General Electric

General electric is a World digital industrial corporation founded in 1892 with its headquarters at Boston, Massachusetts. This Company operates various activities ranging from: Renewable energy, Aviation, Global research, Transportation, Software development and Medical services. Currently, General Electric is categorized among the greatest Companies in United States based on revenue generated. The power department offers its energy production services and gadgets to government, Companies and other customers from various locations around the globe. This corporation has maintained a long term competitive advantage as a result of integrating various organizational strategies and practices leading to its success Daniel and Grace (2013). These success ways and practices include;

Reputable and strong brand

The brand for General Electric focuses heavily on expressing a digital Company that concentrates highly on transforming the industry by uniting people and machines to data. Adopting a strong brand ensures that various fields such as airplanes function properly, cities run softly and hospitals have improved health care facilities. This brand has been applied successfully to differentiate and implement various basic competitive strategies through development and research activities. The Companies’ brand is assembled in an engaging, optimistic, courageous and purposeful way for customers to obtain maximum benefit out of it (Duke, 2016). The efforts to build a strong brand recognition is among the extensive growth strategies employed by this Company to ensure that it remain on top of other countries in United States and the world.

Efficient research and powerful development schedule

This practice forms one among the greatest competitive advantages enabling General Electric to survive within its market environment. This practice is significant as it facilitates the Company to develop and invent products based on consumer demand. An example of this is establishment of technologically advanced healthcare equipments for organizations and professionals through application of Companies’ development and research processes. The Company has also constructed a systematic approach towards solving different challenges and problems within the industry. This practice has highly contributed towards technological advancement, success and growth of General Electric Incorporation (Duke, 2016).

Offering assorted services and product collection

General Electric Company comprises of several industries that offer different products and services to the market. This practice is ideal as it reduces vulnerability of decline in specific industry and spreads risks between unrelated business operations. It applies effective marketing campaigns such as “progress for people” to promote its products across the globe with a single message of unifying all nations. Products and services diversification is as a key marketing principle and an indication for strengthening ability of the Company to grow successfully and institute more industries.

Creative and Innovative

General electric Company uses inventory and creativity techniques in all of its eleven major subdivisions. For instance, Aviation department designs military and commercial aircrafts among other aircraft systems through use of its technological concepts. General Electric has creatively decided to offer after sales services to increase awareness and boost reputation of its products. The healthcare section also provides patient monitoring systems, drug discovery and performance improvement systems. The professionals working within this department provide repair facilities in case customer equipment manufactured by this Company breaks down (Simeon, 2017). Operating cellular technologies and biopharmaceutical industry ensures that the Company delivers high quality services and products and as a result upholding the image of life science section within healthcare segment. General Electric also operates in transportation segment whereby it supplies drilling industries, railroad, stationary power and mining. The capital section provides financial services and products other business dealing with their products around the world. Through these operations, it can be deduced that through the invention of healthcare, transportation and capital section among others has contribute heavily towards growth and success of General Electric Company (Morgan, 2015).

General Electric Company is good model for other Companies to follow

Other Companies should consider spreading risks by investing in different types of products. This Company has remained a strong exemplary for many years as a consequence of mastering the most significant variables for industry success. This business can be termed as a good model for others because it specialized mainly on centric transformation of its products over the last four years. Following the emergence of General Electric as the global largest digital industrial business, other Companies are therefore obliged to go behind strategies and practices of General Electric and realize their success and growth.

The reason why General Electric stays young is through operating in a way that remains appropriate to the digital generation. The Company practiced various digital advancements in medical information systems, lighting technology and smart home solutions among others. Maintaining this continuous advancement in facilities has played a critical role in assisting General Company stay young despite operating for many years.

General Electric Company engages in a successful business model featured by predominantly by core competencies and culture (Morgan, 2015). The Company ignores the normal set of management skills and focuses highly on picking effective practices that are critical to its immediate future. The management practices adopted are flexible enough to facilitate changes as need arises. These practices are typically implemented perfectly to ensure that the Company obtains maximum benefit out of them. On the other hand, culture is key activity that leads to Company success, the General Electric culture is completely adopted from American. It is centered on Companies’ achievement and building of a strong brand to draw more customers. The culture also supports that all workers and leaders for all industries must work as individuals rather than focusing more on team work or groups. General Electric culture encourages business competitiveness both externally and within the Company.

Six Sigma

General Electric Corporation implemented Six Sigma in the year 1995 during the reign of then Chief Executive Officer Jack Welch. The Six Sigma was initiated in this case to increase excellent quality of products and services produced by the Company. Implementation of the Six Sigma played a significant role in streamlining the business, eradicating wastage and improving production efficiency. The execution of this strategy took approximately five year after which the Company saved more than twelve billion dollars. Following successful application of this method by General electric, many Companies such as Amazon and Samsung started using it.

To effectively integrate Six Sigma to its operation, General Electric trained its employees to get information on statistic based problems (Morgan, 2015). The Company instituted legislations whereby the employees were required to take education on application of Six Sigma methodologies in their place of work. They were trained on various input control processes and identify and classify them appropriately. The Company hired special individuals know as Master Black Belts responsible for training staffs and implementing the Six Sigma. To ensure success and long term efficiency of this strategy, General Electric adopted a reputable leadership, guidance and advising concerning use of the Six Sigma.

The current expansion and success of General Electric Corporation has been fueled by these strategies and practices. The Company has been internationally recognized for its technology and energy investment structure and as a result, it has been given several awards including Top renewable deal award. Practices such building strong brand, conducting product research, offering diversified products and inventing more customer services has enabled General Electric to rank among the most successful and top Companies globally based on revenue generated.

References

Daniel, L. E., & Grace, F. J. (2013). Strategies General Electric. New York: J. Wiley & Sons.
Duke, R. S. (2016). Forbes 500. Chicago: Raintree.
Simeon, R. A. (2017). The Most Successful Companies Globally, Selangor: UiTM Press.
Morgan, J. F. (2015). General Electric Corporation. Redding, CA: BVT Publishing.

How GE Stays Young
Brad Power
MAY 13, 2014
https://hbr.org/2014/05/how-ge-stays-young

General Electric Business Model
December 29, 2014 by Martin
https://www.cleverism.com/general-electric-business-model/

The Roadmap to Customer Impact
https://www.ge.com/sixsigma/SixSigma.pdf

Amazon.com

Amazon is a logistics, e-commerce and data Storage Company headquartered at Seattle, Washington. This Company is recognized as the largest online retailer globally based on market capitalization and revenue. It sells various consumer products such as Fire tablets, food, jewelry, toys and kindle e-reader among other products sold through Amazon.com. It operates various websites in different countries such as United Kingdom, Spain, United States and Germany Rossman and Jones (2016). Emerging as world largest and successful Company has been facilitated by various operating methods and practices that include;

Product Diversification

The company offers entirely all consumer goods ranging from housing to business related products. For instance, searching a particular male jacket could bring more than 2000 results hence allowing customers to explore different products. The Company currently sells various products such as automotive, electronics, clothing and furniture assembly products. Selling a variety of products has assisted the Amazon not only to emerge as the most preferred place for most consumers but also to appear among the largest Companies based on market capitalization worldwide. Product assortment is an ideal way leading to success and vast growth of Amazon Incorporation (Simeon, 2017).

Effective Management

The current achievement of Amazon Inc. can be attributed from administration of its Chief Executive Officer Jeff Bezos. The CEO has efficiently mobilized his management team by issuing significant directives in a productive way on regular basis. An example of effective management is when the Company adopts its decisions from “Flywheel” philosophy obtained by Bezos from Companies’ consultants to help during major decision making. This has promoted successful leadership efforts offered by the top management therefore showing the entire organization the right path towards emerging as the top Company in the world based on revenue made (Simeon, 2017). Efficient management also attracts more customers leading to increased sales and as a consequence assisting the Company to enjoy the benefits of economies of scale.

Operating Inventively

Amazon Company started by specializing only in books and later invented the idea of selling all other products. It introduced e-kindles and became the most popular Company in the market. It launched several innovative services and products such as Amazon locker. This is a unique and secure service for Seattleites, New Yorkers and Londoners. This service was targeted for individuals who never wanted their parcels shipped or visiting post offices. The service increased consumer satisfaction by surpassing other similar purpose services. The Company also invented a cool app known as Amazon flow that lets its users to take pictures of different products and have them added to Amazon automatically. Performing innovatively is important since it differentiates Amazon from its competitors and other online stores hence making more successful.

Offering great Customer Services

Amazon Incorporation is positioned among the top Companies renown to give best customer satisfaction under the management of its current CEO Bezos. The Company adopts the custom of treating customers as special and focusing less on competitors. Amazon specializes in offering better communication service to its customers rather than giving other physical services (Lipman, 2018).

Better customer service is the greatest strategy behind the success of Amazon Incorporation. The Company has its products in different websites such as clothing stores, online bookstores and music stores. Ranking above other online retailers in customer services and satisfaction makes it more special than other online stores thus making it become more successful.

Execution of Customer Orders

The Company offers mainly products and services that are on demand and also adding after sales services such as distribution. This is facilitated by the fact that, the Company has distribution centers across different parts of globe with good vendor relationship that permits them to sell products at a discounted price. Amazon has a strategic plan of diversifying its operations in different parts of globe such as Europe and as a result employing more workers. The Company is planning to initiate brick and mortar stores that will ensure that customer purchases are delivered instantly Gershgorn and Kessler (2018). Giving customers such preferences and service priority has greatly supported growth and success of Amazon Incorporation.

Amazon Incorporation has maintained a steady growth marking its enormous success in online retailing. The Company has implemented the above strategies effectively hence ensuring that it emerges among the top Companies globally. Amazon Inc. is focusing on including more innovating services, products and practices that will play a vital role in making it become more successful in future.

References

Rossman, J., & Jones, T. (2016). The Amazon way: 14 leadership principles behind the worlds most
disruptive company. Clyde Hill, WA: Clyde Hill Publishing.

Simeon, R. A. (2017). International Management. Shah Alam, Selangor: UiTM Press.

Lipman, V. (2018, January 02). 7 Management Practices That Can Improve Employee Productivity.
Retrieved January 16, 2018, from https://www.forbes.com/sites/victorlipman/2013/06/17/7-

management-practices-that-can-improve-employee-productivity/#1d487440484c

Gershgorn,., & Kessler, S. (2017, August 20). What is Amazon, really? Retrieved January 16, 2018, from
https://qz.com/1051814/what-is-amazon-really/

new leader

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).

post quote

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

lorem title

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.