Academic Paper from the year 2020 in the subject Business economics - Operations Research, grade: 97, , course: MAN 4504, language: English, abstract: This paper deals wirh General Electrics' operation strategy, production and operating procedures, technology and automation, and CQM.
General Electric has been a household name since 1892 when they bought Thompson Electric, Houston Electric, and Edison General Electric Company. Thomas Edison founded his company in 1878 to sell his incandescent light bulb. When GE acquired all the assets from Edison General Electric Company they also enlisted its founder who contributed to GE by allowing them to use his patents and he remained a consultant to the company for many years. (The Editors of Encyclopedia Britannica, 2020)
GE makes a very wide range of products and services. Their consumer products are where a wide range of their products and services occur; however, GE makes most of its sales to the U.S. Department of Defense.
GE has a remarkably diverse product line the market segments they work in are Power, Aviation, Capital, Healthcare, and Renewable Energy. Some of those product categories they make products or services for are: sensor-based measurement and asset condition monitoring, power generation products, renewable energy, and energy services, water & process technologies (Equipment, Chemicals and Services), healthcare technologies and services, mining solutions and services, life science research, pharma manufacturing, and diagnostic imaging, Transportation technology, supplies, and services, lighting solutions and services, aviation engines, components, systems, and services, electricity transmission, distribution, conversion, and consulting, software connected machines and devices, life science research, home appliances, pharma manufacturing, and diagnostic imaging, and transportation technology, supplies, and services.
