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Transcript of General Electric
Vision, Mission, Values
imagination at work
On October 21, Edison invents the first commercially practical incandescent lamp.
GE is born! The General Electric Company is formed by merging the Edison General Electric Company and the Thomson-Houston Company, another prominent manufacturer of dynamos and electric lights.
GE puts electricity to work on a larger scale, building the world's largest electric locomotives (90 tons) and transformers (800 kw).
GE's Elihu Thomson builds electrical equipment for the production of X-rays and demonstrates the use of stereoscopic "roentgen" pictures, for diagnosing bone fractures and locating foreign objects in the body.
The GE trademark (monogram) is registered, giving the company a mark that is instantly recognizable and helping to build the GE brand.
General Electric establishes the first laboratory in the U.S. dedicated entirely to scientific research. The 3-person laboratory is located in Schenectady, NY.
The largest steam turbine yet developed, a 5000-kilowatt vertical shaft unit, is installed at the Fisk Street Station of the Chicago Edison Co. It occupies one tenth the space and is one third the cost of the engine originally planned for the power house, but its capacity is equal to that of any steam engine in existence.
The Future is Now
Wind Turbine Manufacturing 40.1%
Engine Turbine Manufacturing 33.2%
Electrical Equipment Manufacturing 7.8%
Industrial Banking 6%
: Commercial Lending
-Turbines and generators
-Medical imaging equipment
Missions, Values, Beliefs
Sustainability and Culture
-1955: 2,959.1 Million (number 4)
-1970: 8,448 Million (number 4)
-1980: 22,460.6 Million (number 9)
-1990: 55,264 Million (number 5)
-2000: 111,630 Million (number 5)
-2012: 147,616 Million (number 6)
Being the second biggest company in the world in 2010, GE has presence in over 160 countries and has been expanding globally over the last 10 years.
Invented Stock Ticker
-Sold for $40,000
-$548,000 in 2013
Edison and his team develop the first dynamos — devices that convert mechanical energy into electrical energy — capable of powering neighborhood-wide lighting systems.
The Electric Fan
Besides the filament lamp, the electric fan is the best early example of GE delivering a product that the then growing US consumer market would snap up. The patent was secured by James J Wood, one of GE's engineers.
First radio broadcast
Though GE is currently selling some of its stake in US broadcaster NBC, its involvement dates back to the industry's earliest days. Ernst Alexanderson, a GE engineer, was responsible for the first radio broadcast on Christmas Eve in 1906. Alexanderson had spent the previous two years developing the high-frequency alternator that was needed.
Three years into World War I, GE brings out the first sealed fridge. It's the prototype for the fridges that the company still sells today.
Non-reflecting, or so-called invisible glass, was the work of Katharine Blodgett, the first female scientist to join GE's research lab. It was an early version of a product used in many camera lenses today.
With the Second World War having broken out, GE produces the first jet engine for the US airforce, following Frank Whittle's design.
Digital Clock Radio
More than 30 years later and at the other end of GE's spectrum of products, the company produces the first digital clock radio.
Sigma Magnetic Resonance Imaging System (MRI)
Using a huge superconducting magnet, the machine offered images of the body, including tissue, of unprecedented clarity. MRI machines remain a core part of GE's healthcare business today.
"As a 130-year-old technology company, sustainability is embedded in our culture and our business strategy. Working to solve some of the world’s biggest challenges inspires our thinking and drives our actions. We are committed to finding sustainable solutions to benefit the planet, its people and the economy."
: our employees, our customers, our investors, our suppliers and the members of the communities where we live and operate.
: improve our environmental performance and support our customers’ sustainability efforts.
: provide systemic solutions to the world’s complex challenges.
Building, Curing, Moving, Powering
Lightbulb, X-rays, generators, invisible glass, toaster
Commercial lending, Industrial Manufacturing, Equipment Manufacturing
Building, Curing, Moving, and Powering
Sustainability and Culture
#8 in Fortune 500
Sea floor processing, Imaging agents, Hybrid fleets
Schenectady, New York
-GE Technology Infrastructure
-GE Home & Business Solutions
-GE Oil and Gas
-GE Power and Water