vol. 16.
Rayovac Corporation
Welcome to the new and improved Spectrum Brands ®. The organization has embarked on a cost reducing strategy that will enable our business to focus on our primary businesses whilst removing the non-core businesses. Divesture will not facilitate a cost to our firm. We seek to obtain profits by selling off assets and by reducing liabilities outstanding. The liabilities such as pensions can be bought at a value below maturity and therefore removed from the balance sheet as a future long-term liability obligation.
The feasibility of divesture, as well as debt restructuring is not novel. However, many businesses choose not to 'cut the fat' so to speak and remain marginally profitable due to the dragging business lines. We seek to sell off these marginal performers and perhaps invest into a new line of business. new line that will continue to see growth in a booming industry such as…
Additionally, given the lower growth forecasts in a few of the business lines, the idea of restructuring the debt makes great sense. The debt obligations for the short-term include a number of term loans in varying currencies as well as revolving credit and capitalized lease obligations. The amounts of all debts aggregate to over 2.270mm through 2015. The rate of interest is of particular importance as a loan for 26 is pegged @ 10.3% with two large outstanding loan amounts totaling almost 1mm at 8.55%.
The stock price will be a bargain considering the debt elimination from the balance sheet and therefore will likely be recommended as a buy given the debt restructuring, the divesture of non-core operating businesses, and the revenue growth from the stable brands in the growing markets. Increases in commodities costs also seek to undermine profitability and therefore futures hedging which is a function of the currency hedge should continue.
Largely, the profits generated (16.1mm approx.) from the overseas markets were from the sales as a function of the currency value of the Euro to the U.S. Dollar. Yet when commodity costs increase, the firm relies more on these overseas sales to drive profits which can cause an artificial increase in sales revenue due to the overheated nature of the overseas economy. Hedging by engaging the futures market and locking in current prices in case of a supply crunch yielding a supply constraint does occur.
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 targets expensive" (p. 202). Moreover, despite the commonly held perception that mergers are a "quick and dirty" way to grow a business and achieve organizational goals, there remains a lack of convincing empirical evidence in support of this perception (Medlen 2007). As Medlen points out, an "anomalous fact about mergers concerns the lack of evidence that mergers are profitable. This fact begs the question: why then are mergers carried out with such frequency and with such large levels of capitalization?" (p.…
References
Ahern, K.A. & Weston, J.F. (2007). 'M&as: the Good, the Bad, and the Ugly.' Journal
of Applied Finance, vol. 17, no. 1, pp. 5-7.
Babbie, E. (1990). Survey Research Methods (2nd ed.). Belmont, CA: Wadsworth
Publishing Company.
All these aspects of a B2B transaction, when consistently executed on, create a level of trust that becomes one of the strongest and most unassailable differentiators there are in a market.
Companies occupying the second highest layer, Collaborating, are using portals and other Internet-based tools to maximize information sharing and co-development of strategies and the co-sharing of communications tools and ultimately platforms. Security, DRM and digital signature strategies all aimed at increasing trust as a differentiator; apply equally across B2B and B2C selling strategies, with B2B-based approaches having the greatest long-term impact on eventually quantifying trust and leading to greater levels of synchronization across channel, supply chain, and selling partners.
Anticipating, the second highest level in the maturity model, is where the majority of companies are today from both a B2B and B2C perspective. The focus on making a strong correlation between making information flow optimized vs. striking a collaborative…
United Technology Corporations in regard to its strategies, financial performance and general stock performance. The conglomerate's strategy and positioning is presented in regard to its various constituent firms. A conclusion is provided on the basis of the obtained financial outlook.
Financial performance and strategy
Capital markets considerations
UTC's financial and investor ratios
Price to Operating Profit (P/OP)
Price to Book Value (P/BV)
UTC's corporate strategy and positioning
United Technologies Corporation (UTC) is an American multinational conglomerate that has its headquarter in the United Technologies Building which is located in Hartford, Connecticut (UTC,2011).The company deals in research, development as well as manufacture of cutting-edge technology products in various areas such as aircraft engines, HVAC, fuel cells, helicopters, escalators and elevators, fire equipment, security, industrial products, and building materials among other products. The company is a major U.S. military contractor (Stewart, 2005, p.2) for which it produces missile systems as well as…
References
Bern, MD (2011).Enhanced Income strategies for United Technologies
http://seekingalpha.com/article/296629-enhanced-income-strategy-for-united-technologies
Cota, E (2011). United Technologies Corp: cash flow valuation http://seekingalpha.com/instablog/817168-eric-cota/191938-united-technologies-corp-cash-flow-valuation
Dividendvalue (2008). Stock Analysis: United Technologies Corp (UTX) A Buy At This Pricehttp://dividendsvalue.com/1433/stock-analysis-united-technologies-corp-utx-a-buy-at-this-price/
As has been mentioned throughout this thesis, the entire aspect of mass customization as it relates to the development of a stable quote-to-order process throughout manufacturing is critical. In this specific area is where many manufacturers face the dilemma of being entirely project-based in their manufacturing and business strategy approach or move more towards functional manufacturing with the exception being mass customization and a more fluid, agile, quote-to-order process. Figure 1 shows this dilemma graphically.
Source: LWC esearch
Figure 1: Manufacturer's dilemma regarding mass customization and channel implications of integration
Underscoring the synchronization of ESB hubs and accompanying use of state engines to unify channels and ensure complex processes including order-to-cash, inquiry-to-order, inquiry-to-cash, and many others. The span of integration that manufacturers are achieving with ESB platform integration in support of these core business processes is also illustrated in Figure 2, an example of a Brokered ESB Pattern Model, from…
References
Abrahams (2005) - Regulatory Compliance: Business Opportunity/Technical Challenge. Bloor Research.
Northamptonshire, United Kingdom
IBM Workplace for Business Strategy Execution (2006) - From the book of the same name. Authors Philip Monson, Katinka Kantor, Lee Barnes, Suzanne Minassian, Jennifer Bloom. IBM Corporation Redbooks Publishing. June, 2006. IBM Corporation.
IBM Developer Roadmap (2006) - Part of the working series of BPEL Programming Standards and a specific roadmap on the technology of BPEL4WS as it relates to SOA: