Global Communications Benchmarking

Part 1 General electricalThe history of General Electric community (GE) is a significant part of the history of engine room in the fall in States. General Electric, which ranked fifth in the tidy sum 500 in 2003, executes even more evident finished the revelation that each of the alliance?s 11 operate units, if listed separately, would qualify as a mass 500 company. GE operates in more than 100 countries and generates some 45% of the company?s revenue outside the United States (General Electric, 2008). In 1992, broody of restructuring efforts in other GE divisions, the company accomplished advantage growth by slashing its engineering workforce from 10,000 to 4,000. This fulfil reduced the Aircraft Engine Group payroll department by to the highest degree 50%, among other cost-cutting moves. Despite a global economic downturn in the early 1990s, GE managed to keep amount sales from the technology, service, and manufacturing operations stable at $60 gazillion annua lly (Warner, 2002). Global Communications is attempting to cut cost and improver profits, which will allow the company to expand the company. In 1996, the GE appliance division acquired a 73% matter to in Dako, the leading manufacturer of gas ranges in Brazil. GE peachy Services expanded in Japan finished the 1996 study of an 80% stake in Marubeni Car dust Co., an auto-leasing firm.

The 1998 attainment of Koei Credit, the consumer finance business of Lake Corporation, and the 1998 formation of GE Edison, avocation the get of the sales operation of Toho Mutual Life Insurance, do GE Capital the first foreign company bear on in the Japanese life-insur! ance market (General Electric, 2008). General Electric has been a multi-business company for over 125 years, which allowed the company to capture bran-new opportunities created by ever-changing technology. In 2005, GE launched ?Ecomagination,? an initiative to become a green company (Answers, 2008). Global Communications has to cut... If you essential to get a full essay, order it on our website: OrderCustomPaper.com

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