Thomas Gryta
Autor von Lights Out: Pride, Delusion, and the Fall of General Electric
Werke von Thomas Gryta
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Statistikseite
- Werke
- 1
- Mitglieder
- 121
- Beliebtheit
- #164,307
- Bewertung
- 3.5
- Rezensionen
- 2
- ISBNs
- 6
There are volumes written on the GE failure. This is one of them. It's a good read, but it drags on (and on) in spots.
If you don't want to wade through all 57 chapters, here is the TL;DR: GE failed because of bad strategy and bad leadership.
GE's downfall narrative is a lesson in the consequences of prioritizing short-term financials and perpetually increasing dividends over the foundational principles of sustainable growth, sharp focus, and unwavering integrity. The book zeroes in on GE's ill-advised venture into financial services—a leap far outside its industrial stronghold—and spotlights the hazards of straying too far from core competencies. This misstep, coupled with a "yes-man" culture that smothered dissent and innovation under Jeffrey Immelt's reign, paints a really vivid picture of how internal dynamics can lead to external collapse.
Here are my key takeaways:
In essence, Lights Out serves as both a cautionary tale and a guidebook for corporate leadership and strategy. The book not only chronicles the end of an industrial titan but also offers valuable lessons for today's business leaders. It's an essential read for those looking to understand how companies fail or aiming to glean insights that could avert a similar fate.… (mehr)