Lights Out Review Ge
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 review ge. Pride delusion and the fall of general electric which goes into detail about the downfall of general electric. Power s solid profits were illusory write thomas gryta and ted mann in lights out. Founded in schenectady new york in 1892 general electric eventually grew into one of the world s largest corporations selling products and services with sterling reputations developing. Pride delusion and the fall of general electric houghton mifflin out july 21.
Two wall street journal reporters expand years of their newspaper coverage into a detailed book about the decline of general electric due in large part to management incompetence greed and dishonesty. Read an excerpt from lights out. There are some great lessons for leaders and especially leaders in the fintech space from this book. Ge got addicted to its financial services revenue.
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. Pride delusion and the fall of general electric thomas gryta and ted mann. The book lights out written by wall street journal reporters thomas gryta and ted mann and which fortune recently excerpted gets some critical things wrong about general electric and its former. Financial services is a double edged sword.
Pride delusion and the fall of general electric is the cautionary tale of ge ceo jack welch s handpicked successor jeff. Pride delusion and the fall of general electric by thomas gryta and ted mann. Wall street journal reporters thomas gryta and ted mann s lights out. 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.
I recently finished the book lights out.