What had blossomed in Schenectady was the stuff of cultural legend'inventions, manufacture, mass production, unstoppable growth'but there was a sense of cavity now to the giant old industrial grounds. It was there that GE was incorporated in 1892, assembled by bankers out of the nonperforming attempts of inventors to translate their brightest ideas into business. Schenectady'the electric city'had been home to the Edison Machine Works. The storied logo had been surpassed by taller structures long ago, but it still glowed from atop the mammoth brick shoebox of Building 37 as Flannery passed through the gates and into the birthplace and spiritual home of the General Electric Company. JOHN FLANNERY PULLED into the little city on the Mohawk River in late July with numbers on his mind, passing beneath what had once been the largest electrified sign in the world. Lights Out details how one of America’s all-time great companies has been reduced to a cautionary tale for our times. 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 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. Yet, fewer than two decades later, the GE of old was gone. And after two decades of leadership under legendary CEO Jack Welch, GE entered the twenty-first century as America’s most valuable corporation. GE electrified America, powering everything from lightbulbs to turbines, and became fully integrated into the American societal mindset as few companies ever had. For generations, it was job security, a solidly safe investment, and an elite business education for top managers. Since its founding in 1892, GE has been more than just a corporation. To learn more about how and for what purposes Amazon uses personal information (such as Amazon Store order history), please visit our Privacy Notice.Ī 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. You can change your choices at any time by visiting Cookie Preferences, as described in the Cookie Notice. Click ‘Continue without accepting’ or ‘Customise Cookies’ to decline these cookies, make more detailed choices or learn more. Third parties use cookies for the purposes of displaying and measuring personalised advertisements, generating audience insights, and developing and improving products. This includes using first- and third-party cookies which store or access standard device information such as a unique identifier. If you agree, we will also use cookies to complement your shopping experience across Amazon stores as described in our Cookie Notice. We also use these cookies to understand how customers use our services (for example, by measuring site visits) so we can make improvements. We use cookies and similar tools that are necessary to enable you to make purchases, to enhance your shopping experiences, and to provide our services, as detailed in our Cookie Notice.
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