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Behm-Chessor GE Paper[3]

Behm-Chessor GE Paper[3]

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Published by Angela Johnson

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Published by: Angela Johnson on Dec 08, 2009
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12/08/2009

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The General Electric Company
Strategic ManagementMGT 606312/8/09Written By:Randy BehmChuck Chessor 
 
R. Behm/C. Chessor-GE
Table of Contents
Section PageI Company Background3II - Globalization and Strategic Issues in the Industry 4
1)
What are the major trends in the industry and the competitive issues facing the companiesin this industry?
4
2)
What are the opportunities and threats for this industry, in different regions and countries?
6
3)
What are the key issues faced by this particular industry in the globalization movement?
8
4)
What are the key success factors for a company in this industry to compete globally?
9III Financial Performance 11IV Corporate Timeline and Major Events13V Imperatives15VI Strategic Assessment16VII - References17
Tables
Table 1 - Consolidated Revenues11Table 2 - Receivables12Table 3 - General Electric Timeline14
2
 
R. Behm/C. Chessor-GE
Section I - Company Background
“At GE, we consider our culture to be among our innovations. Over decades our leaders have built GE’s culture into what it is today – a place for creating and bringing big ideas to life. Today, that culture is the unifying force for our many business units around theworld.”
 
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 The General Electric Company or GE is a multinational American technology andservices conglomerate that has produced innovative products for over a century. They areone of the most recognized brands in the world and worth almost $49 billion. GE offers avariety of diverse products in areas including power, aviation, healthcare, entertainment,finance, and consumer electronics.In 1889, inventor Thomas Edison had consolidated all of his companies and businessinterests under the name of the Edison General Electric Company. The General ElectricCompany was formed in an 1892 merger of the Edison General Electric and Thomson-Houston Company. General Electric has evolved and expanded over the last one hundredyears with the constant being ingenuity and innovation.Jeffrey Immelt is the current chairman of the board and CEO at GE. He was selected by GE's Board of Directors in 2000 to replace Jack Welch following his retirement. GE hasseen great growth and expansion through the last 30 years by streamlining operations,acquiring new businesses, and dealing with the new globalization. Recorded revenues at GEhave grown from roughly $28.8 billion in 2000 to over $182 billion today making it one of the most valuable and largest international companies with over 323,000 employees around
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