Ge Management - 1094 Words

General Electric (GE) was founded by Thomas Edison in 1878 as a way for him to fund his research into electric light. Only one year later in 1879 he accomplished that mission when he created the first incandescent light. Incandescent light was only the beginning, over the next 128 years GE became an innovator in the advancement of technology and implementing new ideas. Some of these products included the first electric powered X-ray machine, television, radio, locomotives, home appliances and radar systems. While GE was building a name for itself with great new products it also became a leader with its innovations in management. In 1900 GE embarked on its first management initiative by creating the first corporate research and†¦show more content†¦They began to see employees as valuable resources and were the first to offer pension and profit sharing plans. GE was beginning to understand that to maximize a workers potential you must consider their thoughts, feeling and emotions. In the 1960s when the quantitative perspective was emerging GE developed the Business Screen. The screen was one of many new tools that used mathematical concepts to help guide a company’s business dealings. As described previously the screen was used to to identify the optimal portfolio of business units that a company can hold. 2. Which of GE’s management innovations seem to draw on a classical management perspective? Which seem to draw on a behavioral management perspective? I believe that GE’s innovation of Six Sigma, Workout and Blub Books all drew on the classical management perspective. More specifically the Blue Books drew on scientific management as they were more concerned with improving the performance of each manager. The Six Sigma quality initiative was more administrative management as is dealt with the idea an entire organization can become more efficient. There are two innovations that I believe drew on the behavioral management perspective. First, the pension and profit sharing plans for its employees that I discussed earlier. Second, is the policy of firing the lowest performing 10% of workers. Without question I believe thisShow MoreRelatedGe Energy Management Initiative Essay examples1266 Words   |  6 PagesThe GE Energy Management Initiative (A) By taking the position as Raj Bhatt, Business Development manager of GE Canada, I am comfortable and confident that energy efficiency is an attractive industry and business opportunity. 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GE is committed to focusing on long-term opportunities. The company has a philosophy of only concentrating on markets that it can dominate as GE positions itself to be a leader. The reason it has remained competitive for more thanRead MoreSWOT Analysis of GE1033 Words   |  5 PagesSTRENGTHS Global recognition: General Electric has ventured into the world market thus gaining global recognition for its unique goods and services. In the year 2009, Forbes magazine ranked GE as the world s largest company. Hurbert (2007) notes that General Electric s brand is the world s most recognized brand. This kind of recognition has given it a competitive edge over other companies due to its ability to attract more customers. Global strength and competitiveness:The Company’s productsRead MoreChallenges Faced With Ge Healthcare1464 Words   |  6 Pages GE healthcare has positioned it self as a global player in more than 100 countries. The company has laid his hands in all the aspects of healthcare. Though they have been leaders in this industry, the company faces number of challenges. The challenges include complying with safety standards of different countries, setting up presence in emerging markets, low cost innovation, educating workforce, administering clinical data ethically, aligning information technology with health care and minimizingRead MoreGe Energy and Ge Healthcare2444 Words   |  10 PagesGE Energy and GE Healthcare Case Study 1. What are the business benefits of using information technology to build strategic customer relationships for GE Energy and GE Healthcare? What are the business benefits for their customers? Technology is no longer an afterthought in forming business strategy, but the actual cause and driver. Networking and data storage analysis technologies enabled GE to gain a competitive advantage by providing unique products and services to their customers. WhatRead MoreA Strategic Analysis of Ge Healthcare1561 Words   |  7 PagesA strategic analysis of GE healthcare GE Healthcare: Company Overview GE Healthcare is a unit of the wider General Electric Company. It has a global orientation, employing more than 46, 000 staff committed to serving healthcare professionals and patients in over 100 countries. It is headquartered in the United Kingdom (UK)-the first GE business segment outside the United States. It has a turnover of approximately $ 17 billion. The headquarters hosts GE healthcare corporate offices as well as finance