Essay on General Electric, A Swot Analysis

Essay on General Electric, A Swot Analysis

Length: 1249 words (3.6 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

The first step to doing an external analysis on General Electric is to conduct a PESTEL Analysis. PESTEL is an acronym for political, economic, sociocultural, technological, ecological, and legal factors affecting a company. Using the PESTEL model, it is easy to evaluate external factors that could possibly have an effect on the company.
With General Electric being a multinational company, political factors play a huge part in their operations. GE has to be aware of all of the different tax laws in all of the companies that they operate in which is over 170 different countries ( . Some of these countries have very favorable environments for businesses to operate in, while other countries have extremely hard regulations and government intervention that makes it more difficult to operate in. The United States provides a favorable environment for businesses to operate in where as a country such as China, who has extremely tough regulations and government intervention, can be quite difficult to operate in. Working in countries that have more regulations such as China pose more of a risk to companies entering their market since the government can take it over. Multinational companies such as GE need to keep all of this in mind to keep their business operating smoothly.
Economically, General Electric is affected by changes in interest and exchange rates around the world. Government spending is another huge external factor for GE. When government spending is increased in countries that GE operates in, it is beneficial for the company. Adversely, as government spending is decreased, it hurts GE. A few other economic factors that play a part in GE’s external environment are employme...

... middle of paper ...

...l electricity grows. GE must do everything in their power to stay ahead of the technology curve and make sure they are innovating and evolving as time goes on.
One of the main competitors to GE according to is Siemens ( GE and Siemens operate in many similar industries such as power, financing, home appliances, and transportation to name a few. When comparing the revenue of the two companies, GE comes out on top with $146 billion to Siemens $102 billion ( With GE’s revenue being so much higher than Siemens, they appear to be ahead of Siemens as of now. However, GE needs to continue growing and improving to make sure they can stay ahead of their counterpart rivals.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay about General Electric Company

- Introduction In modern times, publicly traded corporations are very widespread all around the world. A publicly traded corporation means that a company can be owned by a large group of people. Each shareholder can influence the decision making of the company and get its dividends from the profit. Being a publicly traded corporation means disclosure of all financial statements, even if it can be used against the company by its competitors. A positive issue is the raising of funds for expansion and investment....   [tags: GE Analysis]

Better Essays
2523 words (7.2 pages)

The General Electric Company Essay example

- The General Electric Company abbreviated as GE is among the main expanded technology, mass media and fiscal services corporations internationally. The headquarters is in a town known as Schenectady in New York and in Fairfield, CT. It functions via 11 core areas, they include GE Advanced Materials, GE Consumer & Industrial, GE Energy; GE Healthcare, GE Infrastructure, GE Transportation, NBC Universal (80 percent owned by GE), GE Commercial Finance, GE Consumer and GE Insurance. GE is a multinational and functions in in excess of 100 countries globally and makes roughly 45 percent of its incomes away from the US....   [tags: Technology, Investment]

Better Essays
1416 words (4 pages)

Globalization And Technology : General Electric ( Ge ) Essay

- Globalization and Technology General Electric (GE) has manufactured and sold products that span from a small household appliance to health care equipment, and also jet engines for years. They are a business that has a solid footprint in the global markets and technology growth. Growing demands for new technology remains just as strong as ever. GE has combined technology and globalization by taking their state of the art products around the globe and they are in 130 countries (Directory, 2016)....   [tags: Strategic management, Globalization, Das Model]

Better Essays
1118 words (3.2 pages)

Essay about General Motors And Its Pension Plan

- On June 1st 2009, General Motors entered bankruptcy protection and has been fighting there way back ever since. In November of 2010, they sold a portion of their stock holdings and bought them all back by the end of 2012 allowing the company greater financial flexibility (General Motors, 2016). General Motors has reduced their fixed costs since the 2008 bankruptcy and had a net income of $5 billion in 2010 and $8 million in 2011 (Noe, 2015). In 2015 17.4 million vehicles were sold in the U.S. and 9.8 million of those were cars and trucks manufactured by General Motors (Automotive Industry Spotlight, 2016)....   [tags: General Motors, Automotive industry, Suzuki]

Better Essays
968 words (2.8 pages)

Essay about Walgreen's SWOT Analysis

- Walgreens was founded in 1901 and provides convenient access to consumer goods and services, pharmacy, health and wellness services ( Walgreens has a conglomerate diversification business strategy which means they expand not only in pharmacy services but unrelated businesses such as health care clinics and in some areas Walgreens hosts 800 E.V. chargers. This type of business strategy helps to minimize risks due to fluctuations in one industry (Bateman, Snell 85). This type of corporate strategy is working very well for the Walgreens organization....   [tags: Business Administration]

Better Essays
997 words (2.8 pages)

Ford Motor Company Swot Analysis Essay

- Ford Motor Company SWOT Analysis Ford has been has been at the heart of the American auto industry since its founding in 1903. It has become part of the big three American automotive companies establishing itself as one of the best automobile manufactures in the United States (US). Ford comes with a built tough attitude that has propelled them to the height of the American truck market. With this strength also comes opportunities from external sources. Although Ford has its strengths it does not come without any weakness....   [tags: Automotive industry, Ford Motor Company, Renault]

Better Essays
795 words (2.3 pages)

Swot Analysis Of International Industry Analysis Essay

- Table of Content: Contents Introduction 3 PESTEL 4 Pestel for Global Retailers: 4 CAGE 8 CAGE for Global retailers: 8 CAGE for CEM: 9 Yip’s Drivers 11 Yip’s for global retailers: 11 Yip’s for CEM: 12 Conclusion 14 Reference 15 Portfolio assignment international industry analysis. Introduction: International industry analysis is a very broad concept to look at; to do a detailed analysis of this internationalisation is the key concept of this report....   [tags: Retailing, Online shopping, Manufacturing]

Better Essays
1346 words (3.8 pages)

Essay on Swot Analysis : Xerox Corporation

- Mann (2015) maintains Robert Camp, a logistics engineer, became known as the leader of the benchmarking movement when he initiated the idea at Xerox. To increase its plummeting market share, Xerox Corporation underwent more than 230 process assessments to improve their business between 1981 and 1989. After accepting the concept, the company began to benchmark all aspects of their operations in an effort to improve quality, cost and productivity (Attiany, 2014). Their realization that success comes from superior practices across all companies, not just competitors, caused them to look beyond their competition to all companies for best practices, which included billing practices from American...   [tags: Management, Strategic management]

Better Essays
1060 words (3 pages)

Swot Analysis : General Motors Essay

- When a company has endured tough competition, it is important to have established steps for accomplishing greater opportunities within an industry. If problems within a company are not handled accordingly, it will result in the termination of a company. According to the article, “Thus, the ability to manage change, while continuing to meet the needs of stakeholders, is a very important skill required by today 's leaders and managers” (McNamara). General Motors is one of the largest Automobile manufactures in the world and they are not excused from competition in the industry....   [tags: General Motors, Automotive industry]

Better Essays
1187 words (3.4 pages)

Swot Analysis Of Mcdonald's Vs. Burger King Essay

- The McDonald brothers' first restaurant, founded in 1937 in a parking lot just east of Pasadena, Calif., didn't serve hamburgers. It had no playground and no Happy Meals. The most popular item on the menu was the hot dog, and most people ate it sitting on an outdoor stool or in their cherished new autos while being served by teenage carhops. That model was a smashing success--for about a decade. Then America's tastes began to change, and the Golden Arches changed with them. As cars lost some of their romance, indoor restaurants took over....   [tags: McDonalds Business Compare Burger King]

Better Essays
1362 words (3.9 pages)