Gryta, Thomas
Lights Out: Pride, Delusion, and the Fall of General Electric
- ISBN 13:
- 9780358567059
- author:
- Gryta, Thomas
- format:
- Paperback / softback
- publisher:
- Houghton Mifflin Harcourt Publishing Company
- language:
- English
- Publication Year:
- 2021
- Pages:
- 384
- Dimensions:
- 20.3 x 13.2 x 2.8 centimeters (0
- Genre:
- Business, Business History, Business,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
A Wall Street Journal Bestseller. The story of General Electric's epic decline is told by two Wall Street Journal reporters who covered its fall. Since its founding in 1892, GE has been more than just a corporation - it was job security, a solid investment, and an elite business education for top managers. The company electrified America, powering everything from lightbulbs to turbines, and became fully integrated into the American societal mindset as few companies ever had. After two decades of leadership under legendary CEO Jack Welch, GE entered the twenty-first century as America's most valuable corporation. Yet, fewer than two decades later, the GE of old was gone. This book examines how Welch's successor tried to fix flaws in Welch's profit machine, while stumbling into mistakes of his own. The result was a company that lost its direction, ultimately causing its decline on both a personal and organizational scale. The story of General Electric's fall serves as a cautionary tale for our times.
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