It is clear that the vision of GO BIG, GO GLOBAL and MAKE DEALS, continues at GE.
Since the Olympics, GE has not done much, but this is probably because everyone is on vacation and unwinding from the CHINESE show. GE selected Shanghai as its headquarters and a major Chinese technical center.
Immelt has become a Dartmouth trustee, which is one of his loves. He had hosted the visit of John McCain in Erie, which was one of the locations that Ronald Reagan used to display his loyalty to innovation and American industry.
However, there are several Governmental actions that are disturbing. The most recent was the SEC's concern about GE's book keeping and a CIVIL suit.
Overall, it is clear that the GE/ Immelt team are convinced they are on the right track and will continue the same philosophy and strategy...but the stock market has not bought in and the stock is doing nothing.
As we promised we will continue to be the Strategic GEWatcher and objectively and strategically assess their moves.
Bill Rothschild, author of the SECRET TO GE's SUCCESS (The only book that provides the historical strategic insights to understand the company and the probability of its strategic success. Now in SIX languages.)
Learn more by visiting http://www.strategyleader.com/
Saturday, September 6, 2008
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