EAN: 9780358567059

LIGHTS OUT - THOMAS GRYTA TED MANN KARTONIERT (TB)

A WALL STREET JOURNAL BESTSELLER  "If you're in any kind of leadership role-whether at a
company  a non-profit  or somewhere else-there's a lot you can learn here."-Bill Gates  Gates
Notes  How could General Electric-perhaps America's most iconic corporation-suffer such a swift
and sudden fall from grace?   This is the definitive history of General Electric's 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 twenty-first century as America's most valuable corporation. Yet
fewer than two decades later  the GE of old was gone.   ​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. 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 organizational scale. Lights Out details how one of America's all-time
great companies has been reduced to a cautionary tale for our times.

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