Individual Research Project VI
Company Selection and Description
General Electric Company, or GE, is an American multinational conglomerate corporation. GE is incorporated in Schenectady, New York and its headquarters are in Fairfield, Connecticut. The company operates through four segments: Energy, Technology Infrastructure, Capital Finance and Consumer & Industrial. GE was ranked the 6th largest firm in the U.S. by Fortune in 2011. The company operates in more than 150 countries and employs about 300,000 people worldwide. GE works on things that are important such as, energy solutions, health and home, transportation and finance (GE imagination at work, 2012). Socially Responsible Behavior
General Electric demonstrates a high social responsibility behavior by finding and creating solutions in energy, health and home, transportation and finance. They build, power, move, and cure the world. GE has recently launched a website called GECitizenship, which is designed to communicate its social responsibility and sustainability efforts. This website focuses on People, Planet and Economy. These efforts and behavior of GE prove them to be a socially and ethically responsible Company (GE citizenship, 2012). Significance to Managers or Managerial Students
I chose this company because it can show managerial students a directional approach to becoming a socially responsible company. This company does so many good things for society and for their employees that managerial students can beneficially learn from. Managerial student can learn how to contribute to the community, be a good corporate citizen, be ethical, obey the law, and be profitable all at the same time. GE definitely represents those qualities and can be a good example for any managerial student or aspiring manger for that matter. Person Interviewed Biography
Jeffrey Immelt, CEO of General Electric Company, has been with the company since 1982. Mr. Immelt received his B.A. degree in applied mathematics from Dartmouth College in 1978 and an M.B.A. from Harvard University in 1982. From Harvard University Jeffrey began to work at General Electric Co. Over the years Immelt has worked his way up the chain and has played many different roles within the company; such as, plastics, appliances, and healthcare businesses. In 1989 Immelt became an officer of the company and in 1997 joined the GE Capital Board. A few years later, Mr. Immelt was appointed president and chief executive officer of GE in the year 2000 ("Jeff Immelt, CEO," n.d.).
Mr. Immelt not only involves his self with General Electric but with the U.S. Government as well. Mr. Immelt is the chair of President Obama’s Council on Jobs and Competitiveness, as well as a standing member of The American Academy of Arts and Sciences. Three time Mr. Immelt has been named one of the “World’s Best CEOs” by Barron’s. Ever since Mr. Immelt began serving as the chief executive office, a poll conducted by Fortune magazine named General Electric “America’s Most Admired Company” and “The World’s Most Respected Companies” in polls by Barron’s and the Financial Times magazine ("Jeff Immelt, CEO," n.d.).
Person’s Importance to Ethics or Social Responsibility
A few years back Immelt brought manufacturing for GE to the Michigan state area, which ultimately brought in 1,100 new jobs. These endless efforts by Jeff Immelt show his true ethical and socially responsible behavior. Technically, Mr. Immelt could just perform his CEO duties and go home at the end of the day, but he does not. He is aware of the global issues that we are facing and ethically feel like he can do something about it. Jeff Immelt strives to do something that can change people’s lives; such as, clean energy, better transportation, and affordable healthcare (Immelt, GE, 2009).
Jeff Immelt consistently leads the way in various business ethics and social responsibility by sharing the best practices with the industry peers and participating in global...
References: Immelt, GE, J. (2009, June 26). Text of Immelt 's speech [Speech transcript].
Retrieved from U.S. edition database.
Jeff Immelt, CEO. (n.d.). Retrieved January 29, 2013, from GE imagination at
work website: http://www.ge.com/company/leadership/jeff-immelt
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