Effective Strategies Paper
Effective Strategies Paper
General Electric company was founded in 1892 by the merger of Edison General Electric Company, Schenectady and Thompson-Houston Electric company of Lynn, Massachusetts. It presently has its U.S. headquaters in Fairfield CT. Today G.E. employs over 3 million employees wordwide and as of 2013 its revenue generation is $146.045 billion. During their early stages G.E. aquired numerous companies but was mainly focused on the computer manufacturing industry, but due sold it to Honeywell in 1970. In the 1990’s G.E. aquired some big companies. Among those were NBC Television network and Kidder, Peapody & Company a security firm. At the beginning of the 21st century G.E. acquired the manufacturing unit of Enron Wind (Jones, 2013).. This acquisition gave to the birth of GE wind Energy. A few short years after that G.E. bought 80% of Universal Pictures from Vivendi. G.E. continued to venture into new areas, designing and producing the Mars Observer and launching the first website for a fortune 500 company. They also reached deeper into home products and video, launching news channels like CNBC and MCNBC to provide real-time business reporting. In the seventies, before G.E. became one of the leaders in its industry , it was a 26 billion dollar company with over 400.000 employees. In 2000, the year before John F. Welch left , GE recorded revenues of over 130 billion with just over 300,000 employees. The company went from a market value of 14 billion to one of more than 410 billion by the time of his retirement, making it the wealthiest and largest company in the world ("John F. Welch Jr", ).
("John F. Welch Jr", ).
References
Jones, S. (2013, January 1). General Electric. Success Story . Retrieved from http://Jones, S. (Year, Month Day). General Electric Success Story. Success Story . Retrieved from http://successstory.com/companies/general-elect
John F. Welch jr. (). Retrieved from
General Electric company was founded in 1892 by the merger of Edison General Electric Company, Schenectady and Thompson-Houston Electric company of Lynn, Massachusetts. It presently has its U.S. headquaters in Fairfield CT. Today G.E. employs over 3 million employees wordwide and as of 2013 its revenue generation is $146.045 billion. During their early stages G.E. aquired numerous companies but was mainly focused on the computer manufacturing industry, but due sold it to Honeywell in 1970. In the 1990’s G.E. aquired some big companies. Among those were NBC Television network and Kidder, Peapody & Company a security firm. At the beginning of the 21st century G.E. acquired the manufacturing unit of Enron Wind (Jones, 2013).. This acquisition gave to the birth of GE wind Energy. A few short years after that G.E. bought 80% of Universal Pictures from Vivendi. G.E. continued to venture into new areas, designing and producing the Mars Observer and launching the first website for a fortune 500 company. They also reached deeper into home products and video, launching news channels like CNBC and MCNBC to provide real-time business reporting. In the seventies, before G.E. became one of the leaders in its industry , it was a 26 billion dollar company with over 400.000 employees. In 2000, the year before John F. Welch left , GE recorded revenues of over 130 billion with just over 300,000 employees. The company went from a market value of 14 billion to one of more than 410 billion by the time of his retirement, making it the wealthiest and largest company in the world ("John F. Welch Jr", ).
("John F. Welch Jr", ).
References
Jones, S. (2013, January 1). General Electric. Success Story . Retrieved from http://Jones, S. (Year, Month Day). General Electric Success Story. Success Story . Retrieved from http://successstory.com/companies/general-elect
John F. Welch jr. (). Retrieved from
References: Jones, S. (2013, January 1). General Electric. Success Story . Retrieved from http://Jones, S. (Year, Month Day). General Electric Success Story. Success Story . Retrieved from http://successstory.com/companies/general-elect John F. Welch jr. (). Retrieved from https://www.ge.com/create_pdf_node?node=893