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</html>";s:4:"text";s:12645:"It was a challenging and exciting place to work. A leitura do livro permite acompanhar a paulatina perda de foco no benefício aos clientes; gradativamente os dirigentes se desconectam do mundo real e passam a viver em uma espécie de redoma. I was very interested to see this book as I have watched from afar to see the collapse of GE. The title of pride and delusion is aptly applied here. As an employee of GE Capital, I lived through part of the events described. It is difficult and challenging to revisit the years leading up to GE’s tragic fall. Start by marking “Lights Out: Pride, Delusion, and the Fall of General Electric” as Want to Read: Error rating book. .orange-text-color {font-weight:bold; color: #FE971E;}Enjoy features only possible in digital – start reading right away, carry your library with you, adjust the font, create shareable notes and highlights, and more. I very much enjoyed the treatment of the shrinking of GE. Certamente não é a única empresa que perdeu o foco no cliente e que foi forçada a pagar um preço bastante caro por tal ação. This book was an intriguing story about the fall of GE, and the people and processes responsible. As they said at work, "You cannot spell change without GE". I did learn some insights on why things happened the way they did but I would not trade my time and experience at GE for anything. The GE “meatball”, Even though I spent my career in business, I rarely read business books. UPDATE: NEW VERSION AVAILABLE. He sensed the insular culture and incompetence of senior management as GE capital became the dominant source of "paper productivity" in the company. The wee people can c. A sad story of management hubris and blindness to reality. Plus, there’s no hub required, so you can simply connect and control. I have some personal ties to this company that are not seen in a good light (see what I did there ha). 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. And has this, uh, unprecedented year gotten completely in the way of... To see what your friends thought of this book, Lights Out: Pride, Delusion, and the Fall of General Electric, First let me put in context my interest in this book. 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. The book starts with a brief history then begins with the most dynamic CEO, Jack Welch. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. The leaders of the companies are most instrumental in their success or failure. 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. Maybe it was just me, but I found the telling of the story a bit "dry." We work hard to protect your security and privacy. Overall I highly recommend reading lights out. I was particular interested in the messaging delivered by senior leadership about the state the company was in because I’ve worked in that space in corporate communications, but I also found the strategy behind each acquisition fascinating. Find GE christmas lights at Lowe's today. Acompanho a GE desde o anos 80 e no final dos 90 li várias matérias a respeito da sucessão do Jack Welch. I noticed that a number of present and former GE employees gave this book a high rating so I can feel comfortable that the author did his research and due diligence in telling the story. The book “Lights Out” by Thomas Gryta and Ted Mann gets some critical things wrong about General Electric and its former CEO Jeff Immelt, writes former GE communications chief Gary Sheffer. For me, a GE retiree in the same year as Jack Welch, this is a devastating read. I very much enjoyed the treatment of the shrinking of GE. As they told us "GE makes things that change the world". So if you do like talking about books you read, this one leaves you with lots of topics to explore. How far the mighty have fallen. The authors have achived their primary goal, to summarize the history of this great Amrican company, its rise to proeminence under the leadership of Jack Welsch, and its decline in the last 20 years, to its current status, a pale shadow : too much financial risk, too much leverage, too much diversification, too opportunitic in its management, etc. As an ex GE-Capital employee, it's my view that senior managers and top leadership were only concerned with 1) protecting their bonus & compensation and 2) their ability to move-up. I recently finished the book Lights Out: Pride, Delusion, and the Fall of General Electric which goes into detail about the downfall of General Electric. Please try again. I joined one of the company's corporate leadership programs directly from a 4 year tour with the Army - I targeted GE specifically as I was leaving the military and spent 6 months pestering the company for an interview before they agreed to speak with me. GE business leaders would now convene to come up with “Imagination Breakthroughs”—that is, ideas about products the company should design and sell.”, Goodreads Members Suggest: Favorite Very Quick Reads. A very well written book on trials and turbulations with the GE both from the historical and leadership perspective, give insights on the internal leadership struggles and the GE performance model that have make so many people miserable, “As an example, if GE was trading at a price-to-earnings ratio of 40, that meant that, if its stock was $40, it was earning $1 per share every year. 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. Our payment security system encrypts your information during transmission. To get the free app, enter your mobile phone number. During the 20 years when Welch was CEO General Electric’s value increased from $14 billion to $400 billion. Remember that awesome Christmas Lights Gone Wild video from last year? 2030: How Today's Biggest Trends Will Collide and Reshape the Future of Everything, How to Lead: Wisdom from the World's Greatest CEOs, Founders, and Game Changers, The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival, Radical Uncertainty: Decision-Making Beyond the Numbers. It took care of them despite some questionable business and accounting practices. And we could see that every day. * Available out of the box with C by GE Direct Connect Smart Bulbs. It is a straight forward account of what happened. It is not worth the time to read. Most of the story has been told in the news for anyone who has followed the stock or worked at the company. A lesson in hubris this is a warning to many companies of what not to do. Also GE appeared to be a fairly buttoned up organization, especially under Immelt. There's a problem loading this menu right now. 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