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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