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