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.
General Electrical Company belongs to numerous publicly traded corporations in the
United States of America. It is a diversified industrial corporation. The official website of the
company gives information about the company’s work in four directions: building, curing,
moving and powering.
1) Building – General Electrical Company is building the world by providing capital,
expertise and infrastructure for a global economy;
2) Curing – General Electrical (GE) is constantly working to make the world a healthier place
by supplying the healthcare technology that saves nearly 3,000 lives every day;
3) Moving – the company moves the world in the safest, fastest and most efficient ways
possible;
4) Powering - GE powers the world with the cleanest, most advanced technologies and
energy solutions.
Currently, the company operates in such segments as GE Energy, GE Healthcare, GE
Aviation, GE Capital, GE Lighting, and Home & Business Solutions. There are over 300,000
employees in more than 100 countries.
Mission and Vision of General Electric Company
The mission and vision are very important parts of the company’s work. The mission
statement informs people what the company determine...
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...2012/pdf/GE_AR12.pdf
General Electric Company. (2008) The spirit & the letter. Retrieved from
http://files.gecompany.com/gecom/citizenship/pdfs/TheSpirit&TheLetter.pdf
General Electric Company. (2014a). The Governance and Public Affairs Committee Charter.
Retrieved from
http://www.ge.com/sites/default/files/GPAC_charter.pdf
General Electric Company. (2014b). Risk Committee Charter. Retrieved from
http://www.ge.com/sites/default/files/RC_charter.pdf
General Electric Company. (n.d.). Fact sheet. Retrieved from http://www.ge.com/about-
us/fact-sheet
Porter, M. E. (1980). Competitive strategy: Techniques for Analyzing Industries and
Competitors. New York: The Free Press.
Porter, M. E. (2008). The five competitive forces that shape strategy. Harvard Business
Review. Retrieved from
http://hbr.org/2008/01/the-five-competitive-forces-that-shape-
strategy/ar/1
1. How was Lincoln able to grow and prosper for so long in such a difficult commodity industry that forced out other giants such as General Electric, Westinghouse and BOC? What is the source of Lincoln’s outstanding and enduring success?
The company's management put a lot of emphasis on taking care of its employees, encouraging an entrepreneurial spirit, treating each other with respect, and being committed
General Electric Corporation is a multi-billion dollar conglomerate founded in 1892. The company was founded in Schenectady, New York to capitalize on the patents of Thomas Edison and the use of electric power through generation and distribution. Now a blue chip publicly traded company that has branched out beyond its core into arenas such as aircraft engineering, television, and home appliances to name a few. Over the years the corporation has been through different management models that have brought innovation in many forms that have allowed them to be envied by companies around the world. Despite great success since its conception, like many companies who can withstand the test of times, it’s natural for them to become self-absorbed, which can have a negative impact on the company structure as a whole. Coming across someone like Jack Welch who can think out of the box and in a manner that doesn’t strain the resources of the company but expands the thinking of the company as a collective unit is needed to continue the legacy of innovation in all aspects of business.
Exxon Mobil Exxon Mobil is listed as one of the worlds largest Fortune 500 companies according to Fortune Magazine, 2006. Because of its size, I became interested in this company for my research paper on corporate social responsibility. Exxon Mobile has a rich history that dates back to 1859. It all started when two individuals drilled an oil well in Pennsylvania. In 1870, Rockefeller and his associates formed the Standard Oil Company.
strong global presence tha t dates back to 1882 when it opened a plant in
In the past, General Motors (GM) has been the top seller of the three major automakers and had one of the strongest unions in the United States. Today, GM is decreasing in rank due to other automakers. The moral among the members of the United Auto Workers (UAW) is diminishing. If things continue on this current path, GM may be of the pass. Even with all the discounts GM is advertising, this may not be enough to pull them out of their financial burden. Could the answers to GM worries be the UAW?
As we learn from the case study, the Lincoln Electric Company is the largest global manufacturer of machines for welding, which are used in all kinds of construction projects. This means that the company has a large global presence and many employees, so its culture affects thousands of its workers. Even though it is now 2014, the company still has a large market share and very satisfied employees, so clearly the culture leaves employees satisfied and motivates them to work hard for the company.
Decision companies are increasingly thinking about getting rid of annual pay raises. The positive side of this could redefine reward systems that motivate employees and attract high quality workers. Being that it could also have a negative side, it could prove to be a demoralizing switch that leaves many workers unable to provide for their cost of living. There is a decision to be made throughout the company which will have an effect not only on the company, but on the employees as well. Problem: There are some leaders that feel like annual pay raises are so small that they may not motivate the workers to stay, or help the company reach their goal.
General Electric Company (GE) is a diversified technology, media and financial services company. With products and services ranging from aircrafts engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and industrial products, it serves in more than 100 countries. This analysis will use financial ratios to see just how GE is performing as a Fortune 500 company.
One disadvantage of using financial statements is the fact you cannot always provide people what they deserve due to cost. Greg said in many corporations certain repairs; equipment and pay raises have to be put aside, this is if the cost of production is too high and outweighs the revenue we make.
The company has many warehouses and stores in the so many countries such as Canada, USA, United Kingdom, Mexico and many more in the whole world.
In this paper you will learned about a company named Exxon Mobil. That company was founded by John. D. Rockefeller and partners. The company was established in 1870. As you start reading first paragraph, you will see how their hardworking skills made the Standard Oil controlled 95% of the US refining capacity by the year of 1878. As you read further you see how they almost ruined their reputation because they misled the public about Climate Change for a long time. Exxon Mobil company tried to fix the problem by having a goal to reduce greenhouse gas emissions and encourage people to follow the Paris Climate Agreement.
The strategic planning process is the formulation of the company’s major objectives and execution plans. This process is of particular interest in GE. Strategy formulation is the process of choosing the best methods for a company where customer needs; competitive position and internal capability are the three factors that play the main role in strategic planning. Every manager needs to have at least a simple notion of strategic planning to formulate his strategic plans. Strategic Planning is a wide and complex subject. Strategic Management background is an essential basis of any organization.
For a company to be successful it is important that it has very good organization. Organization can be defined in many different ways. Bateman and Snell define organizing as assembling and coordinating the human, financial, physical, informational,
Plant/R&D locations: To keep costs low, the company operated in different geographical locations like China (manufacturing) and India (R&D).