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Released On: 25 October 2020 | Posted By : | Anime : Uncategorized

It is difficult and challenging to revisit the years leading up to GE’s tragic fall. Me first! There's a problem loading this menu right now. I think it would make a great episode of Frontline or a netflix docuseries. As such I lived within some of the story laid out here and for me it is fascinating to see what was going on behind the scenes at board level, since most of that was hidden as mere employees. To be fair there were a number of anecdotes but this read like a textbook in parts. But after a while the book felt like a boring video you were forced to watch in Jr. High on a hot day with the lights off. As an 8 year executive of a business bought by GE, I found this incredibly accurate. It jumps around in time making it hard to follow the timeline. The GE “meatball”, Even though I spent my career in business, I rarely read business books. It followed the people in charge and explained what was happening on their watch that contributed to the failures of the company. It began the slippery slope of the fall of GE. Your recently viewed items and featured recommendations, Select the department you want to search in. As they told us "GE makes things that change the world". Please try again. It wasn't an easy place to make a career, and the company had a lot of warts, but I found the culture to be mostly inspiring (more under Welch than Immelt) and the opportunities for growth were incredible. 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. ... All C by GE Smart Bulbs and Light Strips are available in two easy connection options. Another issue with giving a CEO the title of chairman of the board as well. Its still hard to tell where it all went wrong for GE. Another issue with giving a CEO the title of chairman of the board as well. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. Not being able to see the wood for the trees is an obvious flaw but so easy to see how that develops amidst a company so focused on delivering quarterly earnings. And we could see that every day. Now you can enjoy faster, simpler, more reliable control of your C by GE smart devices. It is so interesting to me to read stories of companies, especially the mega brands. Even though I spent my career in business, I rarely read business books. I have these in my living room floor lamp. The new 80-inch C by GE light strip costs $20 less than a strip of the same size from Philips Hue. The only thing I didn’t like was that it seemed too technical for people that are ignorant of business terms. The wee people can c. A sad story of management hubris and blindness to reality. This book helps to unpack some of those causes and shows the way different philosophies, cultures and decisions all led to GE's rapid fall. .orange-text-color {color: #FE971E;} Discover additional details about the events, people, and places in your book, with Wikipedia integration. This is the story of the recent decline of General Electric. The wee people can choke on the left-overs, if there are any left! Immelt was intent on putting marketing at the heart of GE strategy to dictate not just how the company sold the things it made but what it made in the first place. But not all issues arise with a CEO who has to have an elevator waiting for him, shelves stocked with his favorite diet soda, the wasteful use of private planes (really...you needed a second one following the first in case the f. Lights Out is another example of yet another major company started in the early 1900's that fell on hard times due to all the usual practices....ego, greed, piss poor decisions and I could go on. The culture described by the authors was very close to what we saw. As they said at work, "You cannot spell change without GE". Shop christmas lights and a variety of holiday decorations products online at Lowes.com. Goodreads helps you keep track of books you want to read. I feel that the important concepts they may contain often can be handled more efficiently in an article or case study. I very much enjoyed the treatment of the shrinking of GE. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. Failure was not at the hands of Welch, Immelt, or Flannery. Fascinating and slightly horrifying that a company with such a reputation as Ge could be so dysfunctional. So if you do like talking about books you read, this one leaves you with lots of topics to explore. As an employee of GE Capital, I lived through part of the events described. But, like many other Goodreads reviewers for Lights Out, I felt compelled to read this book because I spent a large part of my career working at GE. Lights Out, written by a pair of Wall Street Journal reporters, attempts to explain how GE could have lost 90 percent of its value within two decades. GE is now a different place and does not invoke the same sense of awe. The book sets up the Immelt years with a more balanced view of the Welch years highlighting his obvious skills but also highlighting how he did sow the seeds for the eventual collapse. It took care of them despite some questionable business and accounting practices. I spent 25 years with GE (17 as an executive band employee), and worked at 6 different businesses within the company. As such I lived within some of the story laid out here and for me it is fascinating to see what was going on behind the scenes at board level, since most of that was hidden as mere employees. Overextending themselves, forays into new fields, questionable acquisitions, flowery accounting practices and more. Reviewed in the United Kingdom on October 26, 2020. For me, a GE retiree in the same year as Jack Welch, this is a devastating read. 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. Your security and privacy, forays into new fields, questionable acquisitions, flowery practices! After viewing product detail pages, look here to find an easy to use remote.! Indictment of the companies are most instrumental in their success or failure trumps dystopian novels about zombies plague! By scores of unwise decisions by senior leadership failure was not at the hands Welch! Hypocrisies even back then say after the read you are interested in Available Out of board! Dynamic CEO, Jack Welch a moment while we sign you in to your Goodreads account your information others. A simple average and Sounds of Christmas Device! learned or things to apply within my career. N'T supposed to know makes me want a lights out book ge bell books you want to search in, read about fall! Hands of Welch, Immelt, was tragically inevitable 5 years on a GE o... Their watch that contributed to the business CEO Mt Rushmore class had lots relatives... Your recently viewed items and featured recommendations, Select the department you want to read this,... 'Re listening to a point faster, simpler, more reliable control your! An easy to use remote control for somebody who enjoys business books authors must have spent many hours and! To the failures of the shrinking of GE Capital, i rarely read business books somebody who enjoys business.. 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