Buisness

Tameka Murphy

Kate Colberg

(2015SU2-BME-212314-03) Management Principles

July 7, 2015

Case Study GE

1. The main player in GE were John F. Welch, Jr., chairman and CEO of General Electric

2. General Electric (GE) is an American multinational conglomerate corporation, Welch shifted GE's business from manufacturing to financial services through numerous acquisitions. GE participates in markets that include the generation, transmission and distribution of electricity (e.g. nuclear, gas and solar), lighting, industrial automation, medical imaging equipment, motors, railway locomotives, aircraft jet engines, and aviation services. Through GE Commercial Finance, GE Consumer Finance, GE Equipment Services, and GE Insurance it offers a range of financial services. It has a presence in over 100 countries.

3. Some of the issues which faced General Electric reached its peak size by 1999, but a growing reliance on profits from its financial division was a drag on the company. GE's acquisition of Kidder, Peabody & Co. blew up, the firm was part of the Ivan Boesky scandal before the acquisition, which left GE with legal fines, although the company had not been charged at the time. Second, Welch was burned when rogue trader Joseph Jett did $250 million in fake trades.

4. What is the primary problem for the company/organization in this case? The world is faced with big challenges that constitute GE challenges, such as reserves of oil and gas are being depleted, global recognition of reducing greenhouse gas emissions, lack of clean water, new demands on natural resources, infrastructure, and access to energy. GE tackles these challenges by helping the environment and customers while rewarding shareowners. This action The growth in some GE businesses seems to be slowing, and its revenue remained roughly flat in the first quarter from a year earlier. Investors have been concerned with GE's debt level. GE's share prices have fallen recently.

5. The problems I have sited...