In Dicta

Saturday, July 16, 2005

General Electric in developing countries

The New York Times Business section has an interesting article on GE's relationship with developing countries. Excerpt:

"Jeffrey R. Immelt, G.E.'s chief executive, is clearly counting on him to get multiple hits, and from multiple countries. For the first time, G.E. has rolled aircraft engines, rail products, water, energy, oil and gas equipment, and even some finance units, into one all-encompassing collection of businesses, aimed at helping developing countries come of age.

"One of the biggest reasons behind creating the infrastructure unit is to offer one-stop shopping to developing countries," Mr. Calhoun said.

In fact, revving up sales in emerging countries has become the overarching goal behind many of the seemingly unconnected changes that Mr. Immelt has made at G.E. lately."

Continue reading here.

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