Michael Port (2008) claims “Designing the business architecture is an ongoing process that the business is never complete, just as people are never complete. We are all a work in progress.” According to the above descriptions, the framework is helpful and beneficial for GE through PESTEL analysis we can realise market. If we would add SWOT and Porter’s Five Forces models into the analysis, it would make the framework perfectly to look deeply into the business strategy. (Kotle, 1998) At the mean time, the analysis that are predicting the future and some business plans might be wrong because we are human, but they are momentous to run a business due to they have had helped us to find changes in assumptions and accidental results in the situation of the strategy.
Strategy development and the connection between strategy and operations stay varied and incomplete. Regarding of having comprehensive and integrated management systems, people play important role of performance, therefore execution is essential to help firms overcome the difficulties. General Electric has been striving hard to train management and future leaders on the various aspects of its business that allow leaders to look across the company and identify future trend. HRM factors depend on job properties and managers’ requisites to create each kind of applications. Motivation have been implemented and gained the compliments from the majority of enterprises. The success scheme achieve is well-known resulted from that they have executed these systems relatively earlier than other businesses.
Globalization has its pros and cons. Exposure to global economy; societies have prospered the world and enjoyed its benefits. However economy slowdown would affect GE, since between 40% and 50% of the revenue is ...