External and Internal Factors Essay

2102 Words Dec 31st, 2011 9 Pages
External and Internal Factors Affecting General Electric
Management: Theory, Practice, and Application

External and Internal Factors Affecting General Electric

We will use General Electric, also known as GE, to illustrate how internal and external factors affect the four functions of management. We will explain how globalization, technology, innovation, diversity, and ethics affect the four functions. We will also explain how delegation can be used to manage the different factors. General Electric has come a long way since its inception in 1876 by Thomas Edison, several of his early business offerings are still a part of General Electric to this day. General Electric has become one of the greatest innovative companies in business
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The planning, organizing, leading, and controlling of this project increased efficiency by 15-20%. The project that was organized many years ago took a partnership between two entities, one the supplier and one within the industry. Controlling the project managers lead efforts by establishing performance standards. The gain improved emissions, and the trains could go 486 miles with one gallon fuel. Their group operations planner system could expand the selling market by gaining productivity. GE has been at the forefront of innovation in 1942, and in less than a year GE invented the first jet engine in the United States. The Auto pilot was developed in 1943 to keep aircraft on a continuous pre-determined course. The first commercial use of guided radar was brought to market from innovators at GE. There is a tradition of improving the quality-of-life with the invention of The Disposal, was introduced in 1935.
Diversity
A diverse workforce is essential to the success of General Electric. General Electric employs over 300,000 workers in more than 140 countries (General Electric Company, 2011). General Electric promotes a work environment that caters to the diversity of the company’s employees. According to General Electric Company (2011), “GE is committed to supporting its leadership culture through systems and policies that foster open communication, maintain employee and partner privacy, and assure employee health and safety” (Working Environment).

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