General Electric's (GE) just-released 2005 Annual Report is now available on the company's Web site. The annual report, entitled "Go Big," reviews GE's 2005 performance and provides an overview on the company's three strategic priorities for sustained performance in 2006. The company announced revenue growth of 8.8% for 2005. The company's renewable energy portfolio outperformed the overall operations with revenue growth to over $3 billion, up almost 15% over 2004.
"Great companies want to grow and become big. GE is a big company that uses its size as a platform to be great and drive future growth," writes GE Chairman and CEO Jeff Immelt in his letter to stakeholders. "Sustaining our performance requires superior execution around the three imperatives of size: sustain a strong portfolio of leadership businesses, drive common initiatives that expand performance, and develop people to grow a common culture that is adaptive, ethical and drives execution."
The report features a series of chapters that focus on GE's key stakeholders and initiatives, including investors, customers, employees, developing markets and outreach and articulates how GE's size delivers value for all of these constituencies.
"Our depth allows us to lead in big markets by providing unmatched solutions for our customers; our breadth allows us to spread concepts across the Company, leveraging one small idea to create a big financial gain; and our strength allows us to take the risks required to grow," writes Immelt in his letter to stakeholders. "The next few years should be good ones for your Company. We are well positioned for accelerating growth, expanding returns and strategic success."
