General Electric (GE) is a very prominent US company that owns businesses in a wide range of industry sectors such as power generation systems, medical imaging equipment, lighting, aircraft engines, plastics, appliances, financial services and television production.
General Electric (GE) is a prominent US company that owns businesses in a wide range of industry sectors such as power generation systems, medical imaging equipment, lighting, aircraft engines, plastics, appliances, financial services and television production. GE has generally performed well financially over its long history, and this has posed a puzzle for strategic management theories. The reason is that, from the 1980s, the strategic management literature increasingly emphasized the importance of business relatedness based on ‘core competence’ as necessary for financial success (e.g., Rumelt 1974; Teece 1982; Porter 1985; Prahalad and Hamel 1990). General Electric seems to defy this prediction.
GE’s...
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Argyres, N. (2016). General Electric. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_782-1
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DOI: https://doi.org/10.1057/978-1-349-94848-2_782-1
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