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General Electric Company GE is a diversified services technology and manufacturing company with a commitment to achieving customer success and worldwide leadership in each of its businesses GE operates in more than 100 countries and employs nearly 340 000 people worldwide including 197000 in the United States John F Welch has been the Chairman and CEO of GE since 1981 The Company traces its beginning to Thomas A Edison who established Edison Electric Light Company in 1878 In 1892 a merger of Edison General Electric Company and Thompson-Houston Electric Company created General Electric Company GE is the only company listed in the Dow Jones Industrial Index today that was also included in the original index in 1896 GE has received numerous awards from different financial magazines Global Most Admired Company Fortune 1998 1999 2000 Worlds Most Respected Company Financial Times 19981999 Americas Greatest Wealth Creator Fortune 19981999 e-Business of the Year InternetWeek 2000 Competitive Advantage GE is the worlds biggest company according to market capitalization The Company achieves an increase of 20 in both profits and revenues year after year Maintain Competitive Advantage GE manages to accomplish this through increased efficiency global dominance and exploring new opportunities Policies to Maintain Competitive Strategy GEs business-to-business e-commerce venture GE Global Exchange Services According to the Website it manages the worlds largest electronic community of more than 100000 trading partners GE already has an extensive Internet exposure most prominently through its NBC Internet media aggregating site GE Aircraft Engines continued to be the leader in worldwide sales of airline jet engines and managed to win a contract for Italian helicopter engines too The division has moved closer to settling a labor dispute as the International Association of Machinists and Aerospace Workers Over at GE Power Systems orders for new power generators were up 80 sequentially Heavy-duty gas turbines were also popular seeing a 122
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