The following video is part of our "Motley Fool Conversations" series, in which industrials editors/analysts Isaac Pino and Brendan Byrnes discuss topics around the investing world.

In today's edition, Isaac and Brendan talk about General Electric, the granddaddy of all conglomerates. In recent years, GE has shifted its focus from diversification to the core businesses. Some view this as a continuation of the GE mantra of being the best in every industry it enters. However, the approach under CEO Jeffrey Immelt is different. Immelt has streamlined GE by selling off part of NBC Universal and developing talent to run its key businesses in energy, health care, aviation, and transportation. He stated in his shareholder letter his belief that we are entering a new economic era and that GE is positioned well to profit from emerging-market growth. Isaac and Brendan discuss their take.

Brendan Byrnes and The Motley Fool have no positions in the stocks mentioned above. Isaac Pino owns shares of General Electric. Motley Fool newsletter services recommend 3M. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.