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
Premium Innovation Economics Strategic management
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 oriented company into a marketing and organic growth focused business Immelt and his Vision • Focus on Organic Growth and Long Term Trends • Invest
Premium Term General Electric Emission standard
manufacturing major appliances which includes but is not limited to services in aviation by producing engines‚ lighting‚ healthcare‚ oil/gas and rail. GE currently employs approximately over 300‚000 people. Currently‚ the CEO and Chairman of the Board is Jeffrey Immelt and the company was founded in 1898 and its headquarters is located in Fairfield‚ CT. On 19 Oct 2012 General Electric closed at $22.03 which went down -0.78 (-3.42%) from the day before. The companies P/E ratio was 16.29 and a Dividend Yield
Premium Financial ratio General Electric Jeffrey R. Immelt
References: Brady‚ D. (2005). The Immelt revolution. Business Week‚ 3926‚ 64-73. Furnham‚ A. (2004). The future (and past) of work psychology and organizational behavior: A personal view.Management Revue‚ 15(4)‚ 420-436. Gunther‚ M. (2004). Money and morals at GE. Fortune‚ 150(10)‚ 176-182
Premium Organizational studies Organizational culture General Electric
7/7/13 Grading Jeff Immelt - Fortune Management Grading Jeff Immelt February 10‚ 2011: 5:00 AM ET The GE chief executive has been at the helm for almost a decade now. How has Obama’s job-council czar done? When the business world woke up on Jan. 21 and heard about the White House’s overnight announcement -- that General Electric CEO Jeffrey Immelt would become chief of the Council on Jobs and Competitiveness -- the buzz quickly focused on just one question: Was he leaving GE? Was the long-standing
Premium General Electric Jeffrey R. Immelt
about it. The reason this did not happen and they faced some humiliation in 2008 until 2010 were due to GE Capital. Immelt thought that they were diversified enough to survive the economic downturn. However this proved to be wrong. In an interview for BusinessWeek magazine David Magee‚ author of Jeff Immelt and the New GE Way‚ spoke on what was going wrong for GE. He believes that Immelt and GE did not correctly predict how bad the financial downturn was going to be. By missing that their beliefs that
Premium General Electric GE Capital Jeffrey R. Immelt
Lindsey Snyder Criminalistics February 27‚ 2015 The Jeffrey MacDonald Case Jeffrey MacDonald was born on October 12‚ 1942. Jeffrey MacDonald was an intelligent and handsome man. He had a very beautiful family‚ including a wife and two young daughters. He attended Princeton University for 3 years in New Jersey while he was married to Colette MacDonald. While he was still in school at Princeton University his daughter Kim was born. After he was done at Princeton University he went to medical school
Premium Family Attack Daughter
References: Ashkenas‚ R.‚ Kerr‚ S.‚ Ulrich‚ D. (2002). General Electric’s leadership “Work-Out.” Leader to Leader. 2002(24)‚ 44-50. Retrieved June 16‚ 2007‚ from Business Source Complete database. Busco‚ C.‚ Frigo‚ M. L.‚ Giovannoni‚ E.‚ Riccaboni‚ A.‚ Scapens‚ R.W.‚ (2006)
Premium General Electric Thomas Edison Jack Welch
company General Electric had to face in order to grow‚ and the process that the CEO had to pass in his first years in charge of the company. It also takes us in the quest of understanding and analyzing one of the main bets of the new CEO Jeff Immelt‚ which were the Imagination Breakthroughs‚ best known as IB’s looking at one example in an specific division of the company‚ the Transportation branch; one of the many complex and risky industries that either you can go very good and have big profits
Premium General Electric Jeffrey R. Immelt Game theory
GE’s cultural identity. General Electric’s leadership provides the vision‚ which establishes the culture of the organization. The overall direction of the corporation is provided by its current Chairman‚ and Chief Executive Officer (CE0)‚ Jeffrey R. Immelt. One nuance of General Electric is that the company does not have a mission statement. Instead‚ corporate objectives‚ goals‚ and initiatives are outlined‚ by the Chairman‚ in the annual Letter to Stakeholders within the Annual Report (GE‚ 2004)
Premium General Electric Six Sigma Jack Welch