Business analysis of General Electric

Business analysis of General Electric In the history of technology in the united scales, the history of General Electric company constitutes a significant part. The growth of General Electronics (GE) from a mere home laboratory of Thomas Edison to one of the largest companies from simple early applications to complex 21st century high tech wizardry, has been quite outstanding. the company has also merged with other companies, broading its scope , moving from technology to services, consisting of total 11 main operating gates : GE Advanced with high-performance, fused quartz and ceramics which are used by a good number of industries, silicon-based products. One of world’s leading appliance manufacturers, GE Consumer and Industrial is a preeminent global maker of lighting products for consumer, commercial, and industrial customers. Besides, these functions, GE Commercial and Industrial also supplies systems, services and integrated industrial equipment. The energy industry is served by GE Energy, a prominent suppli er among its field. P1. Background to Change Major changes in General Electric: The economic problems of GE can be deciphered through its managerial reshuffling. General Electronic experienced a far reaching change when John F. (Jacx) Welch Jr. became the chairman and CEO in 1981. Welch intended to give power to the subordinates i.e. the periphery of the company by invalidating the hierarchy of the management, assigning divisions according to the per formative skills, which he followed from predecessor Reginald Jone’s time. GE bought 338 business and product lines for $11.1 billion and sold 252 for $5.9 billion over the next few years. Jones wanted GE to be top ranked in all the fields of operation. During this period, in 1943, General Electric Credit Corporation, another of GE’s operations was formed. And as it expanded into other markets like real estate, leasing and selling of heavy industrial goods, insurance and inventories its assets doubled to $16 billion betwee n 1979 and 1984. Also, the leasing operations protected the parent company from heavy taxes. It was done by leasing of the credit corporation on the equipments developed by GE which suffered accelerated depreciation. Forces for change: Controlling bureaucracy: Welch’s signature concept was to spark productivity and save the company from eminent threats. Wales took care of both internal and external problems. He sorted out internal problems such as between functions eg-that between sales and manufacturing and external problems like GE and its suppliers and customers. Welch incited any kind of barrier was bad for the company. Information travels easily in an open, boundary less organization. There is a nothing to hinder the continuous flow of decisions, people, ideas etc. the century-old systems of resided hierarchy and bloated bureaucracy in Ge near got rid of because this Boundary less behavior. Welsh spent two decades reforming the bureaucratic procedures of GE, because he t hought anything that hindered the free flow of ideas and learning was destructive. Lack of sharing information: Because there was a communication gap between the lower and top management, the goals were not clear to them. So they needed to change and adapt so that everyone could be aware of the goals and objectives of the company.

Biological differences between different populations. What kinds of Essay

Biological differences between different populations. What kinds of biological differences exist between contemporary humans - Essay Example Following a discussion about origins of biological differences, an account of the various differences observed among different populations is given. The work concludes by highlighting the importance of further research that is required to explore the mechanisms of biological differences further. Key words: differences, populations, biological Introduction If we take a closer look at the anatomical, psychological, behavioral and other aspects of the lives of people around the globe, it becomes clear that there are quite obvious differences that exist among populations. The blacks are well known for their stronger physique while the Asians are considered to have a comparatively higher IQ than other populations in general. Similarly, there are a number of diseases which are more prevalent among certain populations and totally non-existent in others. In terms of social behavior, people from certain populations are known for the aggressiveness while other are noted for being cool minded. These visibly apparent differences raise a number of questions regarding their true origins. Although, a simple approach would be to look for the causes in the political, social and religious spheres of life; yet a truly scientific approach would not miss the option of looking into the biological basis of such manifestations. Such queries may be directed towards delineating macroscopic differences in some cases; while in others the orientation of this quest should be towards exploring the microscopic explanations. Whether microscopic or macroscopic, the biological basis provides a rather novel explanation of the differences observed among various populations of the world as we shall see in the following lines. Discussion The origin of biological differences Human beings as a species have a history which is very rich in events of migration. Whether this migration was for the purpose of survival or for improvement of life standards, the ultimate result was a better adaptation of this species to the various environmental conditions of the planet. Exposure to new lands not only opened doors of opportunity to the migrated, but also provided them a means of intermingling with other population groups, thereby ensuring mating. Although various social and cultural hindrances limited such reproductive encounters; yet the biological aspect has always been favorable for them. In recent times, the promotion of concepts like 'globalization' and 'global village' have removed the remaining barriers to an extent where intermingling of genetic pools of different populations have become easier (Hagen). The basis of biological variation is genetic variation that not only exists among different species but is also observable within species. The basic code that determines the genotype and ultimately the phenotype of an organism is present in the cells of organisms in the form of DNA. The deoxyribonucleic acid (DNA) possesses specialized sequences of genetic information which are te rmed genes; the genes code for specialized proteins which are formed within cells and later perform dedicated functions. The transmission of genetic information from a generation to the next is by means of a specialized method of cell reproduction that is termed meiosis. Crossing-over that occurs between chromosomes during meiotic process ensures shuffling of genetic material; the shuffled genetic code is presented for genetic coding purposes to the next generation. Other methods of alteration in genetic code may include processes like mutations due to radiation or mediation etc. It is obvious from this discussion that transmission of genetic information is a random process, and the genetic pool of a given population is vibrant enough to bring about detectable

Paul Tillich and His Theology Essay Example | Topics and Well Written Essays - 1500 words

Paul Tillich and His Theology - Essay Example Even brief analysis of the political and cultural contexts that surrounded Tillich during his life and career reveals how strongly those contexts affected his theological views.   Born on August 20, 1886, in a little village called Starzeddel, Germany, Paul was introduced to religion early in life. His father was a Lutheran minister and his mother was brought up as a more liberal Calvinist. Paul received his Ph.D. from Breslau in 1911 and was ordained as a Lutheran minister, like his father, in 1912 (Pauck & Pauck, 1976). The period from Tillich’s birth to the First World War was the time when his theological system only started to develop. Born in the last quarter of the 19th century, Tillich spent his young years surrounded by the spirit and traditions of Romanticism, the dominant movement in the European culture of that period. The Romantic protest against the rationalization of nature, coupled with the stress on the emotional aspects of existence and, of course, confronting the sublimity of nature could not but affect the way Tillich perceived his relation to the surrounding world (Henderson, 1986).   Tillich's perception of the world was put to the severe test during the years of World War I. Tillich headed toward the front â€Å"†¦.filled with nationalistic fervor and even enthusiasm over the opportunity to serve both God and country as a military chaplain† (Henderson 1986, p. 143). However, the realities of war almost immediately undermined Tillich’s belief in â€Å"†¦a nice God who would make everything turn out for the best† (Pauck & Pauck, 1976, p.40). One of his duties was to bury the dead and soon the young chaplain found himself spending more time digging graves than fulfilling his direct duties (Henderson, 1986).

Satisfaction and Turmoil in Medea and the Twenty-third Psalm :: Euripides Medea Essays

Satisfaction and Turmoil in Medea and the Twenty-third Psalm We are all familiar with the Bible and its contents in general, yet a few individuals know it better than others. The twenty-third Psalm in particular is one that some know by heart. Then, there are those of us that are fascinated with other ancient histories and literatures.   Medea is one such literature that illustrates the classical Greek culture of the day.   These two literary works come across as strikingly different, and their disparity can be attributed to the authors' different styles and the different ethical beliefs that lie behind the works. The twenty-third Psalm soothes the reader with gentle language whereas Euripides' play somewhat irritates the reader's emotions with its diction and flow of events. The first line in the Psalm is "The Lord is my shepherd; I shall not want."   This clearly emphasizes a very important point: the fact that "I", being whoever reads this, will never have to concede to desire.   The language is as plain as it can get; this point cannot be conveyed in any simpler form. However in Medea we see a nearly total opposite view.   "What profit have I in life?   I have no land, no home, no refuge from my pain"   (782-3).   Although this statement also uses "I" as its subject like the Psalm, its focus is clearly that life's purpose is to live for a profit and self-satisfaction. The Psalm uses the word "shepherd" to symbolize a feeling of security, while the line from Medea speaks of "no refuge from my pain."   This shows us that the speaker does not know that such a "shepherd" even exists, as does the peaker in the Psalm.   The diction in Medea from this line also paints a picture of frustration while the Psalm applies a mood of satisfaction.   This is just one of many places where we sense frustration in Eurpides' play. Medea makes the statement, "I weep to think of what a deed I have to do next after that; for I shall kill my own children" (775-6).   This line is very powerful in that the speaker is telling the reader of her plans, which are utterly gruesome.   It seems as though she has only a little remorse for what she plans to do, because she makes her plans sound so straightforward while only claiming that she will simply "weep" for her actions.

BPR and TQM in Commercial Construction Industry

The commercial construction industry is the largest component of construction industry in United States. The business started to gain popularity in the 1990’s as the strong economic growth lead to strong demand toward the services in the industry. Companies worked within the industry vary from small contractors who have annual revenue of $1 million, until the multinational corporations whose profits exceeded $1 billion each year. The industry is a little different with other components in the construction industry.For example, commercial construction cannot rely on shrinking interest rates to prevent the downside of an economic surge in the early 21st century. As people started spend less on new construction works, the industry degraded. Commercial construction is a competitive industry. Contractors generally employ sub-contractors, which can be divided into two types, â€Å"group-up work† subcontractors and finish-out work† subcontractors. With stricter regulatio ns and more specific demands from the consumers, business becomes more challenging for everyone.Projects become more complex and time constraints become more demanding. All of which lead to considerably smaller profit margin in the end. Dealing with these challenges, players in the commercial construction industry are desperate for a radical solution, one that will deliver them competitive advantages to survive the all the challenging demands. In this paper, I am providing two alternatives of solution for the commercial construction industry. The first alternative is Total Quality Management (TQM) and the second is Business Process Reengineering (BPR).Both of these alternatives are worldwide known managerial concepts designed to improve the quality of corporate processes. II. Challenges in Commercial Construction Industry Before we discuss how TQM and BPR could help companies improve their processes, I will elaborate some of the challenges in commercial construction industry that ne ed to be addressed. II. 1. Highly Cyclical Demands The commercial construction business is highly affected by the health of US economy. Surges and downturns have direct contribution toward the increase or decrease in revenues, expenses and profits.Economic trends also define the direction of the business. Some commercial construction companies try to tackle the issue by developing multiple specialties. However, the fixed cost invested in all of the specialties is nevertheless burdening the business. Furthermore, by having multiple specialties, companies have to manage costs more carefully to maintain profit in each one. II. 2. Uneven Revenues and Expenses Contractors of commercial construction are demanded to have considerable amount of working capital at their disposal at all times. This is important due to two reasons. First, the price of raw materials fluctuates constantly.Second, clients of the business could decide to pay at random intervals, without considerations of contracto rs’ requirements. In large projects, the cash flow is even larger and thus created the need for careful cost management. II. 3. Availability of Skilled Personnel Personnel availability has always been an issue in the construction industry. This is due to the poor image of construction workers all over the globe. Nevertheless, with the increasing complexities of construction work and the need for more skilful construction workers, the issue of personnel availability has never been so important.Management cannot afford to use unskilled labor to fulfill complex demands from clients. Thus, training periods and becoming more important and also cost management to perform quality training sessions. II. 4. Consolidation of Projects With the increasingly high competitive pressure, many contractors decide to submit to consolidation process, and other contractors fall into the role of sub-contractors. This created an unexpected risk. As construction contracts becomes fewer and larger, c ash flow management of each project becomes a lot harder to manage and financial risks of each project also increases.Today, many commercial construction companies depend of only several annual contracts for most portions of their revenues. II. 5. High Insurance Costs The commercial construction business is characterized by high insurance cost. Contractors are demanded to pay high premiums for many insurance policies, including general liability, workers insurance, etc. This insurance problem is worsen by the material and installation defects issues and unqualified workers. Thus management cannot afford to have poor bookkeeping and cost management. II. 6. Investment in TechnologyTo serve the increasing demand for unique and modern feature of constructions, contractors in the commercial construction business must invest more heavily in high technology. This poses as another challenge for contractors because prices of equipment are also become more expensive and more vary. Contractors would need to make more capital investment management more diligently and more carefully. (â€Å"Industry Overview†, 2006) III. Total Quality Management Total Quality Management is a company-wide approach to quality improvement in corporate processes and activities.The concept has become a way of doing business for companies in various industries all over the globe to improve the quality of corporate processes in all departments and functional areas. Despite to the large nature of differences in corporate processes in different industries, Total Quality Management defines several functions that have become common features of all managerial structure. These defined corporate functions will then become the focus of process improvements. The common functions that become the center of attention in TQM are: 1. Serving customersThe focus of all companies whether they are manufacturing or services companies is to aim for their customers’ satisfaction. In the basis of this pr inciple, management must understand that categorizing business into manufacturing and service are actually senseless. The more important thing to achieve is clearly identifying specific customers of the corporation and also their needs and preferences. TQM invites corporate managers to revitalize focus on this particular activity through market researches, surveys and other studies. Management must constantly learn about their customers 2.Top Management Role in Quality Improvement All business reforms started with the top managers and can only be maintained by constant and sufficient participation from the top managers. This includes quality management efforts. Top managers have the key function of providing direction and motivation for their subordinates. Employees will only participate when they already understand the importance of performing improvements. TQM invites managers to understand the crucial nature of their actions in quality improvements and thus, making the necessary adjustments to achieve the defined targets.3. Employee Participation After ensuring top management are doing their part in the quality improvement process, TQM takes us to focus on employees and how they have participate in support of the effort. Employees are the final station where products and services are still in the organization’s control. Thus, if they have sufficient commitment not to allow the spread of poor quality products and services, then there would be little chances that customers will ever discover unsatisfied products or services delivered to them. 4. Identifying Quality Issues and Developing SolutionsEvery company has a system designed to discover poor quality. The system is generally built from a cross section of various functions within the organizations so that their combined attention will be able to identify quality defects more diligently and furthermore, suggest possible solutions. TQM invites managers to take advantage of the system and focus on dev eloping their potential into maximum. In the new quality system, top management must also take part in defining quality defects, discovering existing opportunities for improvements and formulate possible solutions. 5.Employee Training and Employee Management Even the most highly automated companies require skilful and highly motivated employees to run their processes. TQM bring focus on employee management processes to increase the quality of corporate operations as a whole. First, management should develop their employee training process as corporate targets changes. Second, organizations should provide continuous educational support even to the longer-time employees. Third, organizations should design a working environment where employees would have a sense of pride when they are doing a good job.Fourth, management must ensure that the compensation system is bringing sufficient motivation to attract creativity and fresh ideas from employees. (Hammer, 1993) The perspectives of TQM elaborated above will assist managers within the Commercial Construction business to deal with the challenges of their environment. For instance: ? The first perspective of customer service can realign managers’ perspective in the commercial construction business in how to do their job. Managers of the commercial construction business could begin to see that all their construction work are but means to satisfy clients.Thus, they will begin to involve client more actively in their decision making processes. ? The second perspective of TQM, which is improving top management involvement in business processes, can develop managerial sensitivity on employees’ workload. If managers can understand their employees better, they will be more considerate in making consolidation decisions and technology investments ? The third perspective of TQM will help managers in the commercial construction industry to better integrate with their employees in performing business processes.Empl oyees must be informed of the corporate targets and goals so they can be more motivated in performing their work, knowing that they will make meaningful contribution for the organization as a whole. ? The fourth perspective or TQM can help management in discovering cost reduction opportunities in the midst of the more demanding business environments, especially when consolidation projects are extensively performed. ? The fifth perspective of TQM aligns perfectly with managerial sentiments of the commercial construction business to enhance training and education to ensure that each process is managed by highly qualified personnel.As complexity level enhances, this focus becomes more vital. IV. Business Process Reengineering IV. 1. Definition Business Process Reengineering (BPR) is a quality improvement system, the same as Total Quality Management (TQM). It is a management approach to improve the quality of processes by focusing on efficiency and effectiveness of the process that exis t across the organization. Many find difficulties in differentiating between TQM and BPR, but in most articles regarding BPR, it is always elaborated that BPR has a more radical view about business processes and its core necessities.According to BPR, business should define their core processes and focus solely on those activities. Other activities that do not add value to products or services being produced are considered waste. IV. 2. The need for BPR Oneil (1999) identified that there are actually three kinds of BPR causes. These causes can be explained by the conditions in which the organization finds itself: ? First, companies invite BPR concept and its implementation because they have no choice.These companies find themselves in deep trouble and they have no choice but to design changes in a depth and magnitude level that some would call radical. This is why the concept is referred to as Business Process Reengineering. ? Second, companies are not in trouble yet but they perceiv ed clearly that the future would be problematic. ? Third, the company is actually in its peak position, but they see opportunities to develop a competitive edge over their competitors III. 3. Implementation of BPR A short model of implementing BPR will be described in this subchapter: 2.Define mission and vision statement that contains the unique value of the organization in comparison with others 3. Build clear business strategy based on this mission and vision statement thus generating project objectives 4. Define core processes that will help the organization in achieving these project objectives 5. Producing key performance measures to measure cost-benefit relationship of the processes 6. Improving effectiveness and efficiency of the processes using the performance measures At a glance, these steps seem to be similar to other process development stages.In BPR however, the strong focus is on how to radically improve effectiveness and efficiency by driving out all costs and activi ties that do not constitute the vital necessities of the processes (Chan, 1997). III. 4. Role of Information Technology in BPR BPR experts argued that BRP is different then TQM and other process improvement concepts because of its strong focus over the efficiency of the core processes. One of the well-known sentiments of BPR is that information technology should not be used unless it produces efficiency improvement toward corporate processes.BPR experts stated that in the midst of modern business environment, organizations sometimes implement IT system because of its popularity, failing to recognize the advantages produced by the IT system for organizational processes. BPR fight against those practices in the modern business environment (Davenport, 1990) III. 5. Critics In some literatures, BPR is also criticized due to its radical nature. For instance, most of the companies implementing BPR are discovered performing massive layoffs to enhance their process efficiencies.Observers be lieved that implementing BPR without other balancing concepts will lead to only short term benefits because BPR focus mostly on the financial factor of value production. The use of other concepts like the Balance Score Card should enhance BPR’s benefits toward organizations. III. 6. Benefits for Commercial Construction Business The use of BPR is perceived to be very much suitable for the construction industry due to the ‘hard’ and highly competitive nature of the environment. Furthermore, it has been stated that the BRP concept is suitable for organizations in desperate need for radical cost reduction and process development.One of the supporting factors is that the construction industry usually employs workers on the basis of short term contract. Thus, using the BRP concept, managers could increase the efficiency of their processes without having to worry about laying-off long-term employees. The construction industry is also complex with hundreds of types of ma terial and service costs that can be evaluated through the BPR concept. With the recent development of consolidations and usage of Information Technology, BPR will also assist managers in evaluating which costs are really beneficial and which should be considered waste.V. Conclusion The commercial construction business is the most competitive sector of the construction industry. Lately, the business sector is faced with serious challenges that require management’s attention. These challenges threaten the survival of organizations within the business sector. In order to face those challenges, we suggest that companies within the sector turn to Total Quality Management and Business Process Engineering. These are quality improvement concepts designed to enhance efficiency and effectiveness of organizational processes throughout the organization.TQM and BPR are rooted from the same idea, but they focus on different pressure points. BPR has a more urgent sense within it steps. It is a concept practiced by companies in need of a radical change in their business processes, in order to survive upcoming challenges. It focuses on the financial aspect of core business processes and driving-out costs other than vital ones. Some believed the concept to be harsh and insensitive to other aspects like maintaining pleasant working environment, etc. Nevertheless, its contribution is undeniable to modern companies today.TQM on the other hand, is a concept developed by the Japanese, along with the JIT and kaizen concept. It focuses on continuous process improvements which stronger sense of long-term orientations. Applied together, these concepts will assist managers of the commercial construction business in improving their operational processes and facing their challenges in the form of increasing business complexities. Bibliography Chan, S. L. , C. F. Choi, 1997. â€Å"A conceptual and analytical framework for business process reengineering†, International Journal Production Economics, vol.50, p. 211 – 223. Davenport, Thomas & Short, J. (1990), The New Industrial Engineering: Information Technology and Business Process Redesign, in: Sloan Management Review, Summer 1990, pp 11-27 Hammer, Carter, Usry. 1994. ‘Cost Accounting’. SouthWestern. ‘Industry Overview’. 2006. MSG. Retrieved August 12, 2008 from http://www. msgcpa. com/general. php? category=Industry+Library&headline=Construction+-+Commercial O’Neill, P. , and A. S. Sohal, 1999. â€Å"Business Process Reengineering A review of recent literature†, Technovation, vol. 19, p. 571–581.

The New York House Of Refuge - 1403 Words

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Comparing Codes of Ethics Essays - 895 Words

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Sadik Abstract This paper will attempt to examine the code of ethics from the American Counseling Association (ACA) and the American Association of Christian Counselors (AACC). It will take a look at the differences and similarities shared between the two organizations, respectfully. It will examine confidentiality, dual roles and sexual intimacies. Comparing and ContrastingRead MoreSocial Work Ethics And Personal Ethics1489 Words   |  6 Pages Social Work Ethics vs Personal Ethics Shacoya Collins Indiana University 13 October 2017 John Fitzgerald Kennedy once said, â€Å"One person can make a difference but everyone should try† (John Fitzgerald Kennedy Quotes 2005). Everyone can be a change in someone else’s life, if they set aside their own beliefs to help someone else who may have different beliefs. 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This essay hereby endeavours to critically examine the PRiNZ definition of Public Relations against various models of both Public Relations communication and the ethics employed when exhibiting them. Examples from contemporary New Zealand will clarify critical assessment. The first part of the definition describes a â€Å"deliberate, planned and sustained effort†. This idea is best developed when looked at in termsRead MoreSocial Welfare Essay719 Words   |  3 PagesNASW and IFSW is that they have the same layout but a different format being that there are in two different areas of the world but still serve to the need of the people. NASW has four sections that consist of the Preamble, Purpose of the NASW Code of Ethics, Ethical Principles. Ethical Standards and the IFSW has five sections the Preface, Definition of Social Work, International Conventions, Principle, Social Justice, and Professional conduct. When taking a look at the NASW you see that it is theRead MoreAccounting Ethics Essay example619 Words   |  3 PagesThe Bible and Accounting Ethics The Bible and accounting have numerous similarities when it comes to ethics. First, let us take a look at the definition of ethics; â€Å"ethics are the beliefs that distinguish right from wrong. They are accepted standards of good and bad behavior† (Wild, p.8). Therefore when comparing the two we are able to distinguish certain verses in the bible, with the code of ethics in accounting that are recognized in the accounting industry or any industry at that. There areRead MoreThe Ethics And Integrity Of Two Research Articles1139 Words   |  5 Pageswill analyze the ethics and integrity of two research articles. The first article, Social Networking and Professional Ethics: Client Searches, Informed Consent, and Disclosure (Harris, Robinson Kurpius, 2014). The second article, Child Rights as a Framework for Advancing Professional Standards for Practice, Ethics, and Professional Development in School Psychology (Nastasi and Naser, 2014). The standards and key portions of the American Psychological Association (APA) Code of Ethics (2010) of eachRead MorePersonal Statement : Professional Identity808 Words   |  4 Pagesover step her professional boundaries towards a friend of a critical injured patient. In this article Holland used external references from P Muskin’s Clinical guide to Countertransference: Current Psychiatry article published in 2009 as a means of comparing the practical way of handling a person in a time of grie f compared to the unnamed Louisianan nurse who had over step many boundaries. Holland had conducted interviews and many colleagues of the nurse who said she had â€Å"acted in a completely unprofessionalRead MoreHuman Resources Management Principles For A Profitable Professional Service Organizations865 Words   |  4 Pagesproject management principles compared to operations management principles. Each of these management principles include different criteria, but play a vital role in running a successful business. I will also cover the importance of establishing a code of ethics for a profitable professional service organizations. Human resources management (HRM) and operations management (OM) have been thought as very separate fields. â€Å"The shift in the U.S. economy toward the service sector and away from manufacturing