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The book would've been better with a more emotive narrator. I very much enjoyed the treatment of the shrinking of GE. A bio and his approach brought GE billions despite the old boys club atmosphere, GE had a commitment to its customers, employees and shareholders. The wee people can c. A sad story of management hubris and blindness to reality. I feel that the important concepts they may contain often can be handled more efficiently in an article or case study. .orange-text-color {color: #FE971E;} Discover additional details about the events, people, and places in your book, with Wikipedia integration. Fasc. 25 years in the history of General Electric, Reviewed in the United Kingdom on December 17, 2020. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. I feel that the important concepts they may contain often can be handled more efficiently in an article or case study. I have some personal ties to this company that are not seen in a good light (see what I did there ha). Also GE appeared to be a fairly buttoned up organization, especially under Immelt. Lights Out is the definitive story of an American business powerhouse losing its way. Our newest Color Effects LED light sets feature 7 colors, 53 functions, and an easy to use remote control. Please try again. I read this book using immersion reading, while listening to the audio book. I do believe that as was mentioned that most employees not at the very top were working very hard for a company we really believe in. Pair your Smart Bulbs and Light Strips with a smart assistantlike Amazon Alexa or Hey Googlefor hands-free voice control of your lights Reviewed in the United Kingdom on October 26, 2020. Enjoy a great reading experience when you borrow the Kindle edition of this book with your Kindle Unlimited membership. This was a fantastic exploration into the inner workings of GE. 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. 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 (reallyyou 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 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 is so interesting to me to read stories of companies, especially the mega brands. How far the mighty have fallen. Reading all the 'dirty laundry' we aren't supposed to know makes me want a shame bell. Shop christmas lights and a variety of holiday decorations products online at Lowes.com. The authors did get it right that the ethos of GE continues to be attractive to people that work there. Reviewed in the United States on September 13, 2020. Me first! Did you set an extremely ambitious Reading Challenge goal back in January? This book is no exception. He sensed the insular culture and incompetence of senior management as GE capital became the dominant source of "paper productivity" in the company. In the end, GEs traditional win-at-all-costs driven culture seemed to lose its direction, which ultimately caused the companys decline on both a personal and organizational scale. A good read. It's repetitive like it's written to read parts instead of cover to cover. The Board created a toxic environment which silenced the organ; disbanded the choir; and sold an a cappella mantra as gospel. It reports public information with nothing new or interesting. 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. GE got addicted to its financial services revenue. Taking a break from fiction to catch up with some nonfiction. Houghton Mifflin Harcourt (July 21, 2020), Reviewed in the United States on July 26, 2020. Notably strong language in the epilogue on the failure of the board who oversaw it all without really challenging what was going on. 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. GE is now a different place and does not invoke the same sense of awe. It is a straight forward account of what happened. You are. A leitura do livro permite acompanhar a paulatina perda de foco no benefcio aos clientes; gradativamente os dirigentes se desconectam do mundo real e passam a viver em uma espcie de redoma. There were a few "scandals" but nothing that severely impacted the future. Repetitive. Looking from my vantage point, the GE Capital story always looked a bit too good to be true but what did I know? 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. To get the free app, enter your mobile phone number. It was a challenging and exciting place to work. The wee people can choke on the left-overs, if there are any left! One feels more sympathy for Immelt who comes across as more a tragic character than anything else. I went to middle and high school with Ted Mann; hes always been smart and a skilled writer. Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club thats right for you for free. I find this a true loss of a great institution. Wireless Mr. Christmas - Lights and Sounds of Christmas Device!. 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. For the 2020 holiday season, returnable itemsshippedbetween October 1 and December 31can be returneduntil January 31, 2021. Reviewed in the United Kingdom on August 10, 2020. .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. Refresh and try again. 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. Despite a long and storied history, founded by Thomas Edision, "incorporated" by J.P. Morgan, the company was a shining example of what an American company could do, create and become. This book not. According to one of bosses (who thought he was one of the contenders to replace Immelt) this culture was largely created by Jack Birther Welch. Fascinating and slightly horrifying that a company with such a reputation as Ge could be so dysfunctional. 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. It also analyzes reviews to verify trustworthiness. 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. A sad story of management hubris and blindness to reality. 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. This book got enough wrong in the places I have first hand knowledge to not be worth reading. I spent 25 years with GE (17 as an executive band employee), and worked at 6 different businesses within the company. I got into this at first. Included with a Kindle Unlimited membership. Overextending themselves, forays into new fields, questionable acquisitions, flowery accounting practices and more. I am a GE employee, not by choice, but through chance as the company I worked for was taken over 9 years ago (I was a bit disappointed that the takeover was not mentioned in the book, although I guess $3 billion dollars is small fare in this story). Welch turned leadership into a cult that Immelt happily continued. It is difficult and challenging to revisit the years leading up to GEs tragic fall. Even though I spent my career in business, I rarely read business books. The C suite should be the best people in the company, yet rarely true. After viewing product detail pages, look here to find an easy way to navigate back to pages you are interested in. A bio and his approach brought GE billions despite the old boys club atmosphere, GE had. As they said at work, "You cannot spell change without GE". This book is no exception. An excellent book that details the fall of GE from when Jack left until Jeff got asked to leave. 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. Also GE appeared to be a fairly buttoned up organization, especially under Immelt. Something went wrong. Welch may have made lots of money for the company during his best decade, but he led the company away from core strengths by distracting it with the now discredited financing business and other ridiculous diversions. Unfortunately for him, his tenure was marked by two of the worst disasters to hit modern business and our country, the 911 attacks and the 2008 financial crisis. The authors did get it right that the ethos of GE continues to be attractive to people that work there. As an employee of GE Capital, I lived through part of the events described. There was a problem loading your book clubs. Lights Out: Pride, Delusion, and the Fall of General Electric, Audio CD, Audiobook, MP3 Audio, Unabridged. GE branded products have a proud tradition of setting new trends in holiday lighting. This has been perfect for what I needed. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. It is clear that GE has fallen from the heights it was at around the turn of the millennium, but it is still unclear the cause. Although they did try to define the terms it still didnt help. How far the mighty have fallen. Reviewed in the United States on July 21, 2020. If this isnt an indictment of the criminality of both positions being held by the same individual, nothing comes close. Certamente no a nica empresa que perdeu o foco no cliente e que foi forada a pagar um preo bastante caro por tal ao. He would point at some of the management hypocrisies even back then. As related in Lights Out, the authors deal with the question what happened? that took a company that was at one time the most valuable corporation in the world and one of Americas most admired companies to a much smaller shell of its former self today. Unable to add item to List. Their book tells the story of GE, beginning with Jack Welchs final years as CEO. This was an account of the fall of General Electric. among other sins of conglomerization. Heavy on the GE Capital side, it would have been nice if more emphasis was put on Aviation and Power to get a full picture of what really happened. 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