GE: Developing 21st century global talents in China

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“I find out what the world needs, then I proceed to invent it.” - Thomas Edison

2010 $150B Revenue $12.6B earnings $14.7B cash

flow

Energy Aviation Transportation

GE Capital

Home & Business Solutions

$37.5B

$17.6B $3.4B $47.0B $8.6B

Commercial

Consumer

Real Estate

GECAS

EFS

Appliances

Lighting

Intelligent Platforms

Healthcare

$16.9B

Engine

Service

Avionics/Systems

Healthcare Systems

Life Sciences

Healthcare IT

Molecular Diagnostics

Locomotives

Services

Propulsion

Systems

2010Rev.

Power & Water

Energy Management

Oil & Gas

GE’s portfolio… structured for growth

130 year-old company 6 businesses in 100+

countries 290,000+ employees

worldwide

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A world renowned company devoted to leadership, innovation and human progress Top Awards: •World's Most Admired Companies by Fortune for 5th consecutive year (ranked 1st in 2011)•No.1 of World’s Most Sustainable Companies by Forbes •No.4 of Most Valuable Brand by Business Week and Interbrand

Over a century history presence in China

GE China key facts

History•1906: GE started business in China •1908: First lighting plant in Shenyang•1925: Acquisition of Anderson/Meyer Trading Company, servicing electrical industry in China.•1991: First JV of GE China, GE Hangwei Medical Systems, Beijing •1994: GE China co, ltd established •2000: Global Research Center, Shanghai•‘08 & ‘10: GE proudly sponsored Beijing Olympics and USA Pavilion in Expo

Current Presence•16,000+ employees, ~ supporting 90,000 jobs through JVs & sourcing •$5 billion in revenue for 2010, $4.2 billion in sourcing•59 legal entities, 26 manufacturing facilities with output of ~$1.3B•320+ offices across 174 cities•2,200 people in R&D•550+ patents originated in CTC by 2010

Vice Premier Li Keqiang met GE Chairman Jeff Immelt

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Building sustainable growth in China

StrategyStrategyPurposePurpose ExecutionExecution

Help China solve its toughest problems

Improve the quality of life for Chinese

people

Go global with Chinese businesses

Develop global talents

Build 5 China based global partnerships

Make GE partner and employer of choice

• The world’s most efficient- Gas turbines- Aircraft engines - Wind turbines- Solar panels- Locomotives

• The world’s most Affordable & Accessible Healthcare Equipment

• Rapid Product Localization• Customer Co-Creation

Innovation

• World Class Training & Research

- Shanghai Crotonville - GE China CEO program - China Global GRC

• World Class Partnerships - GE AVIC Avionics JV - GE Energy/Chinese EPC - GE CSR Transportation JV

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Solving China’s toughest problems

Balanced development•Energy efficiency•Renewables•EV infrastructure•Shale gas/IGCC

ecomagination in China:•Launched in 2006, MOU signed with NDRC•31+ eco products applied in China• ~3Bn in accumulated revenue since 2006 on eco certified equipment•$100MM funding for eco challenge

Key themes in 12th five year

plan

Our presence and commitmentOur strategy

Extended partnership with government in June 2011

A business strategy driving innovation & growth of profitable environmental solutions

Globalrevenu

e ~$21B

Improving quality of life for Chinese people

Quality of life •Rural distribution•Coverage & access•Local innovation•Information

technology

Key themes in 12th five year

plan• Largest medical devices company in China•26,000 diagnostic equipment such as CT and MRI•Solutions for primary care•Global headquarters of X-ray•Continued R&D on In China For China and Reverse Innovation. Chengdu Innovation Center to focus on rural healthcare, remote diagnostics• Joint preventive campaign (Pink Oct.) against breast cancer with MOH

Leading technology and affordable healthcare

Our strategy

Our presence and commitment

Brivo MR

Lifesaving imaging for rural markets

Handheld imager, redefining the physical

exam

In China for China Low cost with excellent

qualityVscan

LOGIQ C5

Dash 1800

MAC C3

LOGIQ C2

$3B investment

100+ products

Flying higher together with China• Largest aircraft engine manufacturer in the

world

• 2,800+ GE/CFM engines operating in the China, CFM is a 50/50 venture between GE and SAFRAN Group

• CF34-10A engines is selected to power China first regional jet – ARJ21

• CFM LEAP-X1C engines is selected to power China’s first homegrown C919 narrow-body passenger jet

• GE Capital Aviation Services lease and manage ~280 aircrafts, purchased up to 10 C919 aircraft and 25 ARJ21 regional jets

GEnx, the quietest, most fuel-efficient engine with the lowest emissions that GE has ever produced.

• GE and AVIC forms joint venture to create new global business opportunities

• GE-AVIC joint venture has been selected by COMAC to provide the avionics core processing system, display system and on-board maintenance system for C919

A China-based global partnership in Avionics

“GE has to be a place where the people want to come to work and where they want to stay and live their dreams in an open and fair, diverse environment.”  - Jeff Immelt

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GE global research footprint

Bangalore, India

4 global research centers … 5 by 2012

Niskayuna, New York

Munich, Germany

Shanghai, China

Highlights

• 3,000+ research employees (nearly 1,000 PhDs)

• 34,000+ GE technologists worldwide

• $5.9B technology annual spend

Rio de Janeiro,Brazil

2012 completion

Innovation Center… co-create solutions to address local market needs

•A $500MM commitment to building 3-5 Innovation Centers in inland China

•Co-create solutions, and respond to the market faster

•First phase in Chengdu, Xi’an, Shenyang, adding over 1,000 staff

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Tomorrow’s Calling You.

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•Edison Engineering Development Program•Financial Management Program•Information Management Leadership Program•Operations Management Leadership Program•Commercial Leadership Program •Experienced Commercial Leadership Program•Human Resources Leadership Program

* 2007 Universum Communications Survey

Top Ranked Rotational Leadership Programs*

Two years’ program, rotational in nature, offer hands-on/on-job-training experience, as well as either classroom or additional learning experience while on program.

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Invest on People

Grow Global Leaders

Closing Leadership Gap … Inbound GME … develop local successor Executive assessment & development Mentoring/ visibility/ networking

DevelopLocal Leaders

Accelerate Top Talent’s Growth … mid-senior Leadership programs Cross business / function move Global / stretched assignments Coaching & feedback

Identify Top Talent

Build Talent Pool … University strategy & leadership programs Outstanding hires … early + mid career Performance management … top talent

PB

SPB

EB+

LPB

Objective: World Class Talent ... “Promote from Within” Philosophy

Leaders

hip

Tra

inin

g

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Employees must have longer-term career opportunities

The culture of the company must be sensitive to the

Chinese culture

There must be meaningfullearning opportunities for employees

Rewards programs mustbe competitive

Employees must understand the company vision and mission Employees want to

work for a successful, well known company … good citizenship

Total Value of a “Job”

Opportunity

Company Culture

Learning

Rewards

Leadership Branding

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Great people, great platform … and more than that: we never hesitate to develop

people!