GE electronics
Founders
Chief Executive Officer
GE Company Goal
Objectives of the company
Logo and Slogan of Company :
GE Products (Global)
Businesses
GE Aviation
GE Capital Finance
SWOT Analysis
Milestones in India
Taxes Of The Company
Six Sigma Methodology
2. 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
3. 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
4. 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 :
5. 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
6. 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.
7. • 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 :
8. • 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 :
10. Appliances for Business
Appliances for
Consumers
Aviation
Capital
Consumer Electronics
Critical Power
Energy Management
Healthcare
Home Improvement
GE Products (Global)
11. Housewares
Mining
Industrial Solutions
Intelligent Platforms
Lighting for Business
Lighting for Consumers
Personal Healthcare
Power & Water
Software
Transportation
GE Products (Global)
12. Businesses :
GE's divisions include
GE Aviation,
GE Capital,
GE Energy,
GE Home & Business Solutions,
GE Global Research,
GE Health Care,
GE Technology Infrastructure.
13. GE Aviation
GE Aviation, founded in 1917 is headquartered in Evendale, Ohio. GE
Aviation is among the top aircraft engine suppliers, and offers engines
for the majority of commercial aircraft. GE Aviation is part of the
General Electric. The division operated under the name of General
Electric Aircraft Engines or GEAE until September 2005. GE Aviation's
main competitors in the engine market are Rolls-Royce and Pratt &
Whitney.
14. GE Capital Finance
GE Capital various divisions include GE Capital Aviation Services, GE
Capital Real Estate, GE Energy Financial Services and GE Money. It
provides commercial lending and leasing, as well as a range of financial
services 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 than
55 countries, with total assets of $600B.
15. GE Energy
GE Energy is headquartered in Atlanta, Georgia, United States. The
major 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, Power
Generation Services, Thermal Products, Water & Process Technologies,
Renewable Energy.)
The Revenue of GE Energy as of 2012 was $40 Bn.
16. 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
17. 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
18. 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
19. 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
20.
21. 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
22. 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
23. 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 Triveni
Turbine Ltd.
2012 : Launches Asia's first electronic Intensive Care Unit.
Milestones in India
24. 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
27. 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
28. $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
29. Ecomagination
“Ecomagination is completely revolutionizing the way we collaborate with customers,
broadly expanding our product portfolio through technical and commercial
innovations, facilitating enlightened policy dialogues from Washington to Beijing,
motivating employees around the world and attracting new talent on the campuses
where we prospect for tomorrow’s GE leaders.”
-Jeffrey Immelt CEO, Lorraine Bolsinger VP Ecomagination