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Home > Ideas & Insights > B2B Insights Blog > Strategy, Branding and Leadership
B2B Insights Blog
June 25, 2008 | 11:45am
I’ve never been a “GE glorifier”, but I have been paying a little more attention to GE lately, as a student of business. Specifically, the strategic leadership of CEO Jeffrey Immelt. In my opinion, he's finally stepped out of the giant shadow of his predecessor and mentor, Jack Welch. Since December 2002, Immelt has sold off more than $75 billion in GE businesses such as its plastics and insurance units, and most recently, appliances (a business once synonymous with its brand name) while spending more than $50 billion on acquisitions in faster-growing sectors including wind power and aviation. Strategy in action.

Mr. Immelt has a very good sense of what he wants the GE brand to stand for going forward - innovation in emerging businesses in the 21st century (for now, that means big investments in health-care and energy.) Much of the growth in GE’s strategy will come from outside the U.S.

Mr. Immelt also recognizes the importance of “green” in today’s marketing environment in GE’s ecomagination initiative.

I learned recently that connecting “green” to the GE brand through the ecomagination campaign might never have happened without Immelt’s willingness to provide leadership and determination to make it happen. In doing so, he overruled his senior management team. He tells the story in this fascinating 6 minute clip.

It’s a great testimony to strategic leadership for the GE brand that has paid off. According to Interband, thanks in part to the marketing of ecomagination initiatives, the value of the GE brand has grown 16.9%.
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