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’. GPC required that the manufacturing activity of the entire range of products be concentrated in places, including China, where this could be done at the lowest cost while maintaining standards and supplies made to the entire global market. The alternative would mean that the production in China would be meant exclusively for the Chinese markets.
GEMS also had to decide whether it would continue concentration on excellence in engineering or move to new areas of genomics and healthcare information which would bring it into competition with smaller software companies but has to be done if GEMS has to be part of the emerging technologies that might, one day, make its existing lines of business obsolete and redundant.
Analysis of the market situation revealed that the population of advanced countries was increasingly becoming older needing higher spending on healthcare making double digit growth in healthcare related industry possible. However the low per capita spend on medicine and diagnostics in emerging economies like China and India opened doors for a huge opportunity for GEMS both for new equipment as well as for reconditioned equipment marketed under its Gold Seal program. Other countries in Eastern Europe and Latin America were also emerging as large markets with opening up of their economies and development of their soft infrastructure.
China was predominantly a low-end equipment market and had allowed the use of used equipment also. The market segmentation was high-end products, sold mainly in the US, Japan and other developed countries contributing 45%, mid-tier products 35% and the low-end making up the balance 20%. However it was the cheaper products that had the maximum potential for growth due to
The case study on General Electric Medical Systems (GEMS) is prepared and presented using reports of the company and provides a GE-centric view of the progress and growth of the division and its success. The success is related to the financial performance of the company and does…
The company is considered among the best companies in the world due to products and as well as the profits margins over the recent financial periods. To be specific in this particular case and considering the 2011 rankings, the company attained the sixth position of the best companies in the United States.
The author states that the UK offers stable political conditions and a favorable business environment. The laws, rules, and regulations are also favorable for any company to establish its business operations in the region. It is said to provide a very politically friendly environment for conducting businesses.
(Harris, A. & Catts, T. 2011) All these bond offerings are spread to different maturities with different coupon rates attached to it. The company has offered $1.75 billion at 2.1 percent with 3-year notes yielding 1.1 percent more than comparable treasuries and $2 billion is offered at 4.625 percent with 10-year notes.
Today, healthcare providers work to transform the delivery of patient care through accelerating the processes of electronic care, quality measuring, interoperability for care, improvement, and reporting. This paper seeks to discuss a computer network within a hospital in relations to supporting EMR and its components.
To achieve this, General Electric must have an enthusiasm for excellence and hate bureaucracy.
"Imagine, solve, build and lead - four bold verbs that express what it is to be part of General Electric. Their action-oriented nature says something about who we are - and should serve to energize ourselves and our teams around leading change and driving performance." (http://www.ge.com/en/company/companyinfo/at_a_glance/ge_values.htm)
The challenge in engineering this project provided insight to Wiener and his colleagues to create this new branch of science called cybernetics. Cybernetics has been defined as the science of information involving in feedback systems. The concepts of cybernetics, when combined with the digital computers being created at that time, led Wiener to draw some insightful ethical conclusions.
Significantly, electric fish have often fascinated people to a great extent throughout history and continue to do so in the modern age. Thus, the electric fish has aroused interest and curiosity among the ancient Egyptians, Romans, Arabs and Greeks. The Egyptians have ascribed the word "thunder" to catfish, a variety of electric fish.
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.