{"product_id":"9780358243571","title":"Lights Out","description":"\u003cb\u003eA WALL STREET JOURNAL BESTSELLER\u003cbr\u003e \"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, \u003c\/b\u003e\u003ci\u003e\u003cb\u003eGates Notes\u003c\/b\u003e\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eHow could General Electric—perhaps America’s most iconic corporation—suffer such a swift and sudden fall from grace?\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eThis is the definitive corporate history of General Electric’s epic decline, as told by the two \u003ci\u003eWall Street Journal\u003c\/i\u003e reporters who covered its fall.\u003cbr\u003e\u003cbr\u003eSince its founding in 1892, GE has been more than just a corporation. For generations, it was job security, a solidly safe investment, and an elite business education for top managers.\u003cbr\u003e\u003cbr\u003eGE electrified America, powering everything from lightbulbs to turbines, and became fully integrated into the American societal mindset as few companies ever had. And after two decades of leadership under legendary CEO Jack Welch, GE entered the twenty-first century as America’s most valuable corporation. Yet, fewer than two decades later, the GE of old was gone.\u003cbr\u003e\u003cbr\u003e​\u003ci\u003eLights Out\u003c\/i\u003e examines the complexities of CEO succession as Welch’s handpicked successor, Jeff Immelt, tried to fix flaws in Welch’s profit machine, while stumbling headlong into mistakes of his own. 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. \u003ci\u003eLights Out\u003c\/i\u003e details how one of America’s all-time great companies has been reduced to a business cautionary tale for our times.\u003cbr\u003e \u003cp\u003eThis gripping work of investigative journalism details the pivotal moments and fatal decisions behind the fall:\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cb\u003eLeadership Failure:\u003c\/b\u003e Go behind the scenes as Jack Welch’s handpicked successor, Jeff Immelt, confronts a flawed profit machine and makes a series of his own costly mistakes.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eA Corrosive Corporate Culture:\u003c\/b\u003e Uncover how GE’s celebrated win-at-all-costs mentality ultimately eroded its direction and led to an organizational crisis.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eFinancial Engineering Unmasked:\u003c\/b\u003e Follow the Wall Street Journal reporters who first uncovered the accounting tricks that masked deep-seated problems for years.\u003c\/li\u003e\n\u003cli\u003e\n\u003cb\u003eDecline of an American Icon:\u003c\/b\u003e Witness the stunningly swift fall from grace of a company that once electrified America and was considered a bastion of job security and safe investment.\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Thomas Gryta","offers":[{"title":"Default Title","offer_id":47132726198421,"sku":"9780358243571","price":6.99,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0484\/3175\/9509\/files\/9780358243571.jpg?v=1776992309","url":"https:\/\/harpercollins.com.au\/products\/9780358243571","provider":"HarperCollins AU","version":"1.0","type":"link"}