‚ Case #1: the turbine generator industry The default prediction that we’d make using economic theory (or common sense) in the absence of game theory is that‚ in the turbine generator case‚ General Electric should have undercut Westinghouse because the former has lower costs. But we start to see why it didn ’t when we introduce capacity constraints into the Bertrand model. Capacity constraints can stem from two things: decreasing returns to scale‚ or demand-uncertainties that create expected
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BREAKTHROUGHS : THE EVO PROJECT GE BUSINESSES JACK WELCH PROCESS ORIENTED Effective operations management Timely acquisitions and clever deal making Financially based strategies Efficiency driven JEFF IMMELT MARKETING ORIENTED Market value of technological advancements Organic growth – given top priority Technology leadership Commercial excellence Global expansion Marketing driven Long term‚ research- based approach to his tasks Immelt is transforming GE from a process and acquisition
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Promoting Ethical Ultrasound Use in India A BLIHR Emerging Economy Case Study from GE – January 2009 Introduction: The Benefits and Burdens of Ultrasound Technology The distribution of compact‚ portable ultrasound technology in India offers significant potential health benefits to millions who suffer from painful or potentially lifethreatening diseases‚ such as breast cancer‚ uterine fibroids‚ cardiac disease and gynecological disorders. Ultrasound technology also has the potential to increase efficacy
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Case Study Analysis on GE Capital Virginia Intermont College Case Study Analysis on GE Capital Introduction General Electric (GE) was formed in 1892 through a merger between Edison General Electric Company and Thomson-Houston Electric Company. GE started acquiring other companies within the area (Eckes‚ 2001). As a result‚ management saw this as a business opportunity leading to the formation of a company known as General Electric Contracts Corporation in 1932 (Eckes‚ 2001). The main purpose
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What is greening the city? Greening the city means raising the awareness of citizens on the importance of conserving the environment‚ improve the environmental performance in a country and to change your own lifestyle to a more environmentally friendly way. It is a process of becoming more active about protecting the environment and to achieve the renewable‚ sustainable and eco-friendly processes‚ products and energy. Why greening a country is so important? Greening a country is very important because
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Coke’s European Scare Nishtha Vyas (80) Question 1. What are the management issues in this case? Answer- The major issue faced by coke was wrong and late anticipation of a problem that led to disastrous consequences. Also‚ the company’s hard earned goodwill was at stake due to poor communication and a lax approach in dealing with an issue of high priority. Coke faced serious issues inside the organization which was the lapse in quality control that contaminated the CO2 content. Coke’s myopic
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extended his Fix‚ sell or close fromthe national level to the international level. He also saw the challenges in other countries andeconomic difficulties as opportunities for new investments and expansions. Values added alsoincluded the transforming of GE culture to a more learning‚ knowledge sharing and demandingof excellence‚ commitment and service to the goal of the organization. Welch introduction of business service contributed to two- third of the company’s value. Last but no t the least‚ hisintroduction
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Question #1 How difficult a challenge did Welch face in 1981? How effectively did he take charge? When Jack Welch took over as CEO of GE in April 1981‚ the world was in a recession. GE needed to be restructured‚ and this involved restructuring‚ reduction of its payroll and modernization. Jack Welch adopted a strategy of “Fix‚ Sell or Close”. This strategy enabled GE to exit unprofitable businesses and restructure loss-making businesses into profitable businesses. Jack Welch’s management technique
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GE Energy and GE Healthcare Case Study 1. What are the business benefits of using information technology to build strategic customer relationships for GE Energy and GE Healthcare? What are the business benefits for their customers? Technology is no longer an afterthought in forming business strategy‚ but the actual cause and driver. Networking and data storage & analysis technologies enabled GE to gain a competitive advantage by providing unique products and services to their customers. What
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had a large competitive advantage in the large turbine industry for three primary reasons: better r&d and hence improved technology‚ a clear focus on larger‚ more technologically sophisticated units‚ and its status as a price leader in the market. GE had almost twice the R&D budget of both of its major competitors‚ while simultaneously spending less on R&D as a percentage of sales. This allowed it to have the best technology in the most important market segment in terms of growth: large‚ complex
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