General Electric Co.v Research Paper Example | Topics and Well Written Essays - 1750 words

oecumenic electric automobile Co.v - Research Paper ExampleCoffin, an ex-shoe manufacturer from Lynn, Massach wonttts (History of GE, Official Website). By forming these mergers, these individual atrophied companies joined their forces together and formed a network of individually owned patent rights of various use. Thus, an spread out business turned into an opportunity for the merger of two large companies. Hence, the two large companies joined their give together and merged into a single and largest company, The ecumenical Electric Company, in 1892 (History of GE, Official Website).The General Electric of today has far changed and transformed itself into the market leader throughout the world yet it offers some of the technologies that Edison had invented in late nineteenth century (History of GE, Official Website).. These technologies include heating devices, lighting devices, cooking devices, etc. It was ulterior in the second decade of twentieth century when GE started wo rking on developing aircraft engines later on getting collaboration with United States government.From cooking devices to the aircraft engines, General Electric has acquired a grand brand portfolio and this has happened moreover because of the innovative leadership that the company has always had since its birth. This strong, multidirectional, and diversified brand portfolio has helped General Electric become fiscally stronger by reducing the operational costs while permitting the overall organization to benefit from prospects. Business unofficialAlthough it has been reported in the previous section that General Electric is one of the largest diversified engineering company, adherence of diversification of its catering for multiple sectors of industrial areas can be found out by tone at its industrial brand portfolio which includes, jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft wind turbines aircraft en gine derivatives louse up and steam turbines, and generators oil and natural gas compressors and turbines diesel-electric locomotives and parts and productivity solutions for industrial and municipal water systems (Yahoo Finance, General Electric Co. Company Profile). isolated from these industrial equipments, General Electric has entered and is doing business in other sectors of the economy such as fiscal sector, energy sector, etc. Along with producing industrial equipments, General electric also provides financial loans, leases and other financial services to manufacturers, dispensers, and end-users for a variety of equipment and capital assets (Yahoo Finance, General Electric Co. Company Profile). Not only this, just General Electrics financial services provide financial services to end-use customers and retail dealers, such as doctrine cards, loans, mortgages, deposit and savings products, and other products (Yahoo Finance, General Electric Co. Company Profile).General elec tric also serves in Healthcare segment of the industry and engineers medical and surgical equipment for magnetic resonance, computed tomography, positron emission tomography imaging, X-ray, patient monitoring, diagnostic cardiology, nuclear imaging, ultrasound, bone densitometry, anesthesiology and oxygen therapy, and neonatal and critical care and therapy. Apart of these financial, industrial, and healthcare sectors, General Electric