General Electric (GE) Assignment Example | Topics and Well Written Essays - 2500 words

General Electric (GE) - Assignment Example There are numerous core competencies and capabilities of the company which act as the major drivers of success and sustainability of the business in the global corporate segment. The success of General Electric has been rooted to the use of effective corporate and strategic management systems in the business. The company has also been revitalised from time to time through the induction of adopting and self-confidence tools like Change Acceleration Process (CAP) to different types of business units in the various industries of operation for the segments of the conglomerate (Chaffee, 2005). General Electric was the first ever company in the global frontier which systematically applied multiple strategic and corporate management concepts and strategies simultaneously within the business verticals. The success and strong performance of GE has also been driven by other factors like strong corporate portfolio management functions, management of talent and movement of ideas (Cameron, 2012). The adoption of three key companywide performed and growth initiatives including Six Sigma Quality, services and globalization have enabled GE to integrate higher levels of sustainability in the business. Another core capability of the company is that many of the large business segments of the business are able to differentiate their outputs with the production of high quality goods and services while at the same time controlling the costs of operations incurred for per unit of the produced goods.