Executive Summary Team Globalization has conducted an in depth analysis on General Electric ’s (GE) two decade transformation achieved by the company’s former Chief Executive Officer (CEO) Jack Welch. This report consists of a reflective examination performed by the team‚ incorporating perspective gained through professional experience and key concepts gleaned from selected course reading selections. As CEO of GE‚ Jack Welch ’s management skills became legendary‚ with little tolerance for bureaucracy and
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international expansion. Figure GE Total Revenue by Region Source: Compilations – Case Studies on Strategic Management‚ Case 19-Healthymagination at GE‚ pp 262 & Exhibit 10a. With PESTEL analysis ‚ GE is able to identify its external challenges when entering a new market. The emerging markets deliver an estimated annual growth of three times that in the developed markets . The vast untapped economies of emerging markets facilitate GE’s first mover advantage . However‚ GE has to be cautious when investing
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AIG overhauls bonus system By David Goldman NEW YORK (CNNMoney.com) -- AIG announced on Wednesday that it is changing the way it pays out bonuses to its employees‚ opting to determine compensation based on performance. "Aligning pay and performance is the hallmark of many world-class organizations and is critical to our future success‚" AIG spokeswoman Christina Pretto said in an e-mailed statement. "By motivating and driving our talent‚ it will also help us remain competitive and ensure a strong
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GE / Honeywell’s Failed Merger GE‚ while only encompassing a limited stake in the aerospace industry‚ nevertheless faced challenges in its merger with Honeywell due to its market share in the Large Regional and Large Commercial aircraft segments. Additionally‚ the “portfolio effect” of the merger and GE’s potential to reach “end to end” monopolization of the value chain through the bundling of its financing arm (GE Capital)‚ its leasing subsidiary (GECAS)‚ and Honeywell’s avionics manufacturing
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Team Members 1. Aanad Menon 2. Adit Paul 3. Anirban Majumdar 4. Girish Patel Q.1) Jack Welch launched a number of initiatives on taking charge of GE in 1981. Was there a strategy driving the initiatives? Were the initiatives effective in accomplishing what Welch was aiming for? When Jack Welch joined the GE‚ there were many challenges in front of in terms of US economy recession‚ high interest rate‚ high inflation rate and the highest unemployment rate including the high standards
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Jeffrey Bezos is the owner of Amazon.com. He observed the growing rate of internet usage in 1994 as it reached 2‚300 percent a year. He thought of opening an online book store from where people can directly buy books. Jeffrey Bezos’s vision was to transform the book buying process into a fast‚ easy and enjoyable exercise. (Robinson‚2009) In just over a year Amazon.com proved that Bezos’s vision was revolutionary as the revenues reached $15.6 million by the end of 1996 and Amazon became the most
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GE Vision & Mission Statement In 1890‚ Thomas Edison established a company named Edison General Electric Company. In 1892‚ General Electric was formed by merger of Edison General Electric and Thomson-Houston Company. In 1896‚ General Electric was one of the original 12 companies listed on the newly-formed Dow Jones Industrial Average. The early company products are lighting‚ power transmission transportation‚ and industrial products which their produce today. General Electric started produce aircraft
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Abstract This paper analyzes the: strengths‚ weaknesses‚ opportunities‚ and threats (SWOT) for General Electric Corp (GE). A SWOT analysis is an outline for producing strategic alternatives from the study of a company’s situation. The General Electric Growth Council used this form of analysis in the 1980 ’s because it concentrates on the issues that potentially have the most impact on a company. SWOT analyses tend to generalize the circumstances. They are often divided into two categories: Internal
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The GE matrix is an alternative technique used in brand marketing and product management to help a company decide what product(s) to add to its product portfolio‚ and which market opportunities are worthy of continued investment. Also known as the ’Directional Policy Matrix‚ ’ the GE multi-factor model was first developed by General Electric in the 1970s. Conceptually‚ the GE Matrix is similar to the Boston Box as it is plotted on a two-dimensional grid. In most versions of the matrix: * the
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global companies that you think will perish? Can you identify three emerging companies that you think has the potential to become global leaders in their fields? 4. 5. 6. 7. 8. 9. 10. 11. CASE STUDY: Globalization at General Electric (GE) This case explores General Electric’s quest to become the number 1 or 2 company globally in every business in which it participates. General Electric‚ the largest industrial conglomerate in America‚ produces a range of goods and services including
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