Archives for : July 2011

Next Stop: Hungaroring

GE travels in the fast lane thanks to its sponsorship of the Team Lotus Formula 1 racing team. The recent deal puts our well-known monogram right on the sleek, single seat, open wheel race cars as they whip through the F1 Grand Prix courses at speeds approaching 200 mph. Jarno Trulli and Heikki Kovalainen will be racing under the GE logo for the third time in this season.

Water Is the New Oil

According to some futurologists, in several decades from now water will be traded on stock exchanges, as oil and other commodities are today. Water demand is expected to exceed supply by 470 trillion gallons within 10 years, and the United Nations predicts that two-thirds of the world's population will face water scarcity issues by 2025. Is this a realistic perspective or are we panicking too soon? GE has the biggest global mobile water solution fleet – available on site anywhere in the world in 48 hrs, 24/7, 365 days per year.

Alkotás Point, Budapest, Hungary

LED the Way

Have you ever wondered where new lighting technologies are coming from? GE Lighting’s Global Technology Center is located in three cities: Cleveland, Ohio; Shanghai, China; having its main office in Budapest, Hungary. Approximately 300 engineers work here on developing the light sources of the future.

GE Can Grow as CEE Grows

The global economy is recovering but remains volatile as we are witnessing at present in the Eurozone. In such times leaders with a vision are in high demand to help others to adapt to change. During his recent visit to CEE, Jeff Immelt GE President & CEO shared his lessons learnt from the global financial crisis. Ferdinando (Nani) Beccalli-Falco, President & CEO GE Europe is also talking about the growth potential of this part of the world in a video message.

Rendezvous with History

Along with 40 colleagues and partners of our company we attended a series of Reagan Centennial events in the region. Our colleague Rita Vincze from GE Healthcare and Leslaw Kuzaj, our regional CEO, were invited to address local and U.S. dignitaries in Hungary and in the Czech Republic. I was there, both in Budapest and Prague.

If you want to go fast, go alone, if you want to go far, create a team!

The above is only one of the takeaways from the “Day at GE” organized for the 32 students selected from Hungary, the Czech Republic, Poland and Romania to join the GE Foundation Scholar-Leaders Program in 2011. It was inspirational for me to have an interactive session on energy with these bright students, who will become the future leaders of CEE, joining a network of the almost 400 students who already took part on this program from these countries.