Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
General Electric company-2
Companies and corporations

General Electric: business history from foundation to the present

10.04.2022
2 min read

What innovative ideas General Electric has given to the world

The personality of Thomas Edison is known all over the world. He is the ingenious inventor who gave mankind the incandescent light bulb. His company General Electric was advanced for its time and made a huge contribution to the development of electricity.
The history of the company began in 1878, when Edison founded a firm to produce an incandescent light bulb, a short time later introducing the dynamo. Business was going well, and the business was expanding, with a new range of products. The company’s direct competitor was Thomson-Houston Electric, which strengthened its position through the takeover of smaller firms. In 1892, there was a merger of companies, and that’s how General Electric was born. The corporation developed innovative products, took part in large-scale projects, such as building the largest electric locomotives and transformers. In 1896 it was listed in the Dow Jones index, which only appeared on the stock exchange. And of all the industrial giants of the time, only General Electric managed to keep its place there until now.
In 1900, the company opened a research unit where many revolutionary solutions were developed. Later it became the largest laboratory of its kind that was privately owned. It was here that the electric-powered ship was created, which was produced specifically for the U.S. Navy, as well as the first refrigerator for home use.General Electric companyThe 1920s were a new stage of development for GE and were marked by the production of televisions and radios. Entering a new media sphere, the company began to actively pursue new niches. In 1922, it launched its own radio channel, and after a while it bought a plastics factory, which was an important part of the production of televisions and equipment for the broadcasting industry.
During the war, the corporation was engaged in the manufacture of engines for jet fighters, and in the 1950s computers were assembled at its facilities.
General Electric also conquered the home appliance market. It produced microwave ovens and clothes dryers. The company collaborated with national administrations and took part in developing satellites for meteorology. In 1969, GE was part of the team that organized the landing of a spaceship on the surface of the moon.
The company employed some of the great minds of the science world, including physicist Ivar Jiver. In 1973, he won the Nobel Prize. It should be noted that despite large-scale projects and the creation of a computed tomography scanner, the main focus of GE remained household appliances and the manufacture of light bulbs.
From its founding and to this day, General Electric remains one of the largest innovative companies. It has a presence in more than 10 segments and operates in 100 countries.

Tags: Companies and corporations
0
Previous Post Cybersecurity in 2022: relevance of the problem for business Next Post Jewish American businessman: Leonid Blavatnik

You Might Also Like

PNC Financial Services Group
Companies and corporations
Financial Corporation PNC Financial Services Group
24.02.2021
Cargill company-2
Companies and corporations
How the agricultural company Cargill came into being: the history of its founding
01.03.2022
Delta Air Lines largest airlines
Companies and corporations
Delta Air Lines: one of the largest airlines in the world
23.12.2022
Google
Companies and corporations
Interesting facts about Google Corporation
31.12.2022
koenigsegg
Companies and corporations
Koenigsegg is a Swedish sports car manufacturer
11.12.2021
DowDuPont
Companies and corporations
DowDuPont Corporation: from gunpowder production to industrial safety solutions
11.10.2022

Recent Posts

  • 1Mary Erdoes
    Mary Erdoes: the most powerful woman on Wall Street
    02.06.2023
  • 2Pilatus Aircraft
    Pilatus Aircraft: the history of the Swiss aircraft manufacturer
    01.06.2023
  • 3investment triangle to select a particular asset
    Investment triangle: how to choose the best asset for investment
    31.05.2023
  • 4Nissan and Renault
    Nissan and Renault invest $600 million in a joint venture
    30.05.2023
  • 5Noventiq
    Noventiq plans to float on the Nasdaq exchange
    29.05.2023

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Saudi Arabia plans to increase investment in Pakistan’s economy

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Mary Erdoes
Mary Erdoes: the most powerful woman on Wall Street
02.06.2023
Pilatus Aircraft
Pilatus Aircraft: the history of the Swiss aircraft manufacturer
01.06.2023
investment triangle to select a particular asset
Investment triangle: how to choose the best asset for investment
31.05.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Saudi Arabia plans to increase investment in Pakistan’s economy
  • Eni will develop gas fields in Libya
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics