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General Electric Decisions

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Furthermore, their size can also have a significant impact on government policy through the threat of market withdrawal (Boundless 2015). It has been argued that transnational corporations make decisions not in terms of what is best for the home or host country of operations, but rather what is best for the corporations as a whole on an international basis. The basic principle on which these corporations operate is that they consider the entire world as their market. Using the world as their market gives transnational companies like GE access to a huge customer base with large profits, for this purpose they are able to influence governments by financing large parts of elections. Furthermore the amounts of money transnational companies make have given them the power to influence international institutions, such as the World Trade Organization, as well as international economic and political agreements (Shah, 2002). General Electric pursues most strategies as a transnational corporation which would include outsourcing/offshoring, vertical integration, and a reliability of a network of suppliers. The strategy that is used depends on the part of the business it …show more content…

General Electric network of suppliers have access to areas including sourcing, purchasing, finance, engineering, production control and logistics. Therefore since suppliers play such a critical role to the success of GE a supplier collaboration portal has been created as a management tool which provides an efficient way for suppliers to receive and collaborate on purchase orders, create shipments, submit invoices electronically and view payment details over the internet. In addition it allows suppliers to submit supplier deviation requests and corrective actions, along with requesting technical

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