GE CEO Sees ‘Return in Time’ to Normal for Flying, Aviation

The video discusses GE's strategic transformation amid a recession and pandemic, focusing on aviation and healthcare sectors. It highlights the challenges faced, strategic adjustments made, and the future outlook for aviation. The discussion extends to power and renewable energy sectors, considering political and economic factors, including potential impacts of U.S. presidential policies and China's recovery.

What were the main challenges faced by GE during the pandemic?

• Increased competition

• Aviation and healthcare sector difficulties

• Lack of leadership

• Supply chain disruptions

How did GE plan to use the pandemic situation to its advantage?

• By acquiring new companies

• By increasing prices

• By accelerating transformation

• By reducing workforce

What was the expected role of aviation in GE's 2020 strategy before the pandemic?

• To reduce costs

• To lead the way

• To support healthcare

• To focus on maintenance

What financial strategy did GE adopt to manage the pandemic's impact?

• Expanding into new markets

• Increased borrowing

• Raising product prices

• Cost and cash preservation actions

How did the pandemic affect GE's business priorities?

• Focus shifted to new product development

• Increased emphasis on marketing

• Aviation became more important

• Healthcare gained higher priority

What was a significant change in GE's aviation business due to the pandemic?

• Increased production

• Reduction in workforce

• Expansion into new markets

• Focus on new technology

Which segment of GE's power business saw growth during the pandemic?

• Hydro power

• Gas power

• Offshore wind

• Onshore wind

How might political changes impact GE's business?

• Increased taxes

• Stricter regulations

• More decarbonization spending

• Reduced government contracts

What was GE's observation about China's recovery compared to the U.S.?

• The U.S. was ahead in recovery

• Both were recovering at the same pace

• China was ahead in recovery

• China was lagging behind

What lesson can be learned from China's recovery according to GE?

• The importance of a vaccine

• The role of government intervention

• The impact of reduced travel

• The need for public reassurance