General ElectricGeneral Electric1 1“ “I never perfected an invention that I did not think about in terms of service it I never perfected an invention that I did not think about in terms of service it might give others“might give others“ - Thomas Alva Edison, GE Founder- Thomas Alva Edison, GE Founder It all started with the flicker of a It all started with the flicker of a light bulblight bulb and soon enough GE was off and soon enough GE was off and running and running In 1890, Thomas Alva Edison established the Edison General Electric In 1890, Thomas Alva Edison established the Edison General Electric Company in Menlo Park, New JerseyCompany in Menlo Park, New Jersey At the same time Charles A. Coffin was growing his business, The At the same time Charles A. Coffin was growing his business, The Thompson CompanyThompson Company It was increasingly difficult for Edison and Coffin to remain competitive It was increasingly difficult for Edison and Coffin to remain competitive based their own technologiesbased their own technologies The two companies united in 1892 The two companies united in 1892 and formed The General Electric Companyand formed The General Electric Company2 2Key Facts About GEKey Facts About GE HeadquartersHeadquarters Fairfield, ConnecticutFairfield, Connecticut Number of EmployeesNumber of Employees Over 315,000Over 315,000 LocationsLocations Over 160 CountriesOver 160 Countries Symbol on Stock ExchangeSymbol on Stock Exchange GEGE Number of ShareholdersNumber of Shareholders 4 Million4 Million Number of Shares Number of Shares OutstandingOutstanding 10 Million10 Million Historical Number of Share Historical Number of Share SplitsSplits 9 93 3Annual Revenue From 1994- 2010Annual Revenue From 1994- 20104 4GE Stock Price Relative From 1999-2010GE Stock Price Relative From 1999-20105 5Reginald H. JonesReginald H. Jones Chairman GE strives specifications; GE strives to be flawless in to be flawless in executing their key executing their key processes.processes.6 Key Areas 6 Key Areas 1.1.Critical to Quality Critical to Quality 2.2.DefectDefect 3.3.Process CapabilityProcess Capability 4.4.VariationVariation 5.5.Stable OperationsStable Operations 6.6.Design for Six SigmaDesign for Six Sigma1313Four Objectives of Work Out Four Objectives of Work Out MeetingsMeetings Create a New Create a New Paradigm for GEParadigm for GE Empower Empower EmployeesEmployees Eliminate Eliminate Unnecessary WorkUnnecessary Work Build TrustBuild Trust1414Action Fosters Business-Wide and Action Fosters Business-Wide and Personal GrowthPersonal Growth Toastmasters is an Toastmasters is an international organization international organization dedicated to improve/ dedicated to improve/ facilitate communication facilitate communication within an organizationwithin an organization 4 Goals of Sessions4 Goals of Sessions Deliver great presentations Deliver great presentations Easily lead teams and Easily lead teams and conduct meetings conduct meetings Give and receive Give and receive constructive evaluations constructive evaluations Be a better listenerBe a better listener1515TheThe $1Billion$1Billion GE Talent FactoryGE Talent Factory Program began in 1919Program began in 1919 oldest training program of oldest training program of its kindits kind EngineeringEngineering FinanceFinance Info ManagementInfo Management OperationsOperations Sales and MarketingSales and Marketing Several assignments within Several assignments within disciplinediscipline Acquire broad overview of Acquire broad overview of GEGE Develop leadership/ Develop leadership/ professional skillsprofessional skills1616The Ultimate Driving Machine The Ultimate Driving Machine Just Got BetterJust Got BetterGEs Advanced Materials has teamed up with GEs Advanced Materials has teamed up with BMW to design and produce lightweight, BMW to design and produce lightweight, durable, chip resistant fenders for their high durable, chip resistant fenders for their high performance 6 Seriesperformance 6 Series1717GEs Financial StatementsGEs Financial Statements1818Revenue By Operating SegmentRevenue By Operating Segment% of 2009 Total % of 2009 Total RevenueRevenue% of 2007 Total % of 2007 Total RevenueRevenue% of 2005 Total % of 2005 Total RevenueRevenue% of 2003 Total % of 2003 Total RevenueRevenueAdvanced MaterialsAdvanced Materials5.27%5.27%5.27%5.27%5.59%5.59%6.15%6.15%Commercial FinanceCommercial Finance15.51%15.51%14.82%14.82%14.02%14.02%13.46%13.46%Consumer FinanceConsumer Finance9.57%9.57%7.76%7.76%7.52%7.52%7.15%7.15%Consumer would be GEs A force to be reckon with; would be GEs ultimate competitor ultimate competitor 2727Main CompetitorsMain Competitors SiemensSiemens electronics and electrical engineering companyelectronics and electrical engineering company 6 groups:- Automation