GB 590 Corporate Social Responsibility Dr. Mary Dereshiwsky John McGonegal March 26, 2012

General Electric

Industry  “From jet engines to power generation, financial services to plastics, and medical imaging to news and information, GE people worldwide are dedicated to turning imaginative ideas into leading products and services that help solve some of the world’s toughest problems.”

Industry  General Electric (GE), works to turn imaginative ideas into leading edge products.  “GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges.” (General Electric 2010 citizenship report).  GE is a part of the advanced technology industry that works to make our lives easier.

Stakeholders Issues  ENERGY AND CLIMATE  FINANCIAL VOLATILITY  STRUGGLING CITIES  RESOURCE DEPLETION  CONFLICT AND CORRUPTION  WATER SCARCITY  SKILLS GAP  CHRONIC DISEASE  UNEVEN ECONOMIC DEVELOPMENT

Stakeholders Concerns  Responsible supply chain management.  Global equity.  Sustainable growth.  Environment  Human rights.  Citizenship efforts.  (Gecitizenship.com).

Responsible Supply Chain Management  Stakeholders are concerned that the corporations are responsible in their supply chain management.  Stakeholders want to make sure that the corporations are not wasting resources, but utilizing only what is necessary.

Global Equity  Stakeholders have concerns that the corporations are working to promote global equity.  There are many undeveloped countries that these corporations are working with to help improve their livelihood, for example in medical care or power generation.

Environment  Stakeholders also have concerns on how these corporations impact the environment.  Corporations are trying to use more fuel efficient means of power generation.  Corporations are also using fuels that have a considerably less impact on the environment.  Corporations are also working with cleaner more efficient fuels.

Human Rights  Stakeholders are also concerned that the corporations are also promoting human rights in the countries that have been targeted for help.  Corporations should promote human equality in all countries that have been impacted by the corporations.

Citizenship Efforts  There are concerns that the corporations are not working with the communities to help improve the communities.  Corporations need to help the communities with areas such as using more efficient and cleaner fuels, more efficient power generation and even medical technology.  Help to make the public’s life easier.

Economic  Stakeholders have concerns that the advanced technology corporations are making a positive impact on their communities.  The corporations are providing alternatives that save the public money and provide them ways to be more cost efficient in their everyday lives.

Advanced Technologies Industries  Appliances  Aviation  Consumer products  Electrical Distribution  Energy  Finance-Business  Finance-Consumer  HealthCare

Industries continued  Lighting  Oil and gas  Rail  Software and services  Water

General Electric  General Electric believes in doing their best to improve the world’s life.  GE works hard to solve the world’s needs.  GE is dedicated to being a good citizen to all countries in the world.

Mission Statement  GE does not actually have a mission statement.  GE has four core values that they believe in:  1. Imagine  2. Solve  3. Build  4. Lead

Mission Statement  GE wants to be known as an innovator of new products.  GE wants to take their innovation and build the products to improve the quality of life.  GE wants to be able to solve societies problems through innovation.  GE wants to be a leader, that is what makes a company successful. GE does not want to be a follower.

General Electric Overview  General Electric is a well known innovator of new technology.  GE technology is used in many different ways.  GE has products that are used in commercial as well as residential environments.  GE has products in almost every household as well as a large segment of businesses.  GE wants to make life easier for people all over the world.

Reference  Csrglobe.com. General Electric. Retrieved from: e.html e.html  Socialfunds.com. (2010). Sustainable growth. GE 2010 citizenship report. Retrieved from: _GE_2010_citizenship_report.pdf

Reference  Ge.com. (2011). GE products. Retrieved from: irectory/by_product.html  Gecitizenship.com. (2010). About citizenship. Retrieved from: citizenship/our-approach/stakeholders/ citizenship/our-approach/stakeholders/

General Electric