Summary to essay on topic "General Electric Essay"
Even though General Electric does not seem to have a mission statement, its operating viewpoint and business aims are evidently expressed each year in the Letter to Stakeholders in the General Electric Annual Report.
General Electric is a diversified technology, manufacturing and service company with a dedication to achieving global leadership in each of its thirteen main businesses…
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A vision has always been with an organization or an individual. But, for the past several years, there has been growing interest in the concept of organizational vision. Business leaders used organization's vision as an element to motivation their employees. A vision must be achievable, clear, motivating, Let us write or edit the essay on your topic "General Electric Essay" with a personal 20% discount.. Try it now exciting and inspirational which could enable a team to focus on the future. By stating a vision, organizations create their future. A shared vision is a compelling portrait of a promised land that inspires enthusiasm and excitement in people when they come to work. That is what distinguishes shared vision from mission, strategy, and values. The organizations mission determines what people do when they arrive at their workplace. It answers the question "why do we exist" The organization's strategy responds to how they will do it. Finally, values provide a critical guide for interactions and relationships with staff, peers, customers, vendors and all other stakeholders. (Lewis 1997, pg 9)
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The aim of Six Sigma is to control all processes at the outset well before they get to the customer (Murdoch, 1998). This is done in a variety of ways by different firms. The following approaches represent some of the philosophical underpinnings:At GE the process measures how products are made and how customers are serviced.
The challenge in engineering this project provided insight to Wiener and his colleagues to create this new branch of science called cybernetics. Cybernetics has been defined as the science of information involving in feedback systems. The concepts of cybernetics, when combined with the digital computers being created at that time, led Wiener to draw some insightful ethical conclusions.
The company is helping its 300,000 employees around the world advance their health by launching a distinctive; certification program intended to recognize plus reward of excellence in worksite health. This program evaluates 500 GE campuses worldwide on eight critical elements: Education & Prevention, Nutrition, Site Leadership & Wellness Teams, Physical Activity, Health- Related Absence, Tobacco, Stress Management, and Health Risk Questionnaires (Mark, 2008).
(Harris, A. & Catts, T. 2011) All these bond offerings are spread to different maturities with different coupon rates attached to it. The company has offered $1.75 billion at 2.1 percent with 3-year notes yielding 1.1 percent more than comparable treasuries and $2 billion is offered at 4.625 percent with 10-year notes.
The company is considered among the best companies in the world due to products and as well as the profits margins over the recent financial periods. To be specific in this particular case and considering the 2011 rankings, the company attained the sixth position of the best companies in the United States.
The author states that the UK offers stable political conditions and a favorable business environment. The laws, rules, and regulations are also favorable for any company to establish its business operations in the region. It is said to provide a very politically friendly environment for conducting businesses.
General Electric has a solid mission with excellent career training and career development for employees. These concepts have allowed General Electric to become one of the largest global success stories in the world. Thus, as a result of General Electric's success, I would continue to focus on the global aspects that have already allowed the company to achieve so much; the focus on integrity and diversity, which allows General Electric to reach customers throughout the globe.