GE 2014 Annual Report Download - page 33

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Industrial SG&A expenses as a percentage of sales
2012 17.5%
2013 15.9%
2014 14.0%
“We are driving innovation & creativity by leveraging technology
across product platforms.”
GLOBAL RESEARCH
CULTURE & SIMPLIFICATION
Mark Little
SVP, Chief Technology Offi cer
~40%
of Industrial
functions
6
global
functions
6,000
Shared Services
employees
LEADERSHIPSHARED SERVICES
Shane Fitzsimons
SVP, Global Operations
“We are centralizing support services to work smarter &
more effi ciently for sustainable growth.”
Susan Peters
SVP, Human Resources
“GE’s culture of leadership is one of our greatest innovations.”
$1B invested in employee development each year
OUR GLOBAL LEADERSHIP INSTITUTE
Crotonville is at the forefront of thinking in leadership, culture,
strategy & innovation. Some of GE’s best-known initiatives — Lean
Six Sigma, WorkOut, Simplifi cation & FastWorks — took shape here.
2014 PROGRESS: RISING HIGHER
GE Is the World’s Best Company for Global Leaders
#1 GE ranked #1 in the world on the Aon Hewitt Top
Companies for Leaders list.
Building Top Talent & a Continuous Learning
Culture Worldwide
40,000
participants 37
countries 188
locations 2,100
sessions
GLOBAL OPERATIONS SNAPSHOT
Accelerating the establishment of Shared Services to deliver better
outcomes at lower cost for our businesses & customers
Our Global Research Centers
Niskayuna, USA Rio de Janeiro, Brazil Shanghai, China San Ramon, USA
Tirat Carmel, Israel Bangalore, India Munich, Germany Oklahoma City, USA
SHARING TECHNOLOGY ACROSS BUSINESSES
Carbon fi ber–reinforced composites
Industrial inspection technologies
Medical imaging modalities (X-ray, CT & ultrasound)
What’s an Example of Technology Sharing?
Global Research is using carbon fi ber–reinforced composites —
originally developed for fan blades in Aviation’s GE9X aircraft
engine — to drive advanced applications across other GE
businesses. Power & Water now uses this technology in wind
blades, Oil & Gas in offshore drilling impellers & riser pipes, &
Healthcare in MRI systems.
R&D SPEND
See How We Allocate Your Capital on page 15 for information
on our historical R&D spend.
GE 2014 FORM 10-K 13