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New Financial And Statistical Measures To Monitor The Success Of GE
Beginning of Essay
To : The Board of Directors, GENERAL ELECTRIC COMPANY
Subject : NEW FINANCIAL AND STATISTICAL MEASURES TO MONITOR
THE SUCCESS OF GENERAL ELECTRIC COMPANY
After Mr. Weltch announced my new assignment, I pondered how I could go
about guaranteeing the best possible .... Middle of Essay
.... new trend is the entrance into the service industry. The question must then
be: is this the right answer?
GE is expecting to increase its revenue by the year 2000 to $120 billion
compared with $58 billion in 1990. In other words, if the forecast proves to be
correct, it will obtain an average annual rate of growth of 7.5%. This high
rate is mainly attributed to the expansion of the services sector of the company,
which is estimated to increase by an average annual rate of 13% compared with a
corresponding one of 2.1% for manufacturing. Today nearly 60% of GE's profits
comes from services -- up from 16.4% in 1980.2
This is our new direction and t ....
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Words: 3914 - Pages: 15
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