Financial Analysis of General Electric CO. - Essay Example
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GE has entered in a big way in China with about $500 million invested for the Summer Olympics. It is working on 300 projects in China and hopes to gain a foothold in a critical market. It expects a boost in sales in China of about $ 10 billion by 2010 (Associated Press,July 2007)…
In this paper we review the salient feature of the case study.
During the tenures of Jack Welch followed by Jeff Immelt, GEMS had grown to be the lead player in medical diagnostic equipment supplies and maintenance services. In 2002 when Joe Hogan took up the reins he faced a difficult situation of having to decide whether GEMS should continue its policy of being a Global Products Company (GPC) or modify the concept to 'In China for China'.
General Electric has a solid mission with excellent career training and career development for employees. These concepts have allowed General Electric to become one of the largest global success stories in the world. Thus, as a result of General Electric's success, I would continue to focus on the global aspects that have already allowed the company to achieve so much; the focus on integrity and diversity, which allows General Electric to reach customers throughout the globe.
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.
It is expected for companies to follow a high ethical standard. Ethical behavior involves deciding between that is morally good or right (Shermerhonrn & Hunt & Osborn, 2003). Ethics and social responsibility affect the