Challenges Faced With Ge Healthcare - 1464 Words

GE healthcare has positioned it self as a global player in more than 100 countries. The company has laid his hands in all the aspects of healthcare. Though they have been leaders in this industry, the company faces number of challenges. The challenges include complying with safety standards of different countries, setting up presence in emerging markets, low cost innovation, educating workforce, administering clinical data ethically, aligning information technology with health care and minimizing errors in their equipment. The company requires new tools and technology to overcome the political challenges in different nations. In the past year GE healthcare has reported rise in revenues from developing countries. There is a need of establishing production base and RD centers wherever possible in the emerging markets. Countries like India and china hold a great potential for GE’s health care device. Due to their large population, the patient count is more. India being known for its cheap workforce and highly skilled researchers can emerge as a strong market for GE. The company set up more and more research departments in India where the healthcare facilities are below average and patient count is increasing. The average drug production in US takes 8 weeks whereas it can be produced in 3 weeks in India. It is highly recommended to set up high RD centers to provide the population with low cost devices. Chinese government’s increasing expenditure on health care has increasedShow MoreRelatedCase; Ge Growth1597 Words   |  7 Pages1. How difficult was the task facing Immelt assuming the CEO role in 2001? What imperatives where there to change? What incentives to maintain the past? 2. What do you think of the broad objectives Immelt has set for GE? Can a giant global Conglomerate hope to outperform the overall market growth? Can size and diversity be made an asset rather than a liability? 3. What is your evaluation of the growth strategy (a strategy for a giant global conglomerate with a portfolio of mature industrialRead MoreCase Study: Ge Healthcare in India: an (Ultra) Sound Strategy?1142 Words   |  5 PagesCase Study: GE Healthcare In India: An (Ultra) Sound Strategy? What are the basic facts? GE Healthcare India, a joint venture between General Electric (GE) and the Indian multinational Wipro Ltd., had ended the 2005-2006 year with a significant rise in sales of 10% since last year. They were the market leader in the $77 million ultrasound machine market, beating its competitors, which included Siemens, Toshiba and Philips. The president and CEO of GE Healthcare India, V. Raja read the newspaperRead MoreThe Key Factor Behind The Success Of Business1710 Words   |  7 Pagessay we are still gathering that information every year whenever a new business process aligns with IT. I am going to discuss few of the issues, which were faced by GE healthcare while doing IT alignment with different hospitals. Current and future challenges involved in IT alignment. Moving from a product to a solutions focus is a daunting challenge for most B2B companies. It is very easy to plan for a business, to change from one solution to other solution but it’s always difficult to take firs t stepRead MoreBenefits And Benefits Of Ultrasound Technology Essay1494 Words   |  6 PagesGeneral Electric Healthcare faced when implementing its strategies to introduce diagnostic equipment to developing countries was the problem of female feticide in countries such as China and India. In regards to the developmental delay facts about their culture human and economic value males more than females in many respects, mainly because men carry on the family name, as well as to contribute more financially to the family. The one significant action that can be taken by GE to determine thisRead MoreSustainability: Lean Manufacturing and Ge Essay5800 Words   |  24 PagesGlobal OPERATIONS MANAGEMENT Increasing demand for sustainable supply chainsHow Trend is Affecting Global Company General Electrics (GE) Mentor: Professor Steef van de Velde OneMBA class 2014, Team – 6 Basant Singh, UNC Nicole Wachs, UNC Omar Castillo, UNC Jonathan Tamayo, EGADE Eduardo Palma, FGV Sven Kenis, RSM Tessa van lperen, RSM Mentor: Professor Steef van de Velde OneMBA class 2014, Team – 6 Basant Singh, UNC Nicole Wachs, UNC Omar Castillo, UNC Jonathan Tamayo, EGADE Read MoreCompetitive Advantages Of Ge Health Care1800 Words   |  8 Pagesadvantages †¢ GE health care is now expanding their footprint in emerging markets like Asia and Pacific. †¢ GE health care has now established their manufacturing bases in the regions like India and China, where the capital investment is low. †¢ To be a step ahead of their competitors in molecular imaging, computed tomography and ultrasound GE healthcare has invested a fancy sum in the technology research and development. †¢ Relevant tools and techniques for each environment like quality challenge in UK andRead MoreA Brief Note On The Health Care Sector Essay1331 Words   |  6 Pageshealth. Healthcare sector is one of the world s largest industry with total revenues reaching upto US$ 2.8 Trillion. In India , Healthcare has emerged as one of the largest service sectors with an approximated revenue of around $ 30 billion comprising 5% of GDP and providing job oppurtinities to around 4 million people. Healthcare sector being a wide sector is further divided into segments. Following chart clears our perception in a better way. Scenario of Healthcare Sector Healthcare as aRead MoreAnalysis on the Shift of Business Strategy for Ge Into the 21st Century2335 Words   |  10 PagesQuestion 1: In what ways has Jeff Immelt redirected the strategy of GE? In 2001, shortly after Jeff Immelt became the CEO of GE, a series of events changed and impacted the corporate landscape. The immediate challenges that he faced included 9/11, and a subsequent series of high profile corporate scandals (Enron, WorldCom). In 2008, the financial crisis hit and had a severe impact on GE’s primary growth source, GE Capital causing it to accumulate bad debts and asset write-downs. These events causedRead MoreThe Innovation Of The Multinational Companies1902 Words   |  8 Pagesnew technologies from scratch to attain success in the emerging markets. Sustainability Gap: Emerging nations have a high chance of facing environmental and resource constrains in their process of growing economically. As their economies grow, the challenge of balancing their economic endurance and resource sustainability gets higher. Hence, these differences ought to be recognized in order to win the upcoming markets. Regulatory Gap: Businesses tend to function in a consumer friendly manner when regulationsRead MoreGe Strategy4565 Words   |  19 PagesAustralian National University July 2009 Corporate Strategy Analysis: General Electric Co. (1981–present) Stanislav Bucifal Introduction The General Electric Company (GE) is widely regarded as one of the world’s most successful corporations of the 20th century. This paper aims to critically analyse the corporate strategy of GE during the period from 1981 to present under the leadership of two very different but equally influential CEOs—Jack Welch and Jeff Immelt. The essay is organised in four