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General Electric

An American multinational conglomerate incorporated in New York City

Summary

As of 2018, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing and venture capital and finance.

History

General Electric Company was founded in 1892 and is headquartered in Fairfield, Connecticut. Its power and water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment. Its oil and gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment. The company’s energy management segments offers plant automation hardware, software, and embedded computing systems. Its aviation segment offers jet engines; aerospace systems and equipment; and replacement parts and repair and maintenance services. The healthcare segment provides medical imaging, software and information technology (IT), patient monitoring and diagnostics, drug discovery, biopharmaceutical manufacturing technologies, and performance improvement solutions. Its transportation segment offers freight and passenger locomotives, and diesel engines for rail, marine, and stationary power applications; railway signaling and communications systems; underground mining equipment; motorized drive systems; IT solutions; and replacement parts and value added services. The appliances and lighting segment manufactures home appliances; and lighting products for commercial and industrial applications. Its capital segment offers commercial loans and leases, fleet management, financial programs, credit cards, personal loans, and other financial services.

 

Mission

Mission Statement:
General Electric Company’s (GE) mission is to usher in the next industrial era and to build, move, power, and cure the world.

Values:
Passion for Our Customers
Meritocracy
Growth Driven, Globally Oriented
Every Person, Every Idea Counts
Playing Offense
Embracing Speed and Excellence
Living the Hallmarks of GE Leadership

Team

CEO – Henry Lawrence Culp: Henry Lawrence “Larry” Culp, Jr. is an American business executive. He has been chairman and CEO of General Electric since October 2018. He is the first outsider to run GE in the company’s 126-year history.

References

https://www.comparably.com/companies/general-electric/mission

https://en.wikipedia.org/wiki/General_Electric

https://www.crunchbase.com/organization/general-electric

https://marketrealist.com/2016/02/general-electrics-mission-vision-strategy/#:~:text=General%20Electric%20Company’s%20(GE)%20mission,is%20a%20market%20leader%20in.