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... GE also claimed top spot on the Financial Times survey of the worlds most respected companies for the fourth straight time. The achievement is closely connected with Jack Welch・s four initiatives which GE・s ongoing business strategy revolves around. ... Digitization, or e-business, is Welch・s fourth company-wide strategic initiative announced in 1999, and the second major part of the following pages would be focusing on the discussion of implementing e-business at GE.
The Four Key Initiatives
GE has moved from a focus on heavy industry to a strong emphasis on services and high technology. ... In 1994, Welch challenged his managers to offset GE・s traditional industrial products by supplementing them with added-value services. Today, 70% of GE・s business is in the service and e-Business arenas, and 30% in industry/manufacturing. ... The goal of digitization at GE was to utilize Internet-based workflows wherever possible to eliminate process friction and streamline the operations of GE.
Approximate Word count = 755
Approximate Pages = 3
(250 words per page double spaced)
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