g.e presentation
TRANSCRIPT
Presented By,A.Priyanka,
130101ECR018
General ElectricImagination at Work
About :General Electric Company, or GE, is an
American multinational conglomerate corporation
incorporated in Schenectady, New York and
headquartered in Fairfield, Connecticut, United
States. The company operates through four
segments: Energy, Technology Infrastructure,
Capital Finance and Consumer & Industrial. Headed
by Chairman & CEO, Jeffrey Immelt, GE is a $42.8
billion conglomerate traded at NYSE, Dow Jones
and S&P 500.
Head Quarters
Founders :
In 1876, Thomas Alva Edison opened a laboratory in Menlo Park, New Jersey and out of that laboratory, he invented one of the greatest and useful inventions ever, the incandescent electric lamp.
In 1878, Thomas Edison founded the Edison General Electric Company.
By 1890, Edison established the Edison General Electric Company by bringing his various businesses together.
Thomas Alva Edition
During that period, a competitor emerged. The Thomson-Houston Company became a dominant electrical innovation company through a series of mergers led by Charles A. Coffin, a former shoe manufacturer from Lynn, Massachusetts.
As both businesses expanded, it had become increasingly difficult for either company to produce complete electrical installations relying solely on their own patents and technologies.
In 1892, the two companies combined. They called the new organization the “General Electric Company”.
Founders :
Jeffrey is the President and CEO at GE in2011.
Mr. Immelt has held several global leadership positions since coming to GE in 1982, including roles in GE's Plastics, Appliance, and Healthcare businesses.
He has been named one of the "World's Best CEOs" three times by Barron's, and since he began serving as chief executive officer, GE has been named "America's Most Admired Company"
Chief Executive Officer :
Jeffrey R. Immelt
Governance and Compliance
Environment health and Safety
Education
Community Development
Objectives of the company
GE Company Goal
GE set the goal for becoming number one or number two in every market it serves.
• The original version of General Electric’s circular logo and trademark is composed by David Lucas. The trademark application was filed on July 24, 1899 and registered on September 18, 1900.
“We bring good things to life”
Logo and Slogan of Company :
• Jeffrey Immelt has made modification to the G.E Logo, a new customized font(G.E Inspira) and a new slogan in 2010.
“imagination at Work”
Logo and Slogan of Company :
Organization Chart
Appliances for Business
Appliances for Consumers
Aviation
Capital
Consumer Electronics
Critical Power
Energy Management
Healthcare
Home Improvement
GE Products (Global)
Housewares
Mining
Industrial Solutions
Intelligent Platforms
Lighting for Business
Lighting for Consumers
Personal Healthcare
Power & Water
Software
Transportation
GE Products (Global)
Businesses :
GE's divisions include
GE Aviation, GE Capital, GE Energy, GE Home & Business Solutions, GE Global Research, GE Health Care, GE Technology Infrastructure.
GE Aviation
GE Aviation, founded in 1917 is headquartered in Evendale, Ohio. GEAviation is among the top aircraft engine suppliers, and offers enginesfor the majority of commercial aircraft. GE Aviation is part of theGeneral Electric. The division operated under the name of GeneralElectric Aircraft Engines or GEAE until September 2005. GE Aviation'smain competitors in the engine market are Rolls-Royce and Pratt &Whitney.
GE Capital Finance
GE Capital various divisions include GE Capital Aviation Services, GECapital Real Estate, GE Energy Financial Services and GE Money. Itprovides commercial lending and leasing, as well as a range of financialservices for healthcare, media, communications, entertainment,consumers, real estate, and aviation to small and mid-sized companies.GE Capital had 60,000+ employees worldwide, operating in more than55 countries, with total assets of $600B.
GE Energy
GE Energy is headquartered in Atlanta, Georgia, United States. Themajor heads of GE Energy are
GE Energy Management (Digital Energy, Industrial Solutions,Environmental Services.)
GE Oil & Gas (Drilling Solutions, Industrial Power Generation, Refinery& Petrochemicals, Gas Storage & Pipeline.)
GE Power & Water (Aero derivative Gas Turbines, Gas Engines, PowerGeneration Services, Thermal Products, Water & Process Technologies,Renewable Energy.)
The Revenue of GE Energy as of 2012 was $40 Bn.
GE Home & Business Solutions has three primary sub businesses :
GE Appliances
GE Intelligent Platforms (Control and Communications Systems (CCS), Industrial software, Military and aerospace)
GE Lighting (Founded in 1911, headquartered in Nela Park, East Cleveland, Ohio, employing 17,000 people and a revenue of $3 Bn.)
GE Home and Business
GE Global Research is the research and development division primary facility is located in Niskayuna, New York. GE Global Research maintains four equally significant laboratories located in Bangalore (India), Shanghai (China), Munich (Germany), and San Ramon (California). These labs have various Computer Scientists, Physicist and cosmologists working on experiments.
GE Global Research
GE Healthcare is a division of GE Technology Infrastructure, which employs more than 46,000 people worldwide and is headquartered in Little Chalfont, Buckinghamshire, United Kingdom.GE Healthcare currently has 7 primary business units of which 5 in US, 1 in UK & 1 in Sweden. Its biggest R&D center is in Bangalore, India, built at a cost of $50 million.
GE Healthcare
GE Transportation, formerly known as GE Rail, is a division of General Electric. The organization manufactures equipment for the railroad, marine, mining, drilling and energy generation industries. It is based in Erie, Pennsylvania.
Evolution Series Locomotive, L250 Marine Engine, 360 AC Drive Systems, 752 DC Drilling Motor, Wind Turbine Drive Systems, V228 Series engine, Durathon UPS are some of the major products.
GE Transportation is an estimated $5 Bn organization.
GE Transportation
Strengths
Global strength and recognition
5th in Fortune 500 list, operating in
more than 160 countries
Excellent management
Proven leadership and business
model
Confident investors – raising capital
Diverse product range
Weakness
Company size/ acquisition restriction
Energy Segment Underperforming, no signs of near future recovery
Flexibility
Large and diverse businesses might overstretch the company and reduce reaction times to shifts in targeted markets
SWOT Analysis
Threats
Exposure to global economy
Economy slowdown would affect GE, since 40% of the revenue is generated overseas
Exposed to currency fluctuations
More transparency and disclosure; skeptical investors
Constant change in technology heats up competition
Very diverse:- tough to be the best in all industry
Opportunities
Research and Development
Immense capital allows GE to contribute a lot to R&D for product development and improvement
Increased geographic growth
Global expansion = more opportunities (Eg. China)
Improved customer services
SWOT Analysis
1902 : Sets up India's first hydropower plant in Karnataka
1969 : Set up nuclear reactors at Tarapore
1982 : GE's CF6-50 engines power Indian Airlines and Air India
1986 : Partnership with BHEL for Gas Turbines
1996 : Rolls out the first “In India For India” product -LOGIQ100. the world renowned ultrasound.
1998 : GE Capital & State Bank of India enter into o joint venture for credit cards
2000 : Establishes GE's R&D center - John F. welch Technology Center the first to be located outside the US
2003 : Delivers the first engine for the LCA-Tejas
2005 : Jet Airways orders GE-90 115 B, engines to power its 10 Boeing 777 aircraft.
2008 : Launch of MAC A00. a battery operated low-cost ECG System .
2010 : Establishes turbine assembly plant in Pune, a joint venture between GE Oil & Gas and TriveniTurbine Ltd.
2012 : Launches Asia's first electronic Intensive Care Unit.
Milestones in India
GE India Industrial Pvt. Ltd, Gurgaon
GE India Industrial Pvt. Ltd, New Delhi
GE India Industrial Pvt. Ltd, Pune
GE India Industrial Pvt. Ltd, Chakhan, Pune
GE CAPITAL – Gurgaon
GE ENERGY – Gurgaon
BENTLY NEVADA INDIA – Mumbai
GE HEALTHCARE – Bangalore
GE JOHN F WELCH TECHNOLOGY CENTER –Bangalore
GE ENERGY TECHNOLOGY CENTER – Hyderabad
GLOBAL TECHNOLOGY SOLUTIONS – Bangalore
INDIA INNOVATION CENTER – Secunderabad
Locations in India
Income Of The Company
Taxes Of The Company
Launched by Jack Welch in 1995
He was chairman and CEO of General
electric between 1981 and 2001. During his
tenure at GE, the company's value rose
4000%.
Implemented initially for 200 projects
By 1997, statistical process control used in
6,000 GE projects, training sessions
$320 million reported (1998) in benefits
from Six Sigma implementation
Six Sigma Methodology
JackWelch
$320 million reported (1998) in benefits from Six
Sigma implementation
Implementation of lean Six Sigma methodology
for manufacturing and service processes
Originally established in U.S. by Motorola
Goal: meet or exceed level of 3.4 defects per
million operations within any process
Six Sigma Methodology
Ecomagination
“Ecomagination is completely revolutionizing the way we collaborate with customers,broadly expanding our product portfolio through technical and commercialinnovations, facilitating enlightened policy dialogues from Washington to Beijing,motivating employees around the world and attracting new talent on the campuseswhere we prospect for tomorrow’s GE leaders.”
-Jeffrey Immelt CEO, Lorraine Bolsinger VP Ecomagination