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Always room for improvement

Article Abstract:

General Electric (GE) is the most respected company in the world. It is on top of Fortune's list of most admired companies for the second year in 1998 as determined by directors and stock analysts and is also given the same recognition by the Financial Times, which surveyed 600 CEOs. The man most responsible for this stellar performance is chairman Jack Welch, who reorganized the company in the 1980s by dropping unprofitable businesses, acquiring strategically relevant companies, and reduced staff. Managers are required to demonstrate what Welch terms as the 'four Es.' They are energy, the ability to energize others, edge or the capacity to make tough decisions, and execute or the capacity to transform vision into outcomes. Welch also emphasizes the importance of reacting quickly to shifting events and environments, and thus refuses to engage in long-term planning. The focus of the company are on globalization, services and quality control.

Diversified Companies, Management, Conglomerate corporations, General Electric Co., GE

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Flying without wires

Article Abstract:

Canadian firm Clearnet Communications promises to become one of the leading players in the international communications market with the launching of its new phone network in 1997. The young company, together with Motorola, developed the MiKE handset, the world's first mobile phone that also serves as a pager and a dispatch radio. The handset is currently priced at C$1,000, which is 10 times higher than an ordinary mobile phone. However, its great advantage over the ordinary mobile phone is that it not only functions as a pager and dispatch radio, but can also receive and store faxes. Since the technology is new and is not yet generally understood, Clearnet is limiting the market for MiKE to the business community for the time being. It hopes to attract more consumer attention in the future.

Radio & TV communications equipment, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Cellular Mobile Tel Equip, Innovations, Product information, Cellular telephones, Wireless telephones, Cellular telephone services industry, Cellular telephone services, Cellular telephone equipment industry, Company Profile, TELUS Mobility

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