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Great Brands Continue to Find Relevance - IBM, Schwinn, Continental Airlines reinvent their brands - Brief Article The stunning recent admission that Jack Welch retracted General Electric's requirement of being No. 1 or 2 in any market is a perfect example of how companies must continue to reinvent themselves and their brands in the face of changing market conditions, shifting customer needs and hyper-competitive brand landscapes. Welch recognized that by insisting on a No. I or 2 position, G.E. was potentially missing out on high-profit, sizable opportunities it could compete in very credibly Similar to G.E., Schwinn, Continental Airlines and IBM all faced major competitive issues 10 years ago, none bigger than the risk of becoming irrelevant in the minds of their customers. All three had to reinvent their business and brand strategies, and create relevancy in dramatically different ways. Fast-forward to today and not only have they rediscovered their brand relevancy but, in fact, enjoy leadership positions, just like G.E does. How did they do it?(Continue Reading)
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