General Electric's key strengths
---its operational efficiencies, sheer size, history, and reputation---all worked to create competitive advantages for GE. One of GE's biggest operational strengths lay in
its ability to cut costs and maximize return for shareholders, as with GE CEO Jack Welch's implementation of the Six Sigma approach in the 1990s to business management, as mentioned earlier. GE was also able to cut costs because its reputation as a market leader, its large
network of businesses, and its strong alliance with other major corporations enable it to leverage long-standing relationship to employ the best human, equipment, and capital resources to ensure quality and consistency at a low cost. It acquired many business that provided useful resources, and sold off business units that did not contribute to its success. In addition, GE’s history of innovation, from Edison inventing the light bulb to its pioneering of green energy medical diagnostic technology contributed to GE’s long-term successes
General Electric's key strengths---its operational efficiencies, sheer size, history, and reputation---all worked to create competitive advantages for GE. One of GE's biggest operational strengths lay inits ability to cut costs and maximize return for shareholders, as with GE CEO Jack Welch's implementation of the Six Sigma approach in the 1990s to business management, as mentioned earlier. GE was also able to cut costs because its reputation as a market leader, its largenetwork of businesses, and its strong alliance with other major corporations enable it to leverage long-standing relationship to employ the best human, equipment, and capital resources to ensure quality and consistency at a low cost. It acquired many business that provided useful resources, and sold off business units that did not contribute to its success. In addition, GE’s history of innovation, from Edison inventing the light bulb to its pioneering of green energy medical diagnostic technology contributed to GE’s long-term successes
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