When people are inspired, driven, engaged they become emissaries of your organisation and, before you know it, their inspiration inspires customers to become engaged, inspired and dedicated emissaries of your brand. One-third of all employees say they have unclear or unknown direction from their leaders.
GE today announced the results of its strategic review. GE will focus on Aviation, Power and Renewable Energy, creating a simpler, stronger, leading high-tech Industrial company.
In addition to the pending combination of its Transportation business with Wabtec, GE plans to separate GE Healthcare into a standalone company, pursue an orderly separation from BHGE over the next two to three years, make its corporate structure leaner and substantially reduce debt.
We are aggressively driving forward as an aviation, power and renewable energy company—three highly complementary businesses poised for future growth.
We will continue to improve our operations and balance sheet as we make GE simpler and stronger.
GE Aviation continues to be a leader in the aviation industry. GE will continue to invest for the future and lead in innovative technologies like additive manufacturing and digital to lead the next wave of industrial productivity. GE is making fundamental changes to how it will run the company.
The new GE Operating System will result in a smaller corporate headquarters focused primarily on strategy, capital allocation, talent and governance. Under the new GE Operating System, most resources and services traditionally held at the headquarters level will be realigned to the businesses.
GE expects to maintain its current quarterly dividend, subject to Board approval, until GE Healthcare is established as an independent entity.
Also at that time, the GE Board expects to adjust the GE dividend with a target dividend policy in line with industrial peers. As an independent global healthcare business, we will have greater flexibility to pursue future growth opportunities, react quickly to changes in the industry and invest in innovation.
Our talented Healthcare team will continue delivering precision health solutions, building on our heritage of technology innovation that delivers patient outcomes.
The business provides medical imaging including contrast agentsmonitoring, biomanufacturing and cell therapy technology, leveraging deep digital, artificial intelligence and data analytics capabilities.
Its products and services are valued by customers in countries around the world. The structure, sequence and timing of these transactions will be determined and announced at a later date, but are expected to be completed over the next 12 to 18 months. GE Healthcare will conduct business as usual throughout this process, continuing to serve its partners and customers.
The separation will provide BHGE with enhanced agility and the ability to focus on leading in the oil and gas industry. In addition, the company is actively exploring options to reduce its insurance exposure.
The change is effective today. He joined the GE Board as an independent director earlier this year. I would like to thank him for his advice and stewardship through a period of significant change for GE. He has been especially helpful over the last year as we have conducted our review of the company and developed our plan to position GE for the future.
I appreciate his clarity, transparency and business-first philosophy, and I believe his leadership will be invaluable to GE as we enter our next chapter.
We will now move forward with purpose to make our company simpler and stronger and accelerate growth across our businesses. The call will begin today at 8: Eastern Time, the content of which is not part of this press release. An archived version of the webcast will be available on the website after the call.
Forward-Looking Statements This document contains "forward-looking statements" - that is, statements related to future, not past, events.
For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements.
We do not undertake to update our forward-looking statements. Non-GAAP Financial Measures In this document, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.
Securities and Exchange Commission rules. There is significant uncertainty on the timing and amount of events that could give rise to items included in the determination of this metric, including the timing of pension funding, proceeds from dispositions, and the impact of interest rates on our pension assets and liabilities.
There is significant uncertainty on the timing and amount of events that could give rise to items included in the determination of this metric, including the timing and magnitude of restructuring activities and the timing of dispositions.A mission statement is a short statement of an organization's purpose, identifying the goal of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation.
It may include a short statement of such fundamental matters as the organization's values or philosophies, a business's main competitive advantages, or a desired. To access the updated Vendor Information Pages(VIP) you must select one of the options available through AccessVA Login: Veteran Small Business Owners: DS Login: Veterans (including Veterans Small Business Owners (Veteran Owned Small Business (VOSB) or Service Disabled Veteran Owned Small Business (SDVOSB) or their business representatives who are also Veterans.
Vision Statement Creation Once you’ve created your mission statement, move on to create your vision statement: 1.
First identify your organization’s mission. A company vision statement is an important part of a business plan's overview. It is one part your dream for your company and another part the path you're laying for your business in the future. Developing strong vision and mission statements can help stakeholders in your school reach such a common understanding.
A vision is your school's goal—where you hope to see it in the future. Best Examples of Company Vision and Mission Statements. Whatever industry your business is in, staying true to your core will guide you to reach your summit.