Subject category:
Strategy and General Management
Published by:
Harvard Business Publishing
Version: 30 June 2008
Length: 24 pages
Data source: Field research
Abstract
In September 2003, Jeff Immelt challenged the business leaders at General Electric (GE) to come up with 'Imagination Breakthroughs', innovative new projects that would serve as the centerpiece of GE's organic growth initiative. Follows the company as these changes are driven through the business units, focusing on GE Transportation as it launches a series of groundbreaking, green products - from the Evolution Locomotive to the Hybrid Locomotive. The growth process transforms the culture within GE Transportation, leading to a redefinition of the marketing role, the implementation of a 'growth leader' profile and new decision-making processes to encourage innovation and risk. Finally, presents a critical decision point, as Transportation executives must decide whether or not to support the high-risk Hybrid Locomotive project.
Industries:
Size:
USD163 billion revenues, 320,000 employees
Other setting(s):
1997-2007
About
Abstract
In September 2003, Jeff Immelt challenged the business leaders at General Electric (GE) to come up with 'Imagination Breakthroughs', innovative new projects that would serve as the centerpiece of GE's organic growth initiative. Follows the company as these changes are driven through the business units, focusing on GE Transportation as it launches a series of groundbreaking, green products - from the Evolution Locomotive to the Hybrid Locomotive. The growth process transforms the culture within GE Transportation, leading to a redefinition of the marketing role, the implementation of a 'growth leader' profile and new decision-making processes to encourage innovation and risk. Finally, presents a critical decision point, as Transportation executives must decide whether or not to support the high-risk Hybrid Locomotive project.
Settings
Industries:
Size:
USD163 billion revenues, 320,000 employees
Other setting(s):
1997-2007