Discussion—General Electric
latice1Assignment 1: Discussion—General Electric Sustained profits come from building a competitive advantage. This advantage can be accomplished not only through good financial return on a specific process but also through the correct capacity decisions that must be integrated into the organization’s mission and strategy. Jack Welch, former CEO of General Electric (GE), understood this better than anyone else. Although GE was a profitable and respected company when Welch took over, its financial results during the1970s were troubling to both its investors and senior management. Welch immediately made changes to the company’s structure and management practices. From the beginning, he stressed the importance of being one of the top players in the industry. He told his colleagues that GE should always be number one or number two in all its businesses; if it was not, then their only options would be to fix, sell, or shut down. Because of this strategic direction, GE today usually dominates the markets in which it participates; and if it does not, then it divests. A major part of GE’s strategy is to be the first or second in every market. As you review the module readings for this week, consider the complexity of GE’s products and its emphasis on vertical integration and capacity planning. GE’s Profile The General Electric Company, or GE, is a diversified company that offers GE’s Reach The General Electric Company is organized into 5 divisions including Services Chemicals, Petrochemicals, and Fertilizers GE. (2013). The History of General Electric. Retrieved from http://www.ge.com/about-us/history/1878-1904. GE. (2013). GE fact sheet. Retrieved from http://www.ge.com/pdf/news/GE-Fact-Sheet.pdf Using the information above, the module readings, Argosy University online library resources, and the Internet, respond to the following:
Write your initial response in 300–500 words. Apply APA standards to citation of sources. By Saturday, August 2, 2014, post your response to the appropriate Discussion Area. Through Wednesday, August 6, 2014, review and comment on at least two peers’ responses related to their firm of choice. Do the following when responding to your peers:
|
- 10 years ago
- 10
Purchase the answer to view it
- general_electric__final.docx
Purchase the answer to view it
- general_electric.docx
Purchase the answer to view it
- general_electric_company.docx
Purchase the answer to view it
- general_electric_company.docx
- 200 word answer
- Capital Budgeting Process
- Economics of Risk and Uncertainty Applied Problems Please, complete the following two applied problems in a Word or Excel document....
- PROJ587 Case study week 5
- i need this chart
- for proteach for $1.00
- US-Mexico War Internet Assignment
- INB 205 Wk 3 CheckPoint - South Korea Sociocultural Report - 20 of 25
- ACC225 Week 3 CheckPoint Adjustments and Accrual and Cash Basis Accounting.zip
- 1st tutorial