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Caroline BIROS, Hanane EL JAMALI, Willy MARMUSE, Nicolas PETIT, François PITTET, Thomas ROMEYER HEC MS Management de Gra PowerPoint Presentation
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Caroline BIROS, Hanane EL JAMALI, Willy MARMUSE, Nicolas PETIT, François PITTET, Thomas ROMEYER HEC MS Management de Gra

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Caroline BIROS, Hanane EL JAMALI, Willy MARMUSE, Nicolas PETIT, François PITTET, Thomas ROMEYER HEC MS Management de Gra

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  1. General Electric Medical systems Caroline BIROS, Hanane EL JAMALI, Willy MARMUSE, Nicolas PETIT, François PITTET, Thomas ROMEYER HEC MS Management de Grands Projet France's attractiveness

  2. General Electric Presentation • Born in 1892 from the merger of Edison General Electric company and Thomson-Houston company • 300.000 employees in more than 100 countries • Turnover 2001:125.9 billions USD • Profits 2001: 14,1 billions USD

  3. General Electric Presentation • 13 businesses in 3 types of product: • long cycle life (40% of profits : infrastructure technology and services: aircraft engines, medical systems…) • Short cycle life (20% of the profits: Industrial systems, consumer products, specialty materials…) • Financial services (40% of profits: commercial finance, consumer finance, insurance…)

  4. GE Medical system • Turnover 2001: 9 billions USD • Leader in diagnostic and interventional medical imaging, in formation and services technology • Products: X-ray, Functional imaging, radiology, cardiology, obstetrics… • Centres of excellence: located in the Americas, Europe, Asia (more than 40 manufacturing facilities)

  5. France & GE Medical system : History • Commercialisation of US products • GE + Airbus • Airbus + Air France • SNECMA + GE 1960 1970

  6. France & GE Medical system: History • Thomson GE CGR RCA 1980 1990 • GEMS GE-CGR europeen • Headquarter Headquarter • London Issy les moulineaux

  7. France & GE medical systems : Today 2000 2002 • Issy les moulineaux Buc • Opportunity: 15 Ha • Excellence + Technology concentration • The headquarter • European (Europe, the Middle East, Africa) • International (Asia, Australia)  • Global efficiency + Management skills

  8. French characteristics: Opportunities • French administration Possibility of state mobilisation for high interest projects (infrastructures, authorizations, …) • Infrastructures Logistic + Telecom network • U.E. + Euros (VS England) Strategic economic position

  9. French characteristics: Opportunities • Localization in Europe Central position in the European continent • Efficient Management Skills of managers • Well trained Workforce Good qualification

  10. French characteristics: Opportunities • Good abilities to strategic change / flexibility Despite bad French image (strikes, 35h, …), government + population are able to be very reactive when needed. • Capability in high + new technologies Modern development of technologies / sciences • Quality of life Manager appreciate life in France

  11. French characteristics: Threats • Disastrous international image 35H, RTT, strikes,.etc media aspect: French social change = a mess • Cultural gaps between Firms / French people Problem of economical opening : Cultural misunderstanding of industry interests and development • Union Action Political engaged Not enough oriented to a common employer-employee interest

  12. French characteristics: Threats • Facility / Taxes / Costs of benefits Complex, high, non uniformed, … Not motivating • Administrative Relation Daily heavy management at mid-low level

  13. Suggestion of improvements: Get out from this “anti-enterprise spirit” image • Communicate on facts / realization. • Put the stress on French state implications + efforts. • Reduce the social fracture between companies and employees • Reconcile population with  « enterprise » • Educate/train workforce to industry needs • Encourage initiatives such as « invest in France » agency

  14. Conclusion:comparison between GE’s criteria and others companies Criteria’s rank Opportunities Strategic Threats Logistics Infrastructures Social environment Telecom Infrastructures 1 - 6 Flexibility/ work law Internal Market Monetary stability Administration Localization in Europe Work force quality Taxation burdens Quality of life 7 - 12 Local centres of excellence Salary cost Critical handicap Subventions 13 -17 Expatriates Taxation Source: Ernst & Young, France je t’aime… moi non plus Stockoptions Taxation Financial place < 10% 10 - 25% > 40% Average satisfaction rate

  15. Conclusion:comparison between GE’s criteria and others companies GE criteria’s rank Opportunities Strategic Threats Internal market « French image » Localization in Europe 1 - 6 Social environment Infrastructures National administration Quality of management Taxation burdens Work force Quality Local administration 7 - 12 Euro zone Local centre of excellence Flexibility/ Work law Quality of life Subventions Critical handicap 13 -17 Expatriates Taxation Source: Ernst & Young, France je t’aime… moi non plus, used with GE’s information. Stockoptions Taxation Financial place < 10% 10 - 25% > 40% Satisfaction rate

  16. Thanks We would like to thank: • Francis BAILLY, National Executive GE France • Sébastien DUCHAMP, GEMS International Corporate Communication Manager

  17. Any Questions ?

  18. Thank you for your attention