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Lights Out: Pride, Delusion, and the Fall of General Electric,New
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A WALL STREET JOURNAL BESTSELLER'If youre in any kind of leadership rolewhether at a company, a nonprofit, or somewhere elsetheres a lot you can learn here.'Bill Gates, Gates NotesHow could General Electricperhaps Americas most iconic corporationsuffer such a swift and sudden fall from grace?This is the definitive history of General Electrics epic decline, as told by the two Wall Street Journal reporters who covered its fall.Since its founding in 1892, GE has been more than just a corporation. For generations, it was job security, a solidly safe investment, and an elite business education for top managers.GE electrified America, powering everything from lightbulbs to turbines, and became fully integrated into the American societal mindset as few companies ever had. And after two decades of leadership under legendary CEO Jack Welch, GE entered the twentyfirst century as Americas most valuable corporation. Yet, fewer than two decades later, the GE of old was gone.Lights Out examines how Welchs handpicked successor, Jeff Immelt, tried to fix flaws in Welchs profit machine, while stumbling headlong into mistakes of his own. In the end, GEs traditional winatallcosts driven culture seemed to lose its direction, which ultimately caused the companys decline on both a personal and organizational scale. Lights Out details how one of Americas alltime great companies has been reduced to a cautionary tale for our times.
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- Q: What is the main focus of 'Lights Out: Pride, Delusion, and the Fall of General Electric'? A: 'Lights Out' examines the decline of General Electric, detailing its history, leadership changes, and cultural shifts that led to its downfall.
- Q: Who are the authors of this book? A: The book is authored by Thomas Gryta and co-written by another Wall Street Journal reporter.
- Q: What can I learn from this book? A: Readers can gain insights into corporate leadership, management failures, and the consequences of a profit-driven culture.
- Q: Is this book suitable for leaders in various industries? A: Yes, the lessons derived from GE's decline are applicable to leaders in both corporate and non-profit sectors.
- Q: When was 'Lights Out' published? A: 'Lights Out' was published on July 21, 2020.
- Q: What is the format and condition of the book? A: The book is available in hardcover format and is in new condition.
- Q: How many pages does the book have? A: 'Lights Out' contains 368 pages.
- Q: What edition of the book is available? A: This is the first edition of 'Lights Out'.
- Q: What genre does this book belong to? A: 'Lights Out' falls under the category of Economic History.
- Q: Are there any notable endorsements for this book? A: Yes, the book has been endorsed by Bill Gates, who highlighted its value for leaders.