GE CEO Says He Studies Corporate Rivals

The transcript discusses GE's perspective on its competitors, including Siemens and various Chinese and Indian conglomerates. It highlights GE's strategy of maintaining a broad company structure and focusing on diversity rather than merging with similar-sized companies. The discussion also touches on the global market, comparing GE's approach to that of emerging conglomerates in China and India, and the importance of being proficient in all areas to drive consolidation.

Which companies does GE consider as its main competitors?

• Only Siemens

• Only local competitors

• Chinese state-owned enterprises and Indian conglomerates

• Only tech companies

What is GE's approach towards mergers and acquisitions?

• GE prefers to merge with companies of similar size

• GE focuses on maintaining diversity and breadth

• GE aims to acquire smaller companies

• GE avoids any form of acquisition

How does GE view the concept of diversity within its business strategy?

• As a strength that contributes to value creation

• As a weakness that needs to be addressed

• As irrelevant to its business model

• As a temporary strategy

What advantage do emerging market conglomerates have according to the speaker?

• Access to international markets

• A strong home market to build upon

• Advanced technology

• Lower production costs

What is necessary for companies to succeed in today's market according to the speaker?

• Focusing solely on cost reduction

• Expanding rapidly without strategic planning

• Being good at a few select areas

• Being proficient in all areas of operation