Assignment 1: Discussionâ€”General Electric
Sustained profits come from building a competitive advantage. This advantage can be accomplished not only through good financial return on a specific process but also through the correct capacity decisions that must be integrated into the organizationâ€™s mission and strategy.
Jack Welch, former CEO of General Electric (GE), understood this better than anyone else. Although GE was a profitable and respected company when Welch took over, its financial results during the1970s were troubling to both its investors and senior management. Welch immediately made changes to the companyâ€™s structure and management practices. From the beginning, he stressed the importance of being one of the top players in the industry. He told his colleagues that GE should always be number one or number two in all its businesses; if it was not, then their only options would be to fix, sell, or shut down.
Because of this strategic direction, GE today usually dominates the markets in which it participates; and if it does not, then it divests. A major part of GEâ€™s strategy is to be the first or second in every market. As you review the module readings for this week, consider the complexity of GEâ€™s products and its emphasis on vertical integration and capacity planning.
The General Electric Company, or GE, is a diversified company that offers
The General Electric Company is organized into 5 divisions including
Chemicals, Petrochemicals, and Fertilizers
GE. (2013). The History of General Electric. Retrieved from http://www.ge.com/about-us/history/1878-1904.
GE. (2013). GE fact sheet. Retrieved from http://www.ge.com/pdf/news/GE-Fact-Sheet.pdf
Using the information above, the module readings, Argosy University online library resources, and the Internet, respond to the following:
By Week 3, Day 3, post your response to the appropriate Discussion Area. Through Week 3, Day 7, review and comment on at least two peersâ€™ responses related to their firm of choice.
Write your initial response in 300â€“500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation
Do the following when responding to your peers:
https://collegepaperslab.com/wp-content/uploads/2020/11/logo-COllege-22-300x55.png 0 0 admin https://collegepaperslab.com/wp-content/uploads/2020/11/logo-COllege-22-300x55.png admin2020-09-30 08:42:512020-09-30 08:42:51B6029.31