Question 1: In what ways has Jeff Immelt redirected the strategy of GE? In 2001‚ shortly after Jeff Immelt became the CEO of GE‚ a series of events changed and impacted the corporate landscape. The immediate challenges that he faced included 9/11‚ and a subsequent series of high profile corporate scandals (Enron‚ WorldCom). In 2008‚ the financial crisis hit and had a severe impact on GE’s primary growth source‚ GE Capital causing it to accumulate bad debts and asset write-downs. These events caused
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Ajaya Tachajanta 2011 General Electric Medical Systems‚ 2002 Overview GEMS is the world’s leading manufacturer of diagnostic imaging equipment and part of Milwaukee-based GE. It is the leader in MR and CT imaging in all regions. According to Immelt’s strategy‚ GEMS evolves from taking joint-venture and acquisition as the first step where business’s size is matter. Secondly‚ Global Product Company (GPC) concept is introduced aiming at cutting cost by shifting the manufacturing activities from high-cost
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Conclusion 3 References 3 1 Brief introduction to the topic Projects are run in most organizations to achieve some specific goals within the given timeframe and with dedicated resources. In the Hungarian subsidiaries of General Electric (GE) there are more than one hundred projects run parallel consuming millions of Euros and hundreds of FTEs; thus the quality of project delivery functions are crucial in order to achieve cost efficiency in operations and also quality outcomes. In the
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GE’s digital Revolution Redefining the E in GE Within 18 months of introducing the e-business initiative‚ Internet Week named GE the ~{!0~}Internet Company of the Year.~{!1~} How was GE to drive this ambitious company-wide program throughout its complex and diverse organizations so quickly and effectively? GE is a huge company‚ with 3 dozen of business areas‚ over 300 thousand employees and annual sales revenue as high as 129 billion in the year of 2000. It was the "social architecture" (culture
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Electric (GE) Strategic Management Case Study: General Electric (GE) Analysis using Porter’s Approach By: Johnny Cantrell Part A: General Electric‚ or GE as it is better known‚ is a diversified technology‚ media‚ and financial services company. Their primary objective as stated is “focused on solving some of the world’s toughest problems”. Their slogan‚ which is “imagination at work”‚ truly says everything there is to know about the vision of the company. Inside GE they truly
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56 ● Module I / Foundation Concepts REAL WORLD CASE W 2 GE Energy and GE Healthcare: Using Information Technology to Create Strategic Customer Relationships efficient network-enabled remote servicing‚ can charge $500 to $600 per hour for the same technician. Even more important‚ the information generated by its continual monitoring allows GE to take on additional tasks‚ such as managing a customer’s spare parts inventory or providing the customer’s and GE’s service and support personnel
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GE Transformation notes: Founded in 1878 Focus on Communication: Used initiatives such as training programs to increase communication Organizational Culture: Welch’s Core Idea: the only way to shift a company’s culture is to change the habitual thinking and behavior of its fast-track executives. Initiatives * Work Out * Began 1988 * Groups of 40-100 employees involved * Removing unnecessary bureaucratic work out of the system * By 1992 200‚000 GE employees
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Subject distributed equally across three (3) clusters: CLUSTER Arts and Humanities Social Sciences and Philosophy Math‚ Science and Technology UNITS 15 15 15 As approved by the Members of the UP Manila University Council on July 7‚ 2011‚ the following GE Subjects will be PRESCRIBED in all undergraduate degree programs of UP Manila. PRESCRIBED GENERAL EDUCATION COURSES COURSE NUMBER COMM I/KOM I COMM II/KOM II HISTORY I SOC SCI I MATH I * NAT SCI I * COURSE TITLE ARTS AND HUMANITIES (AH) CLUSTER
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rates‚ reminiscent of those 50 years earlier during the Great Depression. Thousands of businesses were failing‚ not only affected by the national economic conditions but also due to increased competition from other countries such as Japan. At the time‚ GE was highly structured‚ with numerous management layers and several macro businesses. The company followed very orthodox practices‚ with 43 different strategic plans across numerous sectors. That all changed under Welch’s leadership‚ who implemented
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that company encounters ethical issues. GE Healthcare‚ which is a subsidiary of General Electric‚ is an example. The company provides transformational medical technologies and services that are shaping a new age of patient care. This assignment will discuss GE Healthcare’s responsibility in their ultrasound equipment in India. Self-interest theory of Adam Smith could be used in this case. In the case of ultrasound technology in India‚ in order
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