Thursday, August 22, 2019
Ge Imagination Breakthrough Essay Example for Free
Ge Imagination Breakthrough Essay Can he hope to change a company whose growth was driven by acquisitions and productivity improvement into an organic growth company dependent on innovation, entrepreneurship and risk taking particularly in such a large complex performance driven corporation? Answer: 2a: Yes, Immelt is relying on Ã¢â¬Ëtechnological leadership, commercial excellence and global expansionÃ¢â¬â¢ to provide Ã¢â¬Å"unstoppableÃ¢â¬ opportunities and expand GEÃ¢â¬â¢s business base. He wanted to use GEÃ¢â¬â¢s size and diversity as sources of strength and to drive growth by investing in places and in ways that others could not easily follow. As a counter effect of 1st Jan 2005 deadline for emission regulations it was predicted that there would be a spike in demand for old products, leaving little market for EVO in 2005. These old models were in ready inventory and with much better discounts. 3c: Continual redefinition of the global EVO product and the failure to make hybrid commercially viable * Initially GE decided to develop EVO country specific during IB meeting but it was not viable because of low requirements. * Recognizing the international constraints the EVO was also developed as a product concept Ã¢â¬ËGlobal Modular LocomotiveÃ¢â¬â¢. Design developed around set of standard components that could be building to different requirements. * GML also helped GE in reducing the response time in international tender processing, reducing the amount spent in non recurring engineering, and reducing the time between order amp; the sale. * GE was also adaptable to specific international requirements such as KazakhstanÃ¢â¬â¢s condition to transfer the assembly operations to their country. This was a part of GEÃ¢â¬â¢s international strategy Ã¢â¬Å"In country, for countryÃ¢â¬ .