By: Anthony Lasee, Brian Moy, Jason Walsh, Marcus Yabuta General Electric By: Anthony Lasee, Brian Moy, Jason Walsh, Marcus Yabuta
Introduction Picture URL: http://www.listphile.com/Fortune_500_Logos/General_Electric
Second Largest transnational Company in the world. Founded in 1892 Edison General Electric + Thomson-Huston = General Electric Plants are located in 160 different countries Headquarter located in Fairfield, Connecticut General Electric (GE)
GE’s type of businesses Combination of many areas Energy Technology NBC Universal Capital Finance Home & Business Solutions GE’s type of businesses
GE’s Facts Over 304,000 employees worldwide During 2010: GE had $150,211 billion dollars in sales Profit of $12,179 billion dollars Total Assets of $758,824 billion dollars GE’s Facts
GE’s culture is what makes the company an example for all other businesses. GE supports great diversity in the workforce. Great work environment for every employee. Balance of work and life of the employees. Another important thing that creates GE’s culture is the volunteering. GE employees volunteer over 1 million hours of community service every year Culture
Mission Statement General Electronic does not have a mission statement Set of values/directions that the company follows: Imagine Solve Build Lead. Mission Statement
Strength Weakness Opportunity Threats SWOT
Alliances that they have which brings more customers and investors interested in the company’s success Those alliances include the internal diversified businesses that facilitate their operations Quality of services and products they offered GE being such a large company, it boosts they reputation, leading to more profit and market share. GE’s investment for experienced employees GE is sitting very well economically Strong research and development department Competitor are threatened by GE. Very diverse company culturally Strength
Weakness Cut of employment by 10% through the last 2 years. During 2009, was fined for $50million for breaching account rules in two different cases, misinforming investors into thinking GE would meet earnings expectations. GE is not doing so well in some Asians countries like they are in the rest of the world. Weakness
Opportunities Have greater social responsibilities. GE has a fast growing market in India, China, Argentina and Brazil Exploring the natural and renewable resources to go green Opportunities
Threats New competitors Price war Constant currency fluctuation around the world Pollution control Threats
Jeff R. Immelt (CEO) Born: February 19, 1956 Chairman and CEO of GE Since 2000 to replace Jack Welch He was the head of GE Healthcare Jeff R. Immelt (CEO) Picture URL: http://www.jimonlight.com/2009/07/24/why-did- you-do-that-general-electric-and-jeff-immelt/
Charlene Begley President & CEO, GE Home & Business Solutions Senior Vice President and Chief Information Officer, GE Picture URL: http://www.uvm.edu/business/?Page=alums/careers.php&SM=alummenu.html
Chart URL: http://www.ge.com/pdf/company/ge_organization_chart.pdf
Centralization & Decentralization Ralph J. Cordiner General Manager’s Responsibility Efficiency In Productivity Flexibility Easier To Manage With Rapid Growth Centralization & Decentralization Ralph J. Cordiner Picture URL: http://money.cnn.com/galleries/2011/news/companies/1102/gallery.immelt_ge_ceos.fortune/2.html
Technology Uses and Adoption Leader 25,000 EV by 2015 Cloud Computing Iphone/Ipad Develops new technology Nanotechnology Dual Battery Electric Bus Technology Uses and Adoption Picture URL: http://www.ibtimes.com/articles/90434/20101209/.htm
Strategic Information Systems (SIS) Supervisory Information System Used For Fast And Secure Communication Reduce Power Production Cost Improve Hardware Efficiency Secure Connections Strategic Information Systems (SIS)
Strategic Planning Doing Business in China Free Trade Relief Efforts Olympics Free Trade 15% of world GDP dependent on international trade Lobby for Free trade and opening markets Strategic Planning
Strategic planning cont. Healthcare $3 billion by 2015 Healthymagination Energy Develop renewable energy sources Biofuels/nuclear energy Climate Ecomagination Policy Engagement Internal Action Strategic planning cont.
Tactical Planning Energy China Wind turbine contract 258 turbines 2 years $500 million China Olympics 400 infrastructure projects Water filtration Solar powered lighting Tactical Planning
Concentrations: Customers Investors GE employment GE Site
Moore’s Law Conclusion
http://ask.alibaba.com/Q/801430147-What-is-meant-by- decentralized-system.html http://st-www.ge- energy.com/prod_serv/products/oc/en/downloads/14528B_ Optimal_Control_Software.pdf http://www.ge.com/news/our_viewpoints/index.html http://blogs.forbes.com/joannmuller/2010/11/11/this-is- how-change-happens-ge-to-buy-12000-chevy-volts/ http://www.businessweek.com/ap/financialnews/D9JUHKB8 0.htm http://news.cnet.com/8301-11128_3-20028531-54.html http://www.gereports.com/dual-battery-breakthrough-eyes- electric-bus-truck-fleets/ http://www.apple.com/ipad/business/profiles/ge/ http://www.theofficialboard.com/org-chart/general-electric http://www.ge.com/company/leadership/bios_exec/charle ne_begley.html Citations
http://www.ge.com/company/culture/working_enviro nment.html http://www.ge.com/company/culture/volunteerism/i ndex.html http://www.ge.com/products_services/index.html http://www.ge.com/company/culture/people.html http://www.ge.com/company/history/index.html http://www.ge.com/company/culture/index.html http://www.forbes.com/lists/2010/18/global-2000- 10_The-Global-2000_Rank.html http://finapps.forbes.com/finapps/jsp/finance/compi nfo/CIAtAGlance.jsp?tkr=GE http://www.ge.com/ar2003/chairman/letter_5_fla.jsp http://www.ge.com/pdf/company/ge_organization_c hart.pdf http://www.ge.com/company/factsheets/corporate.ht ml Citations Cont.