Ge And The Industrial Internet - 6766 Words

GE and the Industrial Internet EIN 6182 Engineering Management Case #1 June 25, 2015 Submitted by: Team 5 AnusuyaArunachalam NishanthGoudAthelli VinayChander Brian Hoehn Jordan Palmquist Samantha Robinson TABLE OF CONTENTS Executive Summary 4 1 Strategic Context and Intent 5 1.1 Who are we? 5 1.1.1 Mission 5 1.1.2 Vision 5 1.1.3 Organizational Goals 5 1.1.4 Sub Goals (Internet of things) 5 2 Industry Trends 6 3 Benchmarking 6 4 Porter’s 5 Forces 7 5 SWOT Analysis 10 6 Matrix of Change 13 7 Alternative Definitions 15 8 Discussion of Selected Alternatives 15 9 Explanation of Chosen Alternative 17 9.1 Overall Strategy (Short and Long Term) 18 10 References 18 Appendix A 19 LIST OF FIGURES Figure 1: Five Forces 9 LIST OF TABLES Table 1: Benchmark Score 7 Table 2: SWOT 10 Table 3: Alternative #1 15 Table 4: Alternative #2 15 Table 5: Alternative #3 16 Table 6: Alternative #4 17 Executive Summary About a decade ago in 2004, GE was hailed as the most valuable company on Earth. But the picture today is not the same. GE is not even the largest in the US in terms of value. Giants like Google and Apple have made huge leaps in terms of value. With the latest industry trends, GE has started realizing that it needs to get much better at software if it has to be successful in today’s market. GE always thought it knew the in’s and out’s of its jet engines, medical scanners and the wide array of products that it delivered to its customers. Trigger EventShow MoreRelatedThe Air Travel Market Through Its Flight Efficiency Services1522 Words   |  7 Pageshas completely revolutionized the air travel market through its Flight Efficiency Services (FES), using the Industrial Internet to help Air Asia achieve efficiency by implementing precision navigation services, flight data analytics fuel management services, and now using it to make changes to customer expectations. GE products are now making it a lead player in the Asia aviation market GE data-driven services. Also, proprietary technologies are being harnessed to identify ways to reduce operatingRead MoreGe External Environment1050 Words   |  5 Pagesmutually dependent global economy is creating new opportunities for growth ¡Xand the corresponding challenges of managing that growth responsibly. In both instances, GE ¡Ã‚ ¦s size is an advantage. GE is solving big needs for countries that need the broad range of infrastructure, financing and healthcare that economic growth demands. GE is also solving big needs on behalf of the challenges that face all of us ¡Xincluding access to clean water, limited natural resources and the need for more energy-efficientRead MoreA Strategic Tool For Business Survival And Success1292 Words   |  6 Pages 4.2 Is IoT(Internet of things) a strategic tool to business survival and success? With the recent development of modern science, the ‘Internet of Things’ has declared the dramatic revolution in the areas of expertise such as medicine, education, enterprise business, military reconnaissance, and the authorities. The term ‘Internet of Things’ (IoT) is not fresh as imagined by the public. Approximately two decades ago, professors at MIT recorded a world where â€Å"things† (equipments or sensors) can beRead MoreInformation And Evaluation Of Highly Individualized Curriculum For Students953 Words   |  4 PagesThe current and future work force requires high level of thinking as well as technological application. The need to diverge from traditional or â€Å"industrial era† education remains paramount. In response, policy-makers, administrators, and teachers realize that ICT offers a solution in accomplishing the task, especially with ubiquitous access. 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The GE Energy Rentals has established a web-based application to evaluate the customers credit worthiness. In other words, this is a technology aimed to determine the worthiness of the customers’ credit. GE Power is the world’s recognized power generation leader. The GE supplies the electricity industry with the world’s most efficient digital power plantRead MoreThe Internet Of Things ( Iot )1666 Words   |  7 PagesContents Internet of Things (IoT) 2 Definition 2 Introduction 2 Current State of IoT 2 Building Blocks 3 Marketing Challenges 4 Finding a receptive audience 4 Articulating the value 4 Getting the buyer up to speed 4 Marketing Strategies 5 Know the Customer 5 Sell the benefits 5 Expand Sales Touchpoints 5 Adopt a consultative approach 5 Conclusion †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 References †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 Internet of ThingsRead MoreSummary : Electricity And Running Water In Saudi Arabia1265 Words   |  6 PagesRunning Water GE has been putting resources into Saudi Arabia for almost eight decades, as a key accomplice in helping the Kingdom meet its formative objectives. GE control age innovation is introduced in almost 40 Saudi Electricity Company (SEC) locales and the greater part of the whole Kingdoms power originates from more than 500 GE turbines.GE likewise supplies grant winning innovation answers for the Marafiq Independent Water and Power Plant, the worlds biggest, in Jubail Industrial City. An accompliceRead MoreHistory of Management Thought - Elton Mayo1620 Words   |  7 Pageshigh employee turnover at the Continental Mills (Merrill 1960). Mayo was also significantly involved in the research relating to The Hawthorne Works of the Western Electric Company from 1924 to 1932. This study formed the basis of Mayo’s views on industrial settings as a social system (Pugh amp; Hickson 2007). Mayo died in Guildford, Surrey on 1st September 1949. MAYO’S KEY WORKS AND THEORIES Mayo’s works and theories have made significant contributions to the evolution of management in organizationsRead MoreGeneral Electric2113 Words   |  9 PagesMini Case Study Can GE Remake Itself as a Digital Firm? General Electric (GE) is the world s largest diversified manufacturer. Fortune named GE America s Most Admired Company in 1998, 1999, and 2000. Jack Welch, GE s CEO and Chairman since 1981, is often cited as the most admired CEO in the United States. Headquartered in Fairfield, Connecticut, the company consists of 20 units, including Appliances, Broadcasting (NBC), Capital, Medical Systems, and Transportation Systems. With the acquisition