MGT 556

1. What is the name of GE's initiative focused on driving innovation and sustainability?

• Ecomagination

• Technovation

• Innovage

• Sustainovation

Who succeeded Jack Welch as the CEO of General Electric?

• Thomas Edison

• Jeff Immelt

• Steve Jobs

• Bill Gates

Which strategic shift did GE make under CEO Jeff Immelt's leadership?

• Focusing solely on traditional manufacturing

• Expanding into the entertainment industry

• Prioritizing technology, innovation, and sustainability

• Abandoning its global presence

Name one of the key areas of focus under GE's Ecomagination initiative

• Automotive manufacturing

• Clean technology and renewable energy

• Fast food industry

• Space exploration

Which renewable energy company did GE acquire in 2015?

• Tesla

• SunEdison

• Alstom's Energy Business

• Vestas Wind Systems

What is the concept behind GE's "Blue Ocean Strategy"?

• Creating uncontested market space through innovation

• Dominating existing market segments

• Investing heavily in traditional industries

• Avoiding competition altogether

Which CEO famously led GE through a period of significant digital transformation?

• Jack Welch

• Jeff Immelt

• Elon Musk

• Tim Cook

What is the significance of GE's partnerships with startups in the context of innovation?

• Accessing new technologies and driving growth

• Maintaining status quo

• Avoiding risks associated with innovation

• Reducing competitiveness

Name one of the challenges faced by GE during its Imagination Breakthrough era.

• Economic downturn and financial crisis of 2008

• Rapid growth and expansion

• Overabundance of resources

• Lack of competition

Which industry sectors did GE prioritize for growth during this period?

• Retail and fashion

• Healthcare, energy, aviation, and transportation

• Agriculture and farming

• Hospitality and tourism