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Company Analysis Assignment: General Electrics

   

Added on  2020-05-28

4 Pages771 Words42 Views
Running head: GE’S WORKING PATTERN EVALUATIONGE’s Working Pattern EvaluationName of the studentName of the UniversityAuthor Note

GE’S WORKING PATTERN EVALUATION1Factors driving GE’s transformation: Various factors are involved in the transformation of the General Electrics, and theyhave been mentioned as follows:The first and foremost factor is their competitive and farsightedness. They tend tocompete with the best in their field of interest. This nature can be deduced from thestatement quoted by Jeffrey R. Immelt when he considered IBM andAmazon as their competition (Lohr, 2018). The value of datapreservation shows their farsightedness.The firm’s dedication over technology to manage their processes is also an enablingfactor for the transformation ("Inside GE’s Transformation", 2018). They are readilyavailable to adopt the digital wizardry and digital habits.The act of learning during operations is also a factor for the transformation.GE’s digital manufacturing units: GE has adopted digital methods of doing things, and it is proving to be of excellentefficiency. The subject is luring engineers who had experience in the IT giants` firms likeApple, Google and others to change its business model digitally. The firm claims that theyhalved the time of production of a gas turbine by equipping digital methods in their producingunit at Greenville, S.C. (Lohr, 2018). The processes of operation have alsochanged with the changing business model. The manual development ofblueprints for the models to be developed has been switched to 3-Dcomputer models. The manual method took a period of up to 8 weeks anddocumentation of nearly 70 + pages for completion, hence saving a lot oftime and effort. The equipment and units are also upgraded to be sensorenabled. This implication has enabled monitoring of the units even whenthey are not in operation. The firm has claimed that in the past threeyears they have saved over 530000 hours due to automation (Lohr, 2018).Hence, it can be stated that adopting digital business model has provedto be a perk for GE.Role of digital technology in GE’s transition: “Industrial Internet” is the term that is enabling innovation in the manufacturingindustry (Bruner, 2013). GE has started to put its time and effort in research and development

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