Fianl report Essay Example | Topics and Well Written Essays - 1500 words

Fianl report - Essay ExampleHis deep insight into the need for electrical products for the people of his era do him to set up avocation for his electrical products.By 1876, Edison remained busy in the research activities of electrical products and established a laboratory for it. This laboratory was founded in novel Jersey, USA. In order to make the world realize the importance of his products, he formed a business company named as Edison cosmopolitan Electric Company. at a lower place this name, he united all his inventions and started marketing them.During the same period, a competitor organization named as Thomson Houston Company emerged. With the passage of time, both the competitors realized that it is almost unaccepted to survive as competitors because the products from both companies were increasingly becoming supplementary for each other. After successful negotiations, they merged together and one organization emerged who was named as General Electric Company.GE has vas t product line and it is interesting to mention here that many of these products were part of the business even when the business started. It is regarded as an movement of Thomas Edison that his inventions were present in many fields related to medical health care, transportation, consumer electronics, industrial equipments and power transmission etc. GE has established its GE brands with its rich product line and all the sub organizations are headed by dedicated CEO and Chairman.GE is a successful name when viewed from the perspective of business owners, customers and employees alike. Customers prefer buying GE products because of their guaranteed performance and reliability. The customers loyalty paves the way for profitability of GE and pays favorable returns against the investment of owners. GE is ranked among the flower employers of the choice which attracts high talent at high compensation rate.The secret of GEs success is its strategic management techniques.