The General Electric ( Ge ) - 1275 Words

Transnational organizations have a complex business structure and require a multidimensional concentration of resources which are customized to meet the requirements of each local market. The central office requires a transnational strategy in order to attract local benefits which are important to the organization. Among the advantages of transnational organizations is the capacity to maintain a great degree of quick to response to local market needs from where they have operations. This report focuses on the General Electric (GE) which holds substantial assets and with operations in most countries in the world. General Electric (GE) Widely regarded as a leading global corporation in the 20th century with operations in over a hundred and seventy countries and over three hundred thousand workers, General Electric remains an icon in best management practices. With its operations in power, appliances, energy management, aviation, oil gas, and transportation among others is ranked as among the top leading firms in the US. It is also a global leader in the digital industry with interests in transforming needs into responsive, connected and predictive solutions. With its vast operations, GE is involved in innovation, product development, and funding startups among others (Hydle and Karl 261). In order to survive, GE has tried to form symbiotic relations to support its ecosystem (Tallberg 774). The partners involved in the ecosystem have in-depth understanding coupled withShow MoreRelatedGeneral Electric ( Ge ) Essay1254 Words   |  6 PagesGeneral Electric (GE), established in 1892, is an American based, diverse conglomerate. General Electric is common household name, as well as a renowned name in electric, oil, gas, power, renewable energy, aviation, transportation, and healthcare. In 2015, the Fortune 500 Company had over $117 billion in revenue. The company continues to expand, and even surpasses the yearly goals it sets for its self. As of 2015, GE has 10 research centers, employees over 3,000 engineers and PhD’s between theseRead MoreGeneral Electric ( Ge )1593 Words   |  7 PagesGeneral Electric General Electric (GE abbreviated) was started with Thomas Edison’s invention of the light bulb. Both Thomas Edison and JP Morgan started the Edison Lamp Company, which later became known as General Electric. The people at GE are committed to making a world that works better. General Electric does not have a standard mission statement, but they explain their objectives by the simple equation seen below. General Electric, as seen in the equation above, looks at what the worldRead MoreGeneral Electric ( Ge )816 Words   |  4 PagesGeneral Electric (GE) has manufactured and sold products that span from a small household appliance to health care equipment, and also jet engines for years. Almost everyone has heard of GE and has used one of their appliances at some time. Growing demands for new technology remains just as strong as ever. GE has combined technology and globalization by taking their state of the art products around the globe and into 130 countries (Directory, 2016). In January 2015, GE Ventures, (Geventures, 2015)Read MoreGeneral Electric Company ( Ge )1394 Words   |  6 PagesGeneral Electric company (GE) is one of the world s most admired, valuable, and largest companies in the world. GE is also one of the top five oldest industries in the United States, at a 130 years. This great American company has been stayed in business because of the many great leaders who have led the success for GE. Leader s such as, Jack Welch and Jeff Immelt, have brought many changes at GE bringing the company into the 20th century. Jack Welch and Jeff Immelt have been very successful atRead MoreCeo Of General Electric ( Ge )1802 Words   |  8 PagesIntroduction Jack Welch was the CEO of General Electric (GE) from 1981 to 2001 where he increased the value of that organization by 4,000%. During his reign as CEO, he realized that industry was entering a period of constant change and acceptance and acceleration of change would make the difference between successful and unsuccessful businesses (Von Der Linn, 2009). He commissioned a study to create a toolkit that would accelerate change based on research and best practices throughout the worldRead MoreCeo Of Ge ( General Electric )2039 Words   |  9 PagesINTRODUCTION: Four days before the events of September 11, 2001, Jeff Immelt was appointed as the new CEO of GE ( General Electric). The change in GE’s association along the simultaneous adjustments in past and communal contexts allocated the multinational firm in a critical locale considering their commercial returns and reputation. From 2001 across 2005, GE confronted a number of subjects stemming from the evolving company and how their benefits and communicative strategies worked inside it.ThereRead MoreGeneral Electric Ge 90xe Engines1500 Words   |  6 PagesNew Technology Commercial Aviation General Electric GE-90XE Engines In March 2015, GE Aviation was granted the first FAA certification for a 3-D printed part to be installed in a jet engine. According to GE Aviation, the part is a T25 housing for a compressor inlet temperature sensor and will be retrofitted on over 400 of its GE90-94B engines. The part was designed using a CAD program and a rapid prototype was made of metal alloy using an SLS process. The final design was approved, the prototypeRead MoreThe Organizational Structure Of General Electric ( Ge ) Essay1029 Words   |  5 Pagesof General Electric (GE) Introduction GE is an American multinational conglomerate which deals in industries like aviation, oil and gas, power and water, health care and capital, to mention a few. The company has a matrix organizational structure, which is characterized by the organization of the company according to multiple metrics. In the case of GE, the structure is matrix in that it combines a functional structure and a divisional structure (Rothaermel, 2015), as illustrated by the GE organizationalRead MoreGeneral Electric Company : Ge Corp1797 Words   |  8 PagesGeneral Electric Company GE Corp (General Electric Company GE, NYSE:GE), the world s largest Multi-National Corporation to provide technology and services. According to 2007 statistics, GE s sales income is 172.738 billion, has the world s second largest market assets of company, and in sales revenue over the past four years has been first in the world.. GE is a more outstanding Multi-National Corporation in the development of diversified companies. At present, the company has more than 100Read MoreJack Welch Is The Ceo Of General Electric ( Ge ) Essay708 Words   |  3 PagesJack Welch is the CEO of General Electric (GE). He has an exceptionally legitimate methodology with regards to dealing with his organization. As indicated by the video, Jack Welch anticipates that his workers will be lively, have high official capacity, and be energetic with an edge. Be that as it may, there is an extensive contention encompassing Jack Welch. Jack Welch sorts out his representatives in various levels taking into accou nt execution. His classifications include: top entertainers, center