general electric company 2
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General Electric Company
Today’s Challenge, Tomorrow’s Markets
DiscussionsHISTORYLEADERSHIPSINNOVATIONSPRODUCTS AND SERVICESSTRATEGIESECOIMAGINATION
1876: Creation of the first industrial research laboratory in Menlo Park, New Jersey
1878: Foundation of the Edison Electric Light Company
1879: Invention of the first electric light bulb
Founder of General Electric:
Thomas Alva Edison
•CEO: Jeffrey R. Immelt•EXECUTIVE LEADERS :
Ferdinand Bacilli, Charlene Begley, Kathryn Cassidy, Beth Comstock,
Pamela Daley
•BOARD OF DIRECTORS : James Mulvane, Claudio Gonzalez, Robert Jane,
Andrea Jung, Susanne Hockfeild, Sam Nunn, Alan Lafley, Ann Fudge, Ralph
Larsen, William Castell, Roger Panske.
Revenues ($B)
Innovative technologies…now
'05 '06 '07 '08
1012
1417
…
’10goal
25
80 certified products company-wide
solutions
20% CAGR
Carbon
Water
Energy Efficiency
Innovative technologies…tomorrow$1.5B by 2010
doubling our 2005 investment
Wind
Solar
Carbon Capture
Energy Storage
Hybrid evo
OLEDs
GEnx
Advanced Desalination
Turbine EfficiencyZero Liquid Discharge
Products and services Appliances Consumer products Aviation Electrical distribution Energy Oil and gas Rail Water Software and services
Continue global dominance
Leverage knowledge and Marketing capabilities
Growing needs = high returns
Capitalize on easy PR exposure
Development of high quality, demanded goods
Expert diversification leader $
Strategic intentStrategic intentBusiness UnitBusiness Unit
Infrastructure
GE Money
Health Care
NBC
Industrial
Financial
“Core Competency Maximization
= Sustained Competitive Advantage““Core Competency Maximization
= Sustained Competitive Advantage“
•Capitalize on opportunities
•Career leadership
•Maximize productivity
•R & D
•Technology
•Capitalize on opportunities
•Career leadership
•Maximize productivity
•R & D
•Technology
• Monitor environment
• Quality programs
• Financial expertise
• Focus on future
• Communications
• Monitor environment
• Quality programs
• Financial expertise
• Focus on future
• Communications
A sustainable business strategyINVEST
$1.5B in R&DGROW
Revenue to $25B
REDUCEGHG/H2O Impact
TechnologyProfit
Save
UseGEnx jet engine
PV solar panels
20% more fuel efficient
Iberinco – 10MW carbon-free electricity
Caceres, Spain
lower emissions from jet test rig
solar at GE HQ
Steve FludderFebruary 27, 2009
Global Roundtable On Climate Change
1. Grow revenues to $25B
2. Double R&D to $1.5B
3. Reduce GHG 1% absolute
4. Reduce water 20% absolute
5. Inform & Engage public… Transparency
by 2010
by 2012
ongoing
Imagine healthcare as a ‘continuous’ process supporting early health
Imagine consumers and clinicians always being ‘connected’ and able to access the clinical record and workflow applications
Imagine devices that improve your clinical workflow and seamlessly integrated into your personal devices to support technology convergence and evolution
We Can Meet the Challenge