Two decades ago, General Electric was the world’s most valuable company. More recently, the company has dealt with the ramifications of overdiversification, global shifts within some of their markets, and two recessions (2008-9, and the global recession caused by COVID-19.)
To meet these challenges, GE has sold a number of its divisions, made changes to leadership, and changed some of its corporate structure. This has included divesting themselves of their iconic lighting division that inspired their most famous advertising phrase (GE: We bring good things to light) and turning their healthcare branch into its own independently run business.
Now the company is leaner and more focused. Its primary divisions are aviation, power, and, quite notably, renewable energy. While GE’s renewable division reported a significant loss for 2019, the company is spending heavily on offshore wind development. The company is currently one of the largest suppliers of onshore wind turbines in the world and hopes to increase its reach into offshore wind as more projects move into that part of the globe.
Additionally, the company still maintains other divisions, as shown below.
These graphics are accurate as of November 2020. High-quality downloads are available after every panel; we are happy for you to use these as you like, with attribution to Turbine Industrial.
A chart of GE’s Organizational structure from 2012 is available here if you’re interested in seeing how much the company has changed in that time.
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