In addition the modern management of the company has helped the business to diversify into other key areas citing opportunities thereby hinting on both growth and profitability through aiming at cost reduction ventures (GE, 2012). . Mission and Motto of the Company The mission and motto of General Electric is targeted at transforming the imaginative and potentially innovative ideas to help in the production of such products and services that would help in providing effective solutions to potential business problems merging both in the current and future era of the business happening in different countries round the globe (Cohen and Cohen, 2006, p.5). Significantly the company has also designed its tagline or slogan as “Imagination at Work” thereby reflecting on the large amount of innovative actions taken in the workplace to help in the production of effective new products aiming at meeting the needs of the consumer in a sustained fashion. The company making its activities based on the motto or slogan stated aims at creating difference of actions and thoughts while operating in the global landscape (GE-a, 2012). Attitude and Job Performance Issues of the People in General Electric The people absorbed as employees in General Electric are required to have attitudes that would help in fostering innovation and focusing on new types of business opportunities. Thereby the people are required to grow with the company harnessing the knowledge and technological resources in order to develop their individual capacity and potential. Further the concern also regards its employees to work in a culture based on integrity, trust and accountability both towards the concern and to the society at large (GE-b, 2012). In a recent issue in regards to job performance levels of the people in General Electric Company during the times of CEO, Jack Welch is that the former CEO advised the human resource managers of the firm to remove the employees from the company who would fall in the bottom 10 percent of the performance appraisal rating pyramid. Here, thus a forced distribution system in regards to the performance appraisal functions was carried out wherein the employees would be rated in regards to three categories like the upper crux of 20 percent, middle layer of 70 percent and the bottom layer of 10 percent. The final bottom layer was required by the company management to be devoid of any incentives or bonuses and finally removed from the company (Noe, Hollenbeck, Gerhart and Wright, 2006, p.282). Current Personnel Issues in General Electric In regards to current personal issues disturbing the work atmosphere of General Electric it is found that in New York the company management arrived at a confrontation with union workers pertaining to United Electricals. The issues ranged from not rendering effective sick leaves and benefits to the employees in addition to making the retirees get devoid of pension schemes and other medical care facilities. It is stated that a large number of workers joined the protests in New York City during 2011 protesting against the company’s policies in regards to sick leave that is reported not being employee friendly and stagnant for decades. The people protested that each year they work to render significant contributions to render both productivity and profitability to the firm. However in that the company takes
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General Electric Company Company History The history of General Electric dates back to 1876 when Thomas Alva Edison after visiting an expo decided to open a laboratory at Menlo Park in New Jersey. There the inventor decided to work on several electrical gadgets like dynamos based on which he hit on a brilliant idea of inventing an electric lamp…
The evolution of quality management has led to prominence of quality improvement methodologies, such as ISO 9001, Lean Production, Six Sigma, Business Process Reengineer, Business Excellence framework, and Total Quality Management (TQM). Quality management can be conceived to incorporate four critical factors; quality planning, quality assurance, quality control, and quality improvement (Hill and Jones 2010, p.3).
The success or failure of these organizations is dependent on the leadership style adopted by all the stakeholders in the company or organization, particularly the top management. This is because the manager is supposed to be aware of the individual and group behavior as well as have the capability to communicate and motivate the employees.
The company was founded by Thomas Edison, a genius in its own right with numerous patents in his fold. With true entrepreneurial spirit, the company spearheaded multi dimensional growth and development in myriad of fields. Products and Industries: GE has a varied and highly diversified product list starting from Lighting, Consumer Electronics, Appliances, Aviation, Health Care, Media, Entertainment, Energy, Finance, Water Business and many more.
nalysis through Strategic Group Mapping 27 GE Appliances 28 GE Aviation 30 Analysis through SWOT Analysis 31 GE Appliances 31 GE Aviation 32 Internal Assessment of GE Appliances and GE Aviation 33 Analysis through the VRIN Model 33 GE Appliances 34 GE Aviation 34 Analysis through SWOT Analysis 35 Positioning of GE Appliances and GE Aviation 36 Positioning through BCG Matrix 36 Analysis of the Existing Strategies of the Strategic Business Units and Corporate Level 40 Final Comments and Conclusions 42 Recommendations 43 References 45 Introduction General Electric has been successful in establishing itself as an icon in the business world.
In the early 1890s, Dr Naismith invented the basketball, when he invented the game of basketball, where the ball was crude, handmade and hand stitched. With this, the ball was irregular in shape and the bladder bore the same shape, in which the ball was made from stitched leather.
Later on, Thomas Alva Edison became the sole inventor of glowing electrical lantern (History of GE, Official Website).
Edison, then, prearranged his variety of firms and joined them into one 'the Edison General Electric Company' in the year 1890. Later on, several other electrical companies joined their hands together and merged into each other while being led by Charles A.
General Electric is one of the most prominent companies that has been the forefront runner in their market for many years. This prodigious company was initiated by a brilliant man known as Thomas Edison in
The company’s initial business offerings included: lighting, transportation, industrial products, power transmission and medical equipment. It included a number of innovations including the incandescent lamp, the dynamo which converts mechanical energy