BGN Entrepreneur

In 2012, the industrial and finance group–General Electric, is sticking with its prediction of double-digit operating earnings growth despite an expected recession in Europe as well as falling prices for some of its products like wind and gas turbines.
According to GE’s chief financial officer–Keith Sherin, it is said that the company would cut costs via more effective sourcing and the use of lean production techniques to raise margins on the industrial side of the group. The company was also cutting back at some of its health care, finance and energy businesses in Europe, and merging back offices, in preparation for an economic recession in the region.

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