'India To Play Key Role In GE's Operation Disruption'

EconomicTimes ^ | September 30, 2009 | Vinod Mahanta

[khnyny]

The ninth chairman and CEO of General Electric, Jeffrey Immelt , has upended the traditional innovation model. Among his radical ideas to fire up the $183-billion conglomerate are putting India and China at the centre of a management model that talks of developing products in emerging markets and distributing them globally. In an e-mail interview with ET , Immelt discusses the idea and GE’s India plans. Excerpts:

You are expected to make some announcements regarding investments and joint ventures in India. Can you give us some details?

India represents one of the significant growth markets for GE globally and we are continuously looking at significant investments and partnerships to consolidate our position in the market.

GE is talking of testing a new management model in India. What’s it all about?

The most recent edition of the Harvard Business Review published an article entitled ‘How GE is disrupting itself’. In this article, I discussed the need for us to re-think the traditional model of developing high-end products in developed markets and selling these around the world. In today’s ‘Reset’ world, GE needs to have more products at more price points.

We need to be looking to design and engineer products in India that meet the needs of the Indian market, and then look for opportunities to sell these products in other markets. A couple of good examples, like a $1,000 handheld electrocardiogram device and a portable, PC-based ultrasound machine that sells for as little as $15,000, are revolutionary, and not just because of their small size and low price.

[khnyny]

"Many of the emerging markets have maintained positive GDPs through the crisis and are showing early signs of returning to higher growth rates at an earlier stage. The future growth of our company will be driven by the growth in economies like Brazil, Russia, India and China."

[khnyny]

Jeffrey Immelt is on Obama’s Economic Recovery Advisory Board. It would be interesting to know how many jobs have been eliminated and created by GE in the US just in the last twelve months, let alone since the mid 1980’s.

Here’s a hint - the jobs which have been eliminated far exceed those that have been created. Who is Mr. Immelt trying to help? Really?

[justapicker]

Immelt is starting to look like a real-life Goldfinger from a James Bond movie, but its really happening. GE, Goldman and Soros own Obama. They are selling out the world.

http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Obama-helps-strengthen-General-Electric-Putin-ties-59644627.html

And all set to cash in on the green hoax while denying America’s viable energy industry the opportunity to creat e REAL JOBS:

http://www.washingtonexaminer.com/politics/Obamas-hidden-bailout-of-General-Electric_03_04-40686707.html

[khnyny]

Thanks for the links. Yes, I knew about Obama helping Immelt get his special deal in Russia.

I wonder how many benefits GE receives courtesy of the US government.

[2banana]

GE - the largest receiver of TARP money. Now using that money to fund Indian jobs...

[khnyny]

I thought AIG is the biggest recipient of TARP money. I don’t believe GE got any TARP. Have a link?

I do know that GE has been shutting plants down left and right in the US, however.