GE started its operations in the UK, in the year 1930 achieving tremendous growth in the past years and achieved accelerated growth in the UK through sheer hard work and innovation strategy. It is one of the biggest firms operating in the UK having invested $10 billion in the country…
Among them, Aberdeen in Scotland, London in England, and Cardiff in Wales are the most prominent locations where the firm's offices can be found. Company's investment is not limited to any one particular sector, but the company has invested in multiple sectors. Most prominently, the company has invested in Technology Infrastructure, Energy Infrastructure, GE Capital and NBC Universal. All of these entities and subsidiaries have a significant presence in the entire United Kingdom. The company as a whole is a subsidiary of one of the largest companies of the world, General Electric.
In the UK, the company is more focused in the field of Aviation and is found to be heavily involved in the work of aircraft engines. The company has two major facilities pertaining to aviation in Wales. It has two specialists overhaul and repair facilities in the notable areas of Cardiff and Prestwick. The company's recent acquisition of Smith Aerospace has made it the world leader in aviation and aerospace industry. It has achieved this position by continuously following the strategy of innovation and it was one of the major factors in making the firm as the winner firm and market leader in the aviation industry.
The invention of turbojet engines was a landmark in the history of the company's continuous struggles toward innovation and coming up with "first of its type" products. The company developed some great things, but among them the turbojet engines GE90 and GEnx hold distinctive position. The company is said to be the largest supplier of engines to corporate, military and marine industries not just in the UK, but all over the world.
GE, in the recent years, has also focused on operation excellence in combination with responsible leadership. These attributes are hallmark in the long history of GE's success. The company has always given special emphasis to health, safely and environment costs. The greatness of GE lies not just in identifying the problems that are prevalent in above mentioned field, but also finding the solutions to these problems. In the year 2008 alone, the company's hard work resulted in reduction in the injury and health problems of workers by 12 percent. In the very same year, the company committed and achieved reduction in wastewater exceedances by 8%, lost time rate by 7 percent, and Air exceedances by a massive 53 percent. The company has been recognized for its continued involvement in the CSR (Corporate social responsibility) and in the year 2008 alone, it received 650 external accolade, recognitions from the government and other NGO operating in the country.
GE is also a worldwide partner of Olympic Games. GE has been providing some important services during these games to the organizers, athletes and participants that are very important for the successful organization of these games. In order to help the organizers to stage these events properly, GE works very closely with the organizers, local municipalities and government to deliver the best-possible solutions to the problems that may occur in staging the event. In order to depict the commitment of GE to these games and to the UK as country, GE has decided to go for GOLD in the upcoming Olympic Games in London. GE is sponsoring the Triathlon team representing the United Kingdom.
GE has also worked very closely with Freightliners Limited to come up with the solution to rail road freight problems. The two companies worked tirelessly to come up with a freight ...
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(Review of GE Company Case Study Example | Topics and Well Written Essays - 750 Words)
“Review of GE Company Case Study Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.net/miscellaneous/298366-review-of-ge-company.
GE has over the last years received numerous accolades from firms such as Fortune, which have proved the advantageous position held by GE in the market globally. For instance, Fortune named GE the most admired company worldwide. In 2011, Fortune ranked General Electric the sixth most successful company in the US.
It further has been credited with implementing up-to-date technologies in environmental management.
Market share is no longer the only focus of a large corporation. In the area of supply chain management, some companies are surpassing slower rivals and are establishing positions of dominance by collaborating with carefully chosen trading partners.
Heralding and managing change refer to making of changes in a planned and systematic fashion aiming to implement new methods and systems in a regularly running organisation. Its ultimate aim is evolving out a totally new and altered organisational environment.
In the 1980 the company enjoyed constant prices because some of its consumers were public institution. However privatisation of these companies led to a decline in prices and stiff competition made the company to venture abroad. According to Yahoo finance (2009) market capitalisation stands at $51.5 billion, gross profit for the year ended 2008 amounted to $30.41 billion and the current return on equity ratio is 6.195%.
On a negative note, it can be seen that the economic problems affecting the countries in which the company operates such as downturns are a cause for concern since they affect its operations. Countries that are experiencing difficult
GE’s CEO, Jack Welch maintained a fairly diversified portfolio in the business and focused on the limited number of fields from which potential growth for the business can be achieved. Promising performance was done