General Electric Co.: Most Powerful Business In The World

General Electric

General Electric Co. (GE) is a major American corporation one of the biggest and most differentiated corporation and most powerful business in the world. According to Fortune 500 GE, gross revenue registered as the 26th foremost business association and its name incorporated among the top rankers in the survey. The company functioning in many different sectors its invention consist of electrical and electronic appliance, aircraft engines, financial services, and Energy Technology (Electric, 2016). In 1878, Thomas Alva Edison founded General Electric, in 1892, the company combined Edison General Electrical Company, Schenectady, and Thomson-Houston Electric Company of Lynn, Massachusetts while its headquarters are in Fairfield, Connecticut United State, its operating plants were in New York. Jeffrey Immelt chairperson and chief executive officer of General Electric on September 7, 2001 to replace Jack Welch after his retirement.

GE gain various companies during its operational run; its substantial achievements were RCA for NBC Television Network and Kidder Peabody and Co., a security firm in 1986. In the 21st century, GE assimilated manufacturing unit of Enron wind in 2002 that contributed growth to GE Wind Energy, GE bought 80 percent of Universal Pictures from Vivendi and in 2007 Ge picked up Smiths Aerospace and Vetco Gray, and a year later in 2008, the procurement of Hydril Pressure and Control for 1.12 billion dollars was completed. Throughout the course of their acquisition, GE contracted many strategic partnerships and traded some of its assets as well (Electric,