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Fortune 500 Company: The General Electric Company

1075 Words5 Pages

For this assignment I have chosen to focus on Fortune 500 Company the General Electric Company. The General Electric Company, or GE, is a global corporation based out of Fairfield, Connecticut that was founded in 1892 by "the merging the Edison General Electric Company and the Thomson-Houston Company, another prominent manufacturer of dynamos and electric lights" (General Electric, 2014). Thomas Edison formed the Edison General Electric Company, making sure GE has a historic past along with a challenging future. General Electric focuses on four industries; energy, technology infrastructure, capital finance, and consumer & industrial. Throughout this paper I will review how GE has continued to be successful for well over a century. This will encompass GE's value proposition, overall strategy, and influence in the industry. Rounding out the paper I will go over their core competences, competitive advantage, and …show more content…

GE Advantage). To elaborate more they strive to increase their speed to the market, in hopes to beat competitors to the punch on innovative ideas for new and existing products; as well as being determined to increase quality along with reducing costs. This is very impressive and not an easy feet to maintain over their eight segments, which are: Aviation, Home & Business Solutions, Power & Water, Healthcare, Oil & Gas, Energy Management, Transportation, and GE Capital. All of that means their products and services range far and wide including aircraft engines, media content, medical imaging, and security technology. Another tag line for GE is "Not just imagining. Doing. GE works" (General Electric, 2014). That statement alone is quite powerful. It shows that GE is more than words; they are actions, which they do again and

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