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Competencies and Capabilities of General Electric (GE) - Case Study Example

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The paper “Competencies and Capabilities of General Electric (GE)” seeks to evaluate an American manufacturing company incorporated in New York. Generally, the company offers technology infrastructure, energy, electric motors, consumer electronics, etc to the customers…
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Competencies and Capabilities of General Electric (GE)
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Download file to see previous pages GE retained the less profitable businesses to maintain the diversified portfolio. This step gave competitive advantages to the business for its diversified portfolio. His concept of acquisition in the business worked for the growth of the business and the company became one of the world’s leading financial services company (Thompson and Martin, 2010). Jack Welch proposed an annual budget which was revised whenever the situation of competition altered. He also implemented boundaryless organization for transfer of best learning and practices within an organization and through this procedure the company enjoyed a competitive advantage in the market. Jack Welch also used the share of knowledge and internal learning concepts for creating a competitive work environment. The initiative of digitization discovered a widespread opportunity for this company in the market. By using this process, customer services and internal knowledge management were improved (Saxena and Bharadwaj, 2009). Again boundaryless organization broke all the hierarchical system within the organization and continued the free flow of learning and sharing knowledge procedure. Staffs of the organization overcame all the constraints and became more competitive to provide their best performance. He also pushed the employees for more adoption, excellence, and speed which helped GE to gain valuable core competencies. The company was offering quality products and services to its customers and for this reason, customers did not find any reason to move from these products. As a result, the company achieved a high level of competitive advantages. Jack Welch took the initiative to coordinate all the available resources of an organization to enhance its capabilities and for this reason, he especially focused on the human resources of the company by improving reward system (Wetherly and Otter, 2014). ...Download file to see next pagesRead More
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