What Does General Electric Offer?
GE's business model includes 8 revenue streams:
Aviation: Aviation generates its revenues by designing and producing commercial and military aircraft engines, integrated digital components, electric power and mechanical aircraft systems.
Power: This segment generates revenues by generating power for industrial, government and other customers worldwide with products and services related to energy production and water reuse.
Oil & Gas: GE holds 50.4% consolidated interest in Bakers Hughes, a full stream oilfield technology provider that generates its revenues through four main business segments: Oilfield Services, Oilfield Equipment, Turbomachinery & Processing Solutions and Digital Solutions.
Healthcare: Healthcare derives its revenues by providing essential healthcare technologies to developed and emerging markets and has expertise in medical imaging, patient monitoring and diagnostics, drug discovery, bio-pharmaceutical manufacturing technologies and performance improvement solutions.
Renewable Energy: This segment generates revenues by providing affordable renewable energy to people across the world
GE Capital: GE Capital generates revenues by providing financial products and services to GE’s all other business segments.
Transportation: This segment generates revenues by supplying transport related equipment to the railroad, mining, marine, stationary power and drilling industries.
Lightning: This segment includes GE Lightning business which generates its revenues by providing energy efficiency and productivity solutions for commercial, industrial and municipal customers
Who Are The Clients?
GE is a high-tech industrial company, having products and services ranging from aircraft engines, power generation and oil and gas production equipment to medical imaging, financing and industrial products. GE serves clients in more than 180 countries
What Are The Alternatives?
General Electric's business model faces stiff challenges and competition from offerings by its global competitors such as:
1. Johnson Controls