Analysis of GE
General Electric Company
GE is a diversified services technology and manufacturing company with a commitment to achieving customer success and worldwide leadership in each of its businesses. GE operates in more than 100 countries and employs nearly 340, 000 people worldwide, including 197,000 in the United States. John F Welch has been the Chairman and CEO of GE since 1981.
The Company traces its beginning to Thomas A. Edison, who established Edison Electric Light Company in 1878. In 1892, a merger of Edison General Electric Company and Thompson-Houston Electric Company created General Electric Company. GE is the only company listed in the Dow Jones Industrial Index today that was also included in the original index in 1896.
GE has received numerous awards from different financial magazines:
Global Most Admired Company ? Fortune (1998, 1999, 2000)
World?s Most Respected Company ? Financial Times (1998,1999)
America?s Greatest Wealth Creator ? Fortune (1998,1999)
e-Business of the Year ? InternetWeek (2000)
Competitive Advantage
GE is the world?s biggest company, according to market capitalization. The Company achieves an increase of 20% in both profits and revenues year after year.
Maintain Competitive Advantage
GE manages to accomplish this through increased efficiency, global dominance, and exploring new opportunities.
Policies to Maintain Competitive Strategy
? GE?s business-to-business e-commerce
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