Globalization Influence on General Electric Research Paper - 5

Globalization Influence on General Electric - Research Paper Example Ideally, GE relies on its engineers and research scientists for continued growth and given that these people are from different backgrounds, then this brings about cultural differences. Due to these cultural differences, then these experts need to be managed in a different manner. However, the management at GE feels that their well-established processes are capable of adopting all these people and make sure that they fit into the organization’s processes and hence ensure that it has continued success. However, this has not been the case and the company’s shares have been plummeting since the exit of Jack Welch, the company’s former CEO who was credited with introducing numerous management practices that insured success for the organization (Hill, 2010). Since the exit of Welch, the company has tried to come with a one fit all strategy to handle its staff. With the business environment becoming more complex in the United States, GE has been forced to turn to China where there is a guarantee of constant business for the conglomerate. However, this has not borne many fruits since the management did not try to come up with new management practices but rather adopted its traditional way of doing business in America. This was not actually what the management expected (Morrison, 2012). In order to deal with the arising changes in its Chinese firm, GE sacked all the expatriate managers since it felt like they were not performing. Naturally, when GE replaced the expatriate executives, the new ones that they exported also failed to deliver the expected results and it took so long for the company to get on its own feet. However, the Chinese firm has not been successful and in the next few years after inception, it experienced numerous unwarranted expenses that drove up the operating cost significantly.

Social Groups Essay Example | Topics and Well Written Essays - 500 words

Social Groups - Essay Example In European countries it seems that more emphasis is placed on the enjoyment of life, and not necessarily an enjoyment of money. In America it is often believed that fun and enjoyment cannot be had without spending money, whereas in Europe citizens learn to enjoy the simpler aspects of life and pleasures that come free of cost. The main difference between the work ethics of Americans and Europeans is that the United States is a more capitalistic society. 1.) "Capitalism is a system of wage based labor and commodity production for sale, exchange, and profit rather than for immediate use of the producers" (Scott). In the United States, citizens feel that they have to work in order to enjoy life. They hold the philosophy that one must work in order to receive. Americans believe that everyone is out for themselves and that if one wants to improve their quality of life they must work for it. 2.) While the United States work ethic is definitely money oriented, it is not purely capitalistic. 4.) The United States government has adapted some practices with a socialist background and applied them to the American way of life. Examples of these practices can be seen in free education for all, free healthcare for those that qualify, free food and food stamps for those that are in need, etc. In Europe, many citizens enjoy a more relaxed work schedule with longer weekends and more vacati