The paper “ General Electric Company's Core Competencies, Capabilities, and Strategic Options ” is a comprehensive example of the case study on management. This company is considered to be one of the most successful corporations of the 20thcentury. The company applies corporate strategies and core competencies as well as capabilities in its operations. This report aims to critically discuss the company's strategies over the years. The report is organized into three sections; the first discusses the company's core competencies and capabilities. The second section analyses strategic options considered by the company five years from the year 2009.
Lastly, the last section compares and contrasts the management approaches of two chief executive officers of the company from 1981 to 2008; the CEOs are Jeff Imelda and Jack Welch. General Electric Company's Core Competencies and CapabilitiesSome of the most powerful and effective approaches in the global competition are still invisible to many organizations and companies. In the early and late 1980s, the managers applied approaches such as restructuring, delaying, and declutter in their companies. They were judged on their ability to apply these approaches in their organizations in order to gain a competitive advantage.
The approaches or core competencies changed in the early and late 1990s, the top executives applied to cultivate, identification, and exploitation approach to gain competitive advantage. They were judged by their ability to make their companies grow. Nevertheless, the present top executives have to rethink the concept and core competencies of their companies. In the same way, the general electric company has evolved its core competencies and capabilities since its establishment in 1876. The present core competences and its capabilities have propelled the company to be one of the most effective and innovative companies in the world (Henderson & Evans 2000). One of the company's core competences is innovation.
The company has been making innovation since its establishment. The company started by inventing the dynamo in 1876, after this innovation, the centennial would spark over a century of dynamic innovation. Innovation has been the company's most effective and competitive edge.
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