Mission Statement, Vision, & Core Values of General Electric Company (GE)

Ever wondered what drives a global industrial giant like , now known as Aerospace, especially after its recent restructuring? How do they aim to 'build, move, power, and cure the world,' and what principles guide their actions?

With a reported $35.1 billion in adjusted revenue for 2024 and projecting low-double-digit adjusted revenue growth, how does Aerospace plan to achieve these ambitious goals, and what values underpin their strategies? Dive in to explore the mission, vision, and core values that shape 's strategic direction and corporate identity.

General Electric Company (GE) An Overview of

General Electric (GE) has a storied history that stretches back over a century, evolving from its origins in electric power to become a diversified industrial giant. Today, it focuses on aviation, a sector where it designs, manufactures, and services aircraft engines, nacelles, and related systems. This includes commercial and military aircraft engines. As of April 2025, GE continues to be a significant player in the aerospace industry, driven by its technological advancements and global presence.

GE's offerings include:

• Commercial Engines: Powering a majority of commercial flights worldwide.
• Military Engines: Providing propulsion systems for various military aircraft.
• Services: Offering maintenance, repair, and overhaul services to ensure the longevity and performance of its engines.

In 2024, GE reported total revenues of $67.8 billion. A significant portion of this revenue came from the Aerospace segment, highlighting its importance to the company's overall financial health.

In the fiscal year 2024, GE showcased a robust financial performance. The company's revenue reached $67.8 billion, with the Aerospace segment contributing significantly. This growth was fueled by increased demand for both commercial and military engines, as well as aftermarket services. GE's focus on innovation and operational excellence has enabled it to capitalize on market opportunities and deliver strong financial results. GE Aerospace is forecasting between $34 billion to $35 billion in revenue for 2025.

General Electric (GE) stands as a leader in the aviation industry, with a legacy of innovation and reliability. Its commitment to pushing the boundaries of aerospace technology has solidified its position as a key player in the global market. To delve deeper into GE's profile and understand the factors driving its success, explore this resource: Exploring General Electric Company (GE) Investor Profile: Who’s Buying and Why?

General Electric Company (GE) Mission Statement

The mission statement of General Electric (GE) is centered around building a world that works. GE aims to tackle the world’s biggest challenges through its innovative technologies and services. This mission reflects a commitment to progress and improving global communities.

GE's mission statement encompasses three core components:

• Tackling Global Challenges: GE focuses on addressing significant global issues such as sustainable energy, healthcare access, and infrastructure development.
• Innovative Technologies: Innovation is at the heart of GE’s approach, driving the development of cutting-edge solutions across various industries.
• Improving Communities: GE is dedicated to making a positive impact on the communities it serves, enhancing quality of life through its products and services.

Analysis of Core Components

Each component of GE's mission statement plays a crucial role in defining the company’s purpose and strategic direction.

Tackling Global Challenges

GE’s commitment to tackling global challenges is evident in its focus on critical sectors. For instance, GE Vernova, a key segment of GE, is dedicated to accelerating the energy transition by providing technologies and services that help reduce carbon emissions and enhance energy efficiency. In 2024, GE Vernova reported significant advancements in renewable energy solutions, contributing to global efforts to combat climate change.

Innovative Technologies

Innovation is a cornerstone of GE’s mission, driving the development of advanced solutions across its business segments. GE Aerospace, for example, invests heavily in research and development to create more fuel-efficient and sustainable aviation technologies. In 2024, GE Aerospace continued to pioneer new engine designs and digital solutions aimed at reducing fuel consumption and emissions, reinforcing its commitment to technological leadership.

Improving Communities

GE is dedicated to improving the communities it serves through various initiatives and projects. GE HealthCare, a leader in medical technology, focuses on enhancing healthcare access and improving patient outcomes. In 2024, GE HealthCare expanded its range of diagnostic imaging and patient monitoring solutions, helping healthcare providers deliver more effective and efficient care to patients worldwide.

These efforts demonstrate GE’s commitment to making a tangible difference in the lives of people around the world, aligning its business objectives with broader societal needs. GE's mission is not just a statement but a guiding principle that shapes its strategic decisions and operational activities.

For more information about GE and its investors, visit: Exploring General Electric Company (GE) Investor Profile: Who’s Buying and Why?

General Electric Company (GE) Vision Statement

A vision statement is a future-oriented declaration of an organization's purpose and aspirations. While General Electric (GE) has undergone significant transformations, including the spin-off of GE Vernova and GE Aerospace, understanding its historical vision and how it has evolved is crucial. This chapter explores the vision, mission, and core values of GE, focusing on its strategic direction and how it adapts to industry changes. As of April 2025, the analysis considers the restructured GE, primarily focusing on GE Aerospace, and references the legacy of GE as a diversified industrial giant.

Historical Context of GE's Vision

Historically, GE's vision was centered on being a global leader in technology, manufacturing, and services. This vision drove GE to become a highly diversified conglomerate, operating in various sectors, including aviation, power, renewable energy, and healthcare. The company's financial performance reflected this ambition, with significant revenue streams across its diverse portfolio. For example, in the fiscal year 2024, GE reported revenues of $76.6 billion. The company’s strategy focused on innovation and market leadership, aiming to provide cutting-edge solutions to its customers worldwide.

GE Aerospace: A Focused Vision

Following the spin-offs, GE Aerospace has emerged as the primary entity carrying forward GE's legacy in aviation. As of April 2025, the vision for GE Aerospace is centered on:

• Leading the future of flight.
• Innovating in aerospace technology.
• Providing world-class engines, systems, and services for commercial and military aircraft.

This focused vision aligns with the current strategic direction, emphasizing technological advancement and market leadership in the aerospace industry. In 2024, GE Aerospace reported $32.9 billion in revenue, highlighting its significance within the restructured GE.

Mission and Core Values

GE's mission and core values complement its vision by providing a framework for how the company operates and achieves its goals. Historically, GE's mission was to solve some of the world’s toughest problems with innovative technology and services. The core values included:

• Integrity
• Customer focus
• Continuous improvement

For GE Aerospace, these values translate into a commitment to safety, quality, and innovation in the aviation sector. The company's focus on integrity ensures ethical business practices, while customer focus drives the development of solutions that meet the evolving needs of the aviation industry. Continuous improvement fosters a culture of innovation and operational excellence.

Adapting to Industry Changes

The spin-off of GE Vernova and GE Healthcare reflects a strategic shift towards more focused business operations. This restructuring allows GE Aerospace to concentrate on its core competencies and capitalize on growth opportunities in the aviation sector. The company's financial strategy includes:

• Investing in research and development to drive technological innovation.
• Optimizing operational efficiency to improve profitability.
• Returning capital to shareholders through dividends and share repurchases.

In 2024, GE Aerospace's orders totaled $36.7 billion, indicating strong demand for its products and services. The company's backlog reached $313.9 billion, providing a solid foundation for future revenue growth.

Financial Performance and Strategic Outlook

GE's financial performance in 2024 underscores its strategic focus and operational improvements. The company reported total revenues of $76.6 billion, with GE Aerospace contributing significantly to this figure. The company's outlook for 2025 and beyond includes:

• Continued growth in the aviation sector, driven by increased demand for air travel and defense spending.
• Expansion of its services business, providing maintenance, repair, and overhaul (MRO) services for aircraft engines and systems.
• Investment in new technologies, such as sustainable aviation fuels and advanced engine designs, to reduce emissions and improve fuel efficiency.

GE Aerospace's strategic priorities align with its vision of leading the future of flight, ensuring its long-term success and value creation for shareholders.

For more insights into GE's investor profile, you can explore: Exploring General Electric Company (GE) Investor Profile: Who’s Buying and Why?

General Electric Company (GE) Core Values

While specific, publicly listed core values for General Electric (GE) as a unified entity are less emphasized following its restructuring, the company's enduring principles and focus areas can be identified through its actions, statements, and the priorities of its spin-off companies. These include safety, integrity, innovation, and a commitment to customers.

Here’s a breakdown reflecting these values:

Safety:

Safety is paramount in GE's operations, especially within its aerospace and energy sectors. This commitment involves:

• Investing in advanced technologies to enhance safety protocols.
• Providing continuous training and resources to employees.
• Adhering to rigorous safety standards across all operations.

For example, GE Aerospace emphasizes safety through its development of advanced engine diagnostics and monitoring systems, aiming to prevent incidents before they occur. In 2024, GE Aerospace invested $1.8 billion in research and development, a significant portion of which was allocated to improving aviation safety technologies.

Integrity:

Integrity is a cornerstone of GE's business conduct, ensuring ethical behavior and compliance across all levels. This includes:

• Maintaining transparency in financial reporting.
• Upholding ethical standards in all business dealings.
• Ensuring compliance with laws and regulations.

In 2024, GE was recognized by Ethisphere as one of the World’s Most Ethical Companies, marking its dedication to integrity and ethical business practices. This recognition reflects GE's robust compliance programs and its commitment to fostering a culture of integrity throughout the organization.

Innovation:

Innovation has always been central to GE's identity, driving technological advancements and solutions across industries. This is demonstrated through:

• Investing heavily in research and development.
• Fostering a culture of creativity and experimentation.
• Developing cutting-edge technologies and solutions.

GE invests significantly in R&D to drive innovation. For instance, GE Healthcare introduced several new imaging technologies in 2024, enhancing diagnostic accuracy and patient care. These innovations contributed to a 7% increase in GE Healthcare's revenue, reaching $19.8 billion for the year.

Customer Focus:

GE prioritizes understanding and meeting customer needs, ensuring satisfaction and building long-term relationships. This involves:

• Providing tailored solutions to meet specific customer requirements.
• Offering exceptional service and support.
• Building strong, collaborative partnerships.

GE Renewable Energy, for example, focuses on providing customized solutions for its clients, offering wind turbines and energy storage systems tailored to specific project needs. In 2024, GE Renewable Energy secured several major contracts, including a $500 million deal to supply turbines for a wind farm in Europe, highlighting its commitment to meeting customer demands with innovative and reliable solutions.

These values collectively guide the strategic direction and operational practices of the former General Electric businesses, now operating as independent entities. Each spin-off continues to build upon these foundational principles to drive success and create value in their respective industries. For more insights into GE's historical context and evolution, explore: General Electric Company (GE): History, Ownership, Mission, How It Works & Makes Money