General Electric

General Electric (GE)

GE is a US industrial company founded in 1892. It operated across sectors such as power generation, aviation, healthcare, and appliances. The company built its position on engineering capability, large-scale manufacturing, and global operations. In recent years, GE has restructured into focused businesses, including GE Aerospace and GE Vernova.

Fastworks

GE introduced FastWorks as an internal program in the 2010s. It applied lean startup principles to product development and decision-making. The program aimed to reduce risk by testing ideas early with customers, using small experiments instead of large upfront commitments. It promoted rapid prototyping, customer feedback, and iterative learning inside a large industrial organization. Fastworks applies several Product Velocity principles.