Since the press and so called "investment analysts" have decided to focus on the negatives lets look at the positives of this REMARKABLE company.
First of all it is diversified... which every one asserts is important.
Second it is focused on major growth areas.
- ELECTRICITY... which needs a major overall and upgrade. It provides NUCLEAR, LARGE STEAM TURBINES AND TRANSMISSION SYSTEMS
- GREENING products and services.. which covers the gambit of wind, solar..et
- HEALTH CARE... ranging from diagnostic to information systems and software.
- INFRASTRUCTURE.. which includes a first class locomotive product line.
- LIGHTING which is still a major consumer of electricity and a major opportunity for innovative systems
- INNOVATIVE appliances which can help contribute to the "home of future...which is efficient and energy saving
- Financing...which has been grown too BIG and if restructured and refocued can be a major element to enabling consumers and businesses to afford to innovate and refocus
Third.. it is still solvent and makes money.. unfortunately because of the current fiasco in financial systems and demise of the US "big three" automobile... it is being compared with losing companies unfairly.
Fourth.. a leadership team and deep bench... unlike the rest of the world GE has skilled people at all levels and even though I may disagree with their strategies and actions...they are still among the best, (but the rest are just terrible.
In short, GE still is a vibrant company and should not be included with the LOSERS.. however, it is still important that the GE management and leadership learn from its past successes and failures, which includes adapting, admitting mistakes and being realistic...
Bill Rothschild,author of the only objective, comprehensive and insightful analysis of GE's successes and failures and what we can learn from them: THE SECRET TO GE's SUCCESS.. available in all major bookstores and in SIX languages.
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