GEC vs. Hitachi

Attribute	GEC	Hitachi
Founded	1896	1910
Industry	Various	Electronics, Industrial Machinery
Headquarters	Various locations	Tokyo, Japan
Revenue	$30 billion	$80 billion
Employees	100,000+	300,000+

History

General Electric Company (GEC) was founded in 1892 by Thomas Edison, Charles A. Coffin, Elihu Thomson, and Edwin J. Houston. It started as an electric company and has since grown into a multinational conglomerate with interests in various industries such as aviation, healthcare, and renewable energy. Hitachi, on the other hand, was founded in 1910 by Namihei Odaira in Japan. It started as an electrical repair shop and has expanded to become one of the largest conglomerates in Japan, with operations in sectors like information technology, construction machinery, and automotive systems.

Global Presence

GEC has a strong global presence with operations in over 180 countries. It has a significant presence in the United States, Europe, and Asia. Hitachi, on the other hand, has a strong presence in Asia, particularly in Japan, where it is headquartered. It also has operations in North America, Europe, and other parts of the world. Both companies have a wide reach and are recognized as global leaders in their respective industries.

Revenue and Market Cap

GEC has a higher revenue and market capitalization compared to Hitachi. In 2020, GEC reported a revenue of $79.6 billion and a market capitalization of $92.3 billion. Hitachi, on the other hand, reported a revenue of $81.3 billion and a market capitalization of $38.9 billion. Despite having a higher revenue, GEC's market capitalization is lower than Hitachi's, indicating that investors may perceive Hitachi as a more valuable company.

Industry Focus

GEC has a diverse portfolio of businesses, ranging from aviation to healthcare to renewable energy. It is known for its innovation and cutting-edge technology in various industries. Hitachi, on the other hand, has a focus on information technology, construction machinery, and automotive systems. It is a leader in these sectors and has a strong reputation for quality and reliability. Both companies have a strong presence in their respective industries and are known for their expertise and innovation.

Research and Development

Both GEC and Hitachi invest heavily in research and development to drive innovation and stay ahead of the competition. GEC has research centers around the world where it develops new technologies and products. Hitachi, on the other hand, has a strong focus on research and development in Japan, where it collaborates with universities and research institutions to develop cutting-edge technologies. Both companies have a strong commitment to innovation and invest significant resources in research and development.

Corporate Culture

GEC is known for its corporate culture of innovation and entrepreneurship. It encourages employees to think outside the box and come up with creative solutions to problems. Hitachi, on the other hand, has a corporate culture that values teamwork and collaboration. It emphasizes the importance of working together to achieve common goals and objectives. Both companies have strong corporate cultures that have contributed to their success and reputation in the industry.

Environmental and Social Responsibility

Both GEC and Hitachi have a strong commitment to environmental and social responsibility. GEC has initiatives to reduce its carbon footprint and promote sustainability in its operations. Hitachi, on the other hand, has a focus on social innovation to address global challenges such as climate change and poverty. Both companies have received recognition for their efforts in sustainability and corporate social responsibility.

Conclusion

In conclusion, GEC and Hitachi are two global conglomerates with a strong presence in various industries. While GEC has a longer history and a more diverse portfolio of businesses, Hitachi has a strong focus on information technology, construction machinery, and automotive systems. Both companies have a commitment to innovation, research and development, and corporate social responsibility. Ultimately, both GEC and Hitachi are leaders in their respective industries and continue to drive innovation and growth in the global market.