Discuss the below in detail:
Q: Historically, several notable companies have encountered problems but were able regain their presence within their industry. Review the opening case: "General Electric: The Quintessential Diversified Firm". Evaluate General Electric's (GE's) mix of businesses. Discuss how the combination of businesses makes sense. Be sure to note how GE's board should assess management's performance and what might be done to address some of GE's problems.