Organizational analysis of General Electric

Organizational Analysis of General Electric

Introduction

General Electric commonly referred to as GE is one of the leading American multinational conglomerate. The company was found in 1892 in Schenectady, New York by Thomas Edison, Elihu Thompson, Charles Coffin and Edwin Houston. Currently GE is headquartered at Connecticut, United States. The company operates in 4 major segments; energy, technology infrastructure, capital financing and industrial According to Forbes in 2011 GE was the third largest company in the world based on gross revenue.

In 1890 JP Morgan purchased many of his business interests under one corporation to formulate the Edison General Electric, meanwhile Charles Coffin who was the head of Thomson - Houston Electric company had acquired many competitors. General electric was officially formulated when the merger between General electric and Thomson Houston Electric company.

GE is focused on finding the best solutions in regards to energy, financing, buildings, infrastructure, powering and moving. GE has implemented numerous new technologies in order to identify better solutions in manufacturing and overall improving the world's economic grwoth.GE provides capital, infrastructure and expertise to the global economy. GE has spent billions of dollars in financing businesses and improving their products and procedures. GE builds appliances, lightings and power systems.

GE provides many advanced energy solutions and is responsible for delivering a quarter of the world's electricity. They also provide innovative solutions to energy like windmills, solar and natural gas projects.GE also builds jet engines, locomotives that reduce emission and provide air and railway traffic management systems. Recently GE has also taken initiatives to help improve the healthcare system through the application of advanced and improved technological innovations.

According to GE's annual report 2011 GE is operational in more than 150 countries with a diverse consumer base situated across the whole world. GE's total number of employees worldwide is 301,000 as of Dec 2011. The company has many operational plants and offices in North America, Europe, South America Africa, Northern Asia, South East Asia, Australia, New Zealand and the Middle East.

Financial highlights

In 2011 GE earned a total of $147 billion as revenues which has actually decreased from 2010 when the revenue was $150 billion 22% increase in Operating EPS, industrial and equipment orders surmounted a total amount of $200 billion. $85 billion of cash at the end of the year. 70% increase in dividend, international growth raised by 18% and $18 billion worth of Exports conducted. 6% spent on improving research and development (Annual Report, 2011).

Discussion

Mission Statement

GE does not have a mission statement according to it's' website each year in their annual report they articulate their business objectives this year according to the annual report 2011:

GE works because it is mission based " Culture is the foundation of any enterprise we inspire our people to improve everyday by being mission driven, We have relentless drive to invent things that matter, innovation that builds power, move and cure the world. We make things very few people can make but everybody needs. This our pride for the employees and customers”

GE's most valuable ...