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GE: Developing 21st century global talents in China
2 /GE Title or job number /
04/10/23
“I find out what the world needs, then I proceed to invent it.” - Thomas Edison
2010 $150B Revenue $12.6B earnings $14.7B cash
flow
Energy Aviation Transportation
GE Capital
Home & Business Solutions
$37.5B
$17.6B $3.4B $47.0B $8.6B
Commercial
Consumer
Real Estate
GECAS
EFS
Appliances
Lighting
Intelligent Platforms
Healthcare
$16.9B
Engine
Service
Avionics/Systems
Healthcare Systems
Life Sciences
Healthcare IT
Molecular Diagnostics
Locomotives
Services
Propulsion
Systems
2010Rev.
Power & Water
Energy Management
Oil & Gas
GE’s portfolio… structured for growth
130 year-old company 6 businesses in 100+
countries 290,000+ employees
worldwide
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A world renowned company devoted to leadership, innovation and human progress Top Awards: •World's Most Admired Companies by Fortune for 5th consecutive year (ranked 1st in 2011)•No.1 of World’s Most Sustainable Companies by Forbes •No.4 of Most Valuable Brand by Business Week and Interbrand
Over a century history presence in China
GE China key facts
History•1906: GE started business in China •1908: First lighting plant in Shenyang•1925: Acquisition of Anderson/Meyer Trading Company, servicing electrical industry in China.•1991: First JV of GE China, GE Hangwei Medical Systems, Beijing •1994: GE China co, ltd established •2000: Global Research Center, Shanghai•‘08 & ‘10: GE proudly sponsored Beijing Olympics and USA Pavilion in Expo
Current Presence•16,000+ employees, ~ supporting 90,000 jobs through JVs & sourcing •$5 billion in revenue for 2010, $4.2 billion in sourcing•59 legal entities, 26 manufacturing facilities with output of ~$1.3B•320+ offices across 174 cities•2,200 people in R&D•550+ patents originated in CTC by 2010
Vice Premier Li Keqiang met GE Chairman Jeff Immelt
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Building sustainable growth in China
StrategyStrategyPurposePurpose ExecutionExecution
Help China solve its toughest problems
Improve the quality of life for Chinese
people
Go global with Chinese businesses
Develop global talents
Build 5 China based global partnerships
Make GE partner and employer of choice
• The world’s most efficient- Gas turbines- Aircraft engines - Wind turbines- Solar panels- Locomotives
• The world’s most Affordable & Accessible Healthcare Equipment
• Rapid Product Localization• Customer Co-Creation
Innovation
• World Class Training & Research
- Shanghai Crotonville - GE China CEO program - China Global GRC
• World Class Partnerships - GE AVIC Avionics JV - GE Energy/Chinese EPC - GE CSR Transportation JV
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Solving China’s toughest problems
Balanced development•Energy efficiency•Renewables•EV infrastructure•Shale gas/IGCC
ecomagination in China:•Launched in 2006, MOU signed with NDRC•31+ eco products applied in China• ~3Bn in accumulated revenue since 2006 on eco certified equipment•$100MM funding for eco challenge
Key themes in 12th five year
plan
Our presence and commitmentOur strategy
Extended partnership with government in June 2011
A business strategy driving innovation & growth of profitable environmental solutions
Globalrevenu
e ~$21B
Improving quality of life for Chinese people
Quality of life •Rural distribution•Coverage & access•Local innovation•Information
technology
Key themes in 12th five year
plan• Largest medical devices company in China•26,000 diagnostic equipment such as CT and MRI•Solutions for primary care•Global headquarters of X-ray•Continued R&D on In China For China and Reverse Innovation. Chengdu Innovation Center to focus on rural healthcare, remote diagnostics• Joint preventive campaign (Pink Oct.) against breast cancer with MOH
Leading technology and affordable healthcare
Our strategy
Our presence and commitment
Brivo MR
Lifesaving imaging for rural markets
Handheld imager, redefining the physical
exam
In China for China Low cost with excellent
qualityVscan
LOGIQ C5
Dash 1800
MAC C3
LOGIQ C2
$3B investment
100+ products
Flying higher together with China• Largest aircraft engine manufacturer in the
world
• 2,800+ GE/CFM engines operating in the China, CFM is a 50/50 venture between GE and SAFRAN Group
• CF34-10A engines is selected to power China first regional jet – ARJ21
• CFM LEAP-X1C engines is selected to power China’s first homegrown C919 narrow-body passenger jet
• GE Capital Aviation Services lease and manage ~280 aircrafts, purchased up to 10 C919 aircraft and 25 ARJ21 regional jets
GEnx, the quietest, most fuel-efficient engine with the lowest emissions that GE has ever produced.
• GE and AVIC forms joint venture to create new global business opportunities
• GE-AVIC joint venture has been selected by COMAC to provide the avionics core processing system, display system and on-board maintenance system for C919
A China-based global partnership in Avionics
“GE has to be a place where the people want to come to work and where they want to stay and live their dreams in an open and fair, diverse environment.” - Jeff Immelt
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GE global research footprint
Bangalore, India
4 global research centers … 5 by 2012
Niskayuna, New York
Munich, Germany
Shanghai, China
Highlights
• 3,000+ research employees (nearly 1,000 PhDs)
• 34,000+ GE technologists worldwide
• $5.9B technology annual spend
Rio de Janeiro,Brazil
2012 completion
Innovation Center… co-create solutions to address local market needs
•A $500MM commitment to building 3-5 Innovation Centers in inland China
•Co-create solutions, and respond to the market faster
•First phase in Chengdu, Xi’an, Shenyang, adding over 1,000 staff
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Tomorrow’s Calling You.
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•Edison Engineering Development Program•Financial Management Program•Information Management Leadership Program•Operations Management Leadership Program•Commercial Leadership Program •Experienced Commercial Leadership Program•Human Resources Leadership Program
* 2007 Universum Communications Survey
Top Ranked Rotational Leadership Programs*
Two years’ program, rotational in nature, offer hands-on/on-job-training experience, as well as either classroom or additional learning experience while on program.
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Invest on People
Grow Global Leaders
Closing Leadership Gap … Inbound GME … develop local successor Executive assessment & development Mentoring/ visibility/ networking
DevelopLocal Leaders
Accelerate Top Talent’s Growth … mid-senior Leadership programs Cross business / function move Global / stretched assignments Coaching & feedback
Identify Top Talent
Build Talent Pool … University strategy & leadership programs Outstanding hires … early + mid career Performance management … top talent
PB
SPB
EB+
LPB
Objective: World Class Talent ... “Promote from Within” Philosophy
Leaders
hip
Tra
inin
g
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Employees must have longer-term career opportunities
The culture of the company must be sensitive to the
Chinese culture
There must be meaningfullearning opportunities for employees
Rewards programs mustbe competitive
Employees must understand the company vision and mission Employees want to
work for a successful, well known company … good citizenship
Total Value of a “Job”
Opportunity
Company Culture
Learning
Rewards
Leadership Branding
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Great people, great platform … and more than that: we never hesitate to develop
people!