Organizational Behavior of General Electric

General Electric and How They Espouse Organizational Behavior Concepts

Introduction

In this age where globalization and empowerment seem to be mantra of all organizations , more and more companies have come to realize the importance of breaking away from the traditional organizational hierarchies . Most people would like to function more effectively in organizations and to contribute to more effective functioning of the organizations themselves . It seems logical that the more we know about organizations and the way they operate , the better should be our chances of coping with them adequately and of

achieving our own goals within them and for them . This process of creating knowledge is what theories of organizational behavior attempt to do (Miner , 2002 ,

. 4

Established in 1892 , General Electric Co (GE ) has emerged to be one of the most successful companies that has already spanned in a global scale . Like all organizations , GE has experienced some ups and downs within their organization throughout their history . Despite the squabbles that transpired , GE survived and is presently a diversified industrial corporation . The company primarily develops , manufactures and markets electric generation , transmission , distribution , control and utilization products . The company also manufactures products such as major appliances lighting products industrial automation products medical diagnostic imaging systems bioscience assays and separation technology products electrical distribution and control equipment locomotives power generation and delivery products nuclear power support services and fuel assemblies commercial and military aircraft jet engines chemicals and equipment for treatment of water and process systems security equipment and systems and engineered materials , such as plastics . The company primarily operates in the US , Europe , Pacific basin and other parts of Americas . As its main office is in Fairfield Connecticut , GE employs about 319 ,000 employees . Still a profitable company , GE recorded revenues of 163 ,391 million during the fiscal year that ended December 2006 , an increase of 10 .4 over 2005 . The operating profit of the company was 43 ,906 million during fiscal year 2006 , an increase of 16 .2 over 2005 . The net profit was 20 ,829 million in fiscal year 2006 , an increase of 24 .6 over 2005 (Datamonitor , 9 May 2007

The immense success of GE is recognized worldwide . Throughout the years its former chief executive officer Jack Welch had strived to build the multinational company for more than 40 years . In fact , he claimed that he never had a fulltime job anywhere else . During Welch 's career , the public image of a chief executive officer was subject to numerous transformations and reincarnations . Certainly , Welch was an important figure that engineered General Electric to be one of the best American companies ever (Harris and Power , 1986

General Electric 's greatest advantage is that it is a well-known a global brand . A BusinessWeek-Interbrand ranking of top 100 global brands in 2005 ranked General Electric at fourth position , behind Coca-Cola Microsoft and IBM . The BusinessWeek-Interbrand combine valued General Electric brand at 46 ,996 million in 2005 . General Electric is known more for its industrial products such as jet engines...