![]() ![]() The authors give you an unflinching look at the mistakes and missteps made by GE's leadership. "How could a company as big and successful as GE fail? I've been thinking about that question for several years, and Lights Out finally gave me many of the answers I was seeking. Publisher: HarperCollins Publishers Inc ISBN: 9780358250418 Number of pages: 368 Weight: 504 g Dimensions: 229 x 152 mm MEDIA REVIEWS Lights Out details how one of America's all-time great companies has been reduced to a cautionary tale for our times. ![]() In the end, GE's traditional win-at-all-costs driven culture seemed to lose its direction, which ultimately caused the company's decline on both a personal and organisational scale. Lights Out examines how Welch's handpicked successor, Jeff Immelt, tried to fix flaws in Welch's profit machine, while stumbling headlong into mistakes of his own. Yet, fewer than two decades later, the GE of old was gone. And after two decades of leadership under legendary CEO Jack Welch, GE entered the twenty-first century as America's most valuable corporation. GE electrified America, powering everything from lightbulbs to turbines, and became fully integrated into the American societal mindset as few companies ever had. For generations, it was job security, a solidly safe investment, and an elite business education for top managers. Since its founding in 1892, GE has been more than just a corporation. This is the definitive history of General Electric's epic decline, as told by the two Wall Street Journal reporters who covered its fall. ![]()
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