ipl-logo

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

Show More
Related

Pros And Cons Of Jp Morgan

222 Words | 1 Pages

Paragraph 2 - What industry did JP Morgan JP Morgan work in electricity and railroad industries. He wants synonymous with industry. He made a power station in 1897. In 1900 JPMorgan controls 100,000 miles of railroad.

Read More

Jp Morgan Was The Most Influential Man In The 1800s-Early 1900's

1270 Words | 6 Pages

Morgan adopted a vision: to have every home in New York City have electric lights. However, there was one problem there was a new electric giant: Westinghouse and Nikola Tesla. With Edison’s popularity depleting with the invention of the electric chair and Westinghouse and Tesla AC current winning the chance to be featured in Chicago’s World Fair and the Niagara Falls contract - this would be a huge hit for Morgan. Morgan thinking fast bought the majority shares in Edison’s company changing the named to General Electric and used fear and intimidation of a lawsuit to scare Westinghouse in to hanging over the rest of his company. Through this merger he would go to light every house in America rich and poor (though the average American did not get electricity until much later from the elite Americans).

Read More

Andrew Carnegie Contributions To The Industrialization Of Society: A Comparative Analysis

83 Words | 1 Pages

Over the course of this post several points regarding John D. Rockefeller and Andrew Carnegie contributions to the industrialization of society were discussed. For instance, Rockefeller’s business model for growing a small company into a national powerhouse. Additionally, Carnegie’s ideas on steel mill worker’s wages and the effects it has on the community’s wages. Now, when looking at these two great men’s contributions to business, it is easy to say, Rockefeller and Carnegie, shaped not only the 19th-century business but also 20th-century

Read More

Status LABS: Inc. Mandate's List Of The Fastest Growing Companies

367 Words | 2 Pages

STATUS LABS MAKES IT INTO INC. MAGAZINE’S LIST OF THE FASTEST GROWING COMPANIES Status Labs has been named by Inc. magazine in their Inc. 500 list. The list was based on the nation’s fastest growing companies, and Status Labs was position 339. The company has been growing at a very fast rate between 2012-2015, and its developments are notable in its good public relation and it has also established itself as one of the best digital reputation management firms. The company’s developments has enabled it to record a 1,099% growth between 2012 – 2015 alone.

Read More

William C. Durant's Case Of General Motors

961 Words | 4 Pages

William C. Durant was a profitable manufacturer of horse-drawn vehicles, but after visiting the World’s Fair, he realized putting the world on wheels was the wave of the future and established General Motors on September 16, 1908. “At inception, GM held only the Buick Motor Company but within years acquired more than 20 companies, which included Oldsmobile, Chevrolet, Cadillac, and Oakland, known today as Pontiac” (General Motors, 2015). At this stage, GM was not a centrally unified company; Durant kept wheeling and dealing, while allowing the companies to compete with each other with only the slightest level of oversight. As President of General Motors in 1923, Alfred Sloan suggested ways to impose greater controls particularly financial controls, but GM was a divided company without centralized

Read More

Monopolies And The Progressive Era

879 Words | 4 Pages

Big business leaders were “captains of industry”, “shrewd businessmen,” and “robber barons.” The big business leaders used technological evolution to create massive industries that made them some of the wealthiest United States citizens of the time. The three men who were the Giants of Industry and innovation were the steel magnate Andrew Carnegie, oil tycoon John D. Rockefeller, and business financier J. P. Morgan. All three men were businessmen who developed their respective businesses to an extraordinary scale and scope that is unfathomable (OpenStax, 2019). Carnegie, Rockefeller, and Morgan’s companies greatly influenced the growth of the economy and changed the way of life for all

Read More

The Pros And Cons Of The Jazz Age

1176 Words | 5 Pages

Companies would combine their money, people who needed jobs, and electricity to pump out many products for even more money in their pockets. Most industries started to catch onto this plan and made an unbelievable amount of money, so did their stockholders. In the article, The 1920’s, it states “This decade marked the flourishing of the modern mass-production, mass consumption economy, which delivered fantastic profits to investors while also raising the living standard of the urban middle and working-class.” This period of flourishment raised the standard of living for anyone middle class and above. The downside to this is it made the poor poorer and the rich richer.

Read More

American Families After World War 2

1269 Words | 6 Pages

These ads brought traditional American families together, who were able to afford these products at the time. They also show the importance in quality of the brand General Electric (GE) and how this brand provided a wide range of options and improvements

Read More

Technological Changes During The American Industrial Revolution

1759 Words | 8 Pages

These notes show a very direct implication that PE firms are expecting to garner strong returns from ESG improvements in regards to their investments. Along with this, they also expect to be able to turn these ESG friendly businesses to large corporations once they hit an exit strategy, and there is a definite implication that ESG will benefit this. This belief is so strong that ~70% of PE respondents listed value creation as one of the main drivers for ESG activities being implemented, as well as noting regulation implications and

Read More

General Dynamics Porter's 5 Forces

628 Words | 3 Pages

Overall, General Dynamics has been a major factor in many different marketplaces over the years. They are challenged however by the presence of new threats and competitors looking to disrupt their business. (Value Line, 2017) It is the company’s priority to improve their strengths, reduce their weaknesses, take advantage of their opportunities, and avoid their threats in order to be successful. A major part of this is putting together a well functioning strategic planning model.

Read More

What Is The Primary Reasoning Behind The Russian Revolution

1048 Words | 5 Pages

Lincoln Electric hasn't always aspired to the current stable business culture. It started with an innovator, John C. Lincoln, who managed to surmount multiple obstacles, including the economics of the Great Depression and a factory fire within their first year. It wasn't until his younger brother, James F. Lincoln joined the company that Lincoln Electric began to enact policies that made them a profitable business venture. James Lincoln implemented a bimonthly advisory committee to bridge the gap between hourly workers

Read More

Electricity In The Late 19th Century

1502 Words | 7 Pages

The Chicago World’s Fair was to be held in 1983. They needed to contract a company to power the fair with electricity, and planned to pay whoever could power the fair for the cheapest. Of course, this lead to Edison and Tesla vying for the chance to put an end to their squabble. Of course now all this came down to price, and with Tesla’s bid of $399,000 to power the world’s fair versus Edison $554,000, Tesla won the opportunity to power the fair, with everything ending in complete success, AC power won the approval of the people, and finally put to rest the feud between Edison and Tesla for good.

Read More

Lincoln Electric Case Study Solution

1360 Words | 6 Pages

He gave specialists access to administrative information and urged them to discover approaches to enhance profitability and productivity. Overall Strategy: Lincoln Electric 's unparalleled duty to its laborers has paid profits for them as well as for financial specialists, clients, and the groups in which the organization meets expectations. The organization remains as a sample of how fleeting centered expense gives can be the at located and counterproductive over the long haul. Summary: It can likewise be inferred that Lincoln Electric has designed a business with no operational shortcomings.

Read More

Case Study: SMART Goals

1933 Words | 8 Pages

Overall this shows that Samsung does business with the intention of advancing and improving people’s lives and it gives us the impression that their decisions are based on reaching their goal of “continuous innovation and “creating superior products. Thus the reader can see that Samsung will not compromise the integrity of the products and they put quality above other aspects in business (such as profits). It also makes new employees aware of the heights they need to reach in order to maintain the Samsung standard of

Read More

Samsung Case Study: Samsung Business Strategy

899 Words | 4 Pages

1. General business strategy 1.1. General business philosophy Samsung work with the aim of developing innovative technologies and provide people with efficient processes so that regularly new markets are created and they continue to rule the digital work. They follow five core values including: • People: Samsung gives all the resources and opportunities their people need to give their best. • Excellence: Samsung makes sure to provide their customers with excellent products and services.

Read More

More about Fortune 500 Company: The General Electric Company

Related Topics

Open Document