master outline 4 13 2010

master outline 4 13 2010 - OMIS 505-Group Project GE I....

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OMIS 505-Group Project GE I. Introduction A. Objectives i. Provide history of GE and what GE is today ii. Jack Welch in relation to GE iii. Overview of Six Sigma iv. The Implementation of Six Sigma at GE v. Examples and details of how Six Sigma is used in a business unit at GE vi. Effects and results of implementing Six Sigma and what the state of GE is today vii. Conclusion B. History behind GE - Started by brightest minds i. Thomas Edison started Edison General Electric Company in 1876 1. Edison’s most transformation invention was the incandescent electric lamp 2. Competitor The Thomas – House Company sprang up being the leader in electrical innovations 3. Eventually, it was easier for the two companies to join instead of competing against each other 4. Led to the merger of the two companies, becoming General Electric in 1892 ii. Offerings of company 1. Original business units of Thomas Edison still used including lighting, transportation, industrial products, power transmission, and medical equipment
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2. Other business units such as cooking, heating, and aviation started in the early 1900s ( http://www.ge.com/company/history/edison.html ) 3. Newest innovations include the Evolution Hybrid Locomotive (2007), Advancements in Ultrasound Technology (2009), $1,000 Genome Project for sequencing DNA ( http://www.ge.com/innovation/timeline.index.html ) C. GE today i. Conglomerate Industry 1. Multiple business sectors working together as a corporation 2. Parent company and subsidiaries ii. Wide array of products – Insert Good-Service Continuum diagram to demonstrate GE’s position 1. Aviation 2. Jet engines 3. Electricity 4. Finance 5. Gas turbines 6. Industrial Automation 7. Lighting 8. Medical imaging 9. Military technology 10. Health Informatics 11. Electrical motors 12. Locomotives 13. Wind turbines 14. Appliances
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Revenue equals 157 billion – Fiscal Year 2009 D. Jack Welch i. Started with GE in 1960 as a junior engineer in Pittsfield, MA with a salary of $10,500 ii. Became Vice President in 1972 iii. Senior Vice President in 1977 iv. Vice Chairman in 1979 v. Chairman and CEO tenure from 1981 – 2001 1. Known as the Jack Welch Era a. 1981 marked big change for GE after experiencing economic problems b. Jack concentrated on factory automation in the early 1980s through acquiring Calma and Intersil among many other companies c. Worked with Japan’s Hitachi, Ltd. to market and manufacture industrial robots in the U.S. d. 1986 – GE purchased Radio Corporation of America, which brought them into the broadcasting business e. The company went from highly manufacturing to then offering services and IT f. 1992 – purchased 50% of European appliances business of Britain’s General Electrical Company g. Both companies made agreements to become the strongest force in medical, power systems, and electrical distribution businesses h. Welch was closer to contributing to his goal of making GE the largest company in the U.S. i.
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master outline 4 13 2010 - OMIS 505-Group Project GE I....

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