Digital Transformation at GE What Went Wrong Robert D Austin Genevieve Pelow 2019
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Digital transformation has been a buzzword of recent times. Everyone seems to be talking about digital transformation in their companies, in their industries and even at large organizations. The idea is simple but it’s about the transformation of an organization that is digitized. A digital organization would be more adaptable, innovative, customer centric and profitable than a traditional one. The digital transformation at GE has been one of the most significant challenges faced by a large corporation in its history. In 2008, GE had a strategy called GE
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“Digital Transformation at GE What Went Wrong” in 2019 for a course “Digital Strategy” at London Business School. This section is the conclusion of the entire analysis, but we do not analyze a lot of company data, which makes it difficult to analyze and interpret. For such a complex process, the only available data in the form of statistics and figures is an average of the industry’s transformation, which we present as an average of all GE’s subsidiaries. In 2016, GE took the leadership position on
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“The world is transforming at breakneck speed, with Digital Transformation at the forefront. In the case study I wrote for my masters’ dissertation, I highlighted how Digital Transformation at GE was a disaster.” I knew that my case study would be the last word on the subject, so I chose to do it as a personal reflection. After all, my case study was a personal experience that shaped my worldview and understanding of Digital Transformation. I began by taking a brief walk down memory lane, recalling my
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At GE, a global company with billions of assets and over one million employees globally, digital transformation is happening rapidly, and that requires a shift in organizational culture and operating model. This plan sets out GE’s strategy for the 2019-2021 transformation journey. Chapter 1: Digital Transformation In 2014, GE started a strategic change program called “Discover” that focused on digitization and digital transformation across its enterprise. One year later, in 201
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I can’t begin to overstate the importance of digital transformation for modern organizations like GE, but it hasn’t always been that way. As recently as a decade ago, GE had a reputation for leading the world’s industrial manufacturing sector in digitization — with a focus on machine-to-machine communication, big data analytics, and the Internet of Things (IoT). Then things began to go south. The global financial crisis of 2008 hit hard, and GE found itself plunged into a deep recession
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The world has gone digital in every aspect of our lives. visit this site We are no longer talking of traditional business models but the digital ones that include web platforms, online stores, mobile apps, social media, and the like. The COVID-19 pandemic has accelerated the adoption of the digital era, causing more than a hundred thousand deaths in China, according to a study by the China Centre for Disease Control and Prevention. The digital transformation in the automotive industry is another area that has experienced digital disruption. The GE case study discusses Digital Trans