The Edison Electric Light Company - 1951 Words

GENERAL ELECTRIC Thomas Edison the inventor of the light bulb and many other great inventions founded the Edison Electric Light Company in 1878. His reason for building the company was to have a place where could house all of his experiments in one place and which would also contained a workshop to support the inventions he an eventually other inventors were working on. It is a little known fact that Thomas Edison was not only known to be a great inventor but also a great businessman. In fact a lot of people of his time regarded him as a genius when it came to both aspects of his person. With his accumulation of many businesses and the numerous inventions coming out of the Edison Electric Light Company, Edison decided in 1890 to combine the two aspects of all his workshops and businesses into one company which he named the Edison General Electric Company. Two years later in 1892 Edison merged with his primary competitors to form the General Electric Company. Since its forming th e General Electric Company known as â€Å"GE†, has become one of the world’s most powerful and inventive companies to exist. â€Å"Electric lighting, power transmission, medical equipment, and transportation were all areas in which Edison held patents and had formed small companies, and are all areas in which this conglomerate today has large holdings† (Wisegeek.com, 2015). It still is today the number seventh on Forbes list of the world’s biggest companies (Forbes, 2015). This can beShow MoreRelatedThe General Electric Company : Edison Electric Light Company1037 Words   |  5 Pages The General Electric company, or GE, had it’s beginnings in 1878, when Thomas Edison created his Edison Electric Light Company. Edison created his first publically available electric lamp, and changed the industry forever. By 1890, another company, the Thomson-Houston Company, had started, and created competition with Edison’s company. Being the only two large companies offering electric light, Edison Electric Light and Thomson-Houston had a lot of tension between them. But neither of them couldRead MoreAnalysis of Con Edison by Using Michael Porter`S Five Forces Model1154 Words   |  5 Pages ECONOMIC ANALYSIS FOR MANAGERS ANALYSIS OF CON EDISON BY USING MICHAEL PORTER`S FIVE FORCES MODEL INSTRUCTOR: MINE AYSEN DOYRAN STUDENT: Recep Maz What makes electric utilities (Con Edison) monopolistic and why? Support your answer by referring to AT LEAST 2 FORCES outlined in MICHEAL PORTER’S Five Forces of Analysis Historical facts about Con Edison Company I would like to give breath information which is really too helpfulRead MoreWhat Did Edison Make The Changed And Impacted The World Today?1484 Words   |  6 Pages Thomas Edison Today people are using many conveniences that come from the inventors in 1880 s and 1890 s. And Thomas Edison is one of the famous inventor. So many of Edison s inventions are held in such a high regard that he is considered the greatest inventor of all time. The New York World, in 1901, called Edison Our Greatest Living American, The Foremost Creative and Constructive Mind of This Country, Our True National Genius. Edison was a successful manufacturer and business. What didRead MoreThe Success of Thomas Alva Edison857 Words   |  3 PagesThomas Edison said this when asked about his failure with the light bulb. Thomas Edison is not defined by his success alone; he is also defined by his failures. His first invention, an improved stock ticker, managed to gain him $40,000 before he turned 23. Thomas Edison is one of the most recognized and successful inventors in history. He is best known for â€Å"inventing† the light bulb. However, he didn’t invent it; he improved upon an earlier design. Yet he is remembered because his light bulb workedRead MoreAnalysis Of Thomas Alva Edison s Life1475 Words   |  6 PagesThomas Alva Edison was born February 11, 1847, in Milan Ohio. He was the seventh and last child born to Samuel Edison Jr. and Nancy Elliot Edison. He would be one of the four to survive to adulthood[1]. During the Civil War, Edison learned a lot about the emerging technology of telegraphy. He traveled around the country doing lots of work in this field. Edison began to develop serious hearing loss early in life, in which many believed came from a serious case of scarlet fever or some type of blowRead MoreThomas Alva Edison and His Contribution to the World866 Words   |  4 Pagesthe 19th century, speeding up the manufacturing of products in factories. Inventors began to design practical internal combustion engines; the light bulb, telephone, typewriter, and sewing machine, all of which came of age during the 19th century. Long before all of these great inventions were successful a very important man came into play; Thomas Edison, one of the world’s more respected scientists, was born in Milan, Ohio on February 11, 1847 and died on October 18, 1931 in West Orange, New JerseyRead MoreBusiness Model Of Con Edison1490 Words   |  6 PagesConsolidated Edison is one of the larg est investor-owned energy companies in United States with over $120 billion in annual revenues and $40 billion in assets. The firm is located in New York and focuses their operations in electric, gas and steam activities. It is estimated that the company provides electricity to approximately 3.3 million costumers and offers gas services to other 1.1 million costumers in New York City and Winchester County. The business model of Con Edison, Inc is divided intoRead MoreGreat Invention in Electrical Field –light bulb Light bulb is one of the most influential900 Words   |  4 PagesElectrical Field –light bulb Light bulb is one of the most influential inventions in the word. It makes us work more productive at night and helps us enjoy more activities at night. It significantly change people lives all over the world. The born of light bulb also helped us by making more inventions that related to light, such as phones, televisions, and computes. By using light bulb, we actually reduced the probability of having fire accidents because if we don’t have light bulb, we will useRead MoreThomas Edison’s History with the Incandescent Light Bulb670 Words   |  3 Pagesthe Incandescent Light Bulb Who invented the light bulb? Only a few really know the true answer to this question. Most people around the US simply think that Thomas Edison invented the light bulb. The story or â€Å"invention myth† behind the bulb varies drastically from the general public’s belief. The belief is that a lone inventor, Thomas Edison, sat down in his workshop and simply created the incandescent light bulb out of thin air. Edison in no way created the incandescent light bulb out of thinRead MoreThomas Edison: Inventor or Patent Thief?1631 Words   |  7 PagesThomas Edison: Inventor or Patent Thief? Most inventions are created from a multitude of ideas and a number of men, and one man simply cannot be credited for the inventions such as the phonograph, the kinetoscope, or the light bulb. Unfortunately, it is usually the corrupt businessman who exploits such creations and claims them as his own who receives the lion’s share. Thomas Alva Edison was an ideal example of such a person. Edison hardly played any role in the actual production of anything revolutionary