Global Communications Benchmarking

Part 1 General electric automobileThe history of General Electric community (GE) is a significant part of the history of engineer in the joined States. General Electric, which ranked fifth in the tidy sum 500 in 2003, run lows even more than evident finished the revelation that each of the alliance?s 11 operate units, if listed separately, would qualify as a draw 500 gild. GE operates in more than 100 countries and generates round 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 paysheet 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 annually (Warner, 2002). Global Communications is attempting to cut be and improver profits, which will allow the company to expand the company. In 1996, the GE appliance division acquired a 73% quest 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 body 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, side by side(p) the get of the sales operation of Toho Mutual Life Insurance, do GE Capital the first foreign co mpany compound in the Japanese life-insuran! ce market (General Electric, 2008). General Electric has been a multi-business company for over 125 years, which allowed the company to capture saucily 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 need to get a full essay, order it on our website: OrderCustomPaper.com

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