This website uses cookies to ensure you have the best experience. Learn more

Ge's Growth Strategy Essay

691 words - 3 pages

GE’s Growth Strategy: The Immelt Initiative

1. When Immelt took over as CEO of GE, he was faced with many unexpected challenges which caused a need for change. Within 4 days of his first day as CEO, the terrorist attacks on the World Trade Center occurred. This act caused a huge downturn in the economy as well as in the confidence of consumers worldwide. Immelt immediately saw the need for action on GE’s behalf as he reassured consumers by reaching out to victims, rescue workers, and their families. He also saw the need for financial reassurance and bought 25,000 shares of GE stock on his own personal account. He remained confident that he could keep the constant growth going ...view middle of the document...

One was called Growth Engines and the other was called Cash Generators. Growth Engines accounted for 85% of earnings and had potential to grow annually. Cash Generators were not big on growth, but could consistently bring in cash flow.
The Growth Engines of the company are: Commercial Finance which offers financing options for businesses; Consumer Finance which provides credit services for individuals; Energy which provides solutions for types of gas, oil, renewable energy, and energy management; Healthcare which provides diagnostic and solutions to the healthcare industry; Infrastructure which offers high-tech solutions to industries; NBC which is one of the world’s fastest growing media companies; and Transportation which consists of Aircraft Engines and the Rail industry.
The Cash Generators of the company are: Advanced Materials which provides materials such as engineering thermoplastics, silicon based products, technology platforms, fused quartz, and ceramics to a wide range of industries; Consumer & Industrial which provide appliances, lighting products, integrated industrial equipment to over 100 countries; Equipment Services which provides leases, sales,...

Other Papers Like Ge's Growth Strategy

Organization Final Essay

4077 words - 17 pages capitalization. The Company achieves an increase of 20% in both profits and revenues year after year. Maintain Competitive Advantage GE manages to accomplish this through increased efficiency, global dominance, and exploring new opportunities. Policies to Maintain Competitive Strategy, GE’s business-to-business e-commerce venture GE Global Exchange Services According to the Website, it manages, the world’s largest electronic community of more than 100,000

Diversity Action Plan Due To Future Trends In Population Growth, It Will Be More Important Than Ever For Organizations To Prepare For The Challenges And Opportunities Presented By Diversity

2767 words - 12 pages workers ready to work for low wages and tech-savvy entrepreneurs in the South Asian nation." Many companies have since followed GE's lead and have moved parts of their operations from the U.S. to India and other countries.Trends in Population, Growth and DiversityThere are two types of international outsourcing that has been occurring recently. There is the Business Process Outsourcing (BPO) and the Information Technology outsourcing (IT). BPO is

Business Management

1382 words - 6 pages that the firms management possess the strong capabilities necessary to successfully execute this strategy. This in mind, the Goold and Campbell style that I would adopt is the strategic control style based on…. Because the company has many unrelated businesses, in many industries and in many geographic regions, it is quite unlikely that corporate centre management would be adept at the capabilities required to manage these businesses. Most

Ge Alstom

2562 words - 11 pages Find our latest analyses and trade ideas on Alstom saga ends with a “ménage à trois” General Electric; Market Cap: $299.6bn (as of 06/11/2015) Alstom; Market Cap: $9.06bn (as of 06/11/2015) Introduction General Electric finally concluded its €9.7bn (about $10.6bn) acquisition of Alstom’s power business after getting the final regulatory approvals. The deal represents GE’s biggest ever industrial acquisition. GE's offer was

Corning Glass

3110 words - 13 pages stream isn’t totally dependent on one market sector. The core focus of the company has been on innovation and a long-term focus on return on investment, and this enables Corning to obtain and sustain competitive advantage in the materials and process technology domain. Corning has evolved from starting out as a bulb manufacturer in the middle of the 19th century to the giant multi-national, multi-product corporation of today. Its strategy to remain

Chinese Energy Market Entry

4349 words - 18 pages growing faster than anyone could have anticipated. With this rapid growth, China also moved back towards an energy intensive industry, growing at 4 times the expected rate. In 2006, China accounted for 15% of the world’s energy demand.   What is driving the energy consumption? The main source of growth is the energy-intensive production of “heavy” industry, or major construction projects. Although, industrial energy efficiency has, in fact, been

Six Sigma

4320 words - 18 pages Six Sigma is a set of tools and techniques/strategies for process improvement originally developed by Motorola in 1981.[1][2] Six Sigma became well known after Jack Welch made it a central focus of his business strategy at General Electric in 1995,[3] and today it is used in different sectors of industry.[4] Six Sigma seeks to improve the quality of process outputs by identifying and removing the causes of defects (errors) and minimizing


5917 words - 24 pages focus of a boot camp, and achieving them is worth a great deal. That's why so many of the top-performing companies put their faith in such programs. In the mid1980s, I ran General Electric's Crotonville leadership development center, where 1 led the development of its Corporate Entry Leadership Conference, a three-day program in which new hires leam about GE's strategy, its culture, and a bit about themselves. "Old man Watson" at IBM ran

Mis Chapter 7

4585 words - 19 pages open the lock box. They will still need to synchronize with GE's service, or the device won't work. Sprint's PDA also has built in cellular capabilities, so not only can this information synchronize real-time, but agents can send or receive additional information. This product functions as a: • Cell Phone • Pager • Electronic Key • Financial Calculator • Day Timer • Contact Manager • MLS Book c. Describe

Freedom And Responsibility

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were

Hate Crime Laws

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

Related Essays

This Is A Test Essay

2890 words - 12 pages bank holding company. Aid received from the Federal Reserve by GE has also become a political issue in the 2016 presidential campaign.[16] Strategy Immelt has not been a passive inheritor of "the house that Jack built." [17] In fact at the outset of this time as GE's CEO, Immelt took pains to establish that he would act as "his own man." [18] Welch preferred internal, or "organic" growth and benefited from long-term US economic trends

To Review The Company, General Electric (Ge) Supply Chain And Its Components. Show How Expansion Within A Company Can Be Profitable Over Time

1060 words - 5 pages has broaden their initial company from just electrical and appliance to healthcare equipment and even aircraft technology (Product & services, 2012). The six elements of the supply chain strategy are leverage, communications, efficiency, innovation, risk management, and continuous improvement (The 6 Elements of Supply Chain Strategy, 2012). When viewing a section of GE under GE Healthcare, they handle supply chain a little differently

Marketing Plan: Phase Ii Paper

1094 words - 5 pages benefits gained from the product or service (Slack, et al., 2004). As indicated in the target market section (above), the target demographic of GE's improved cooking ranges will be heads of families (likely with one or more children in the home) that place a growing emphasis on safety in the home. Therefore, the marketing strategy for the GE Range Safety Sensor is to create the perception that this is a device that allows the user to feel more secure

Welch Achievement Essay

932 words - 4 pages difficulty. Welch leads two different "revolutions" in his tenure as CEO. The first revolution had to do with hardware: what businesses GE should be in and what businesses it should divest. Welch quickly changed GE's approach to strategic planning. The matrix approach developed under Reginald Jones was replaced with Welch's Number One Number Two strategy. If a GE business wasn't first or second in its markets worldwide, or couldn't be made' so, it