Lights Out: Pride, Delusion, and the Fall of General Electric Free Audiobook Download by Thomas Gryta,Ted Mann
The book is about the biggest company in America, General Electric. It takes a look at what happened with GE and how they lost their dominance in the marketplace. The book also looks into how GE was so successful in the first place and how this led to pride and delusion which ended up costing them a lot of money.
Thomas Gryta Ted Mann's book is a timely take on what happened to General Electric- one of the most iconic names in American business. Although GE has many past successes, it also has big problems at the moment. The author digs deep into GE's history and uses that as a lens on how emotions can blind us when it comes time to make decisions.
Thomas Gryta Ted Mann's new book, 'Lights Out: Pride, Delusion, and the Fall of General Electric' is a detailed account of one of the most important but little known events in American history. Starting with the company's founding by Thomas Edison in 1878, it follows through its many incarnations as an inventor and innovator leading up to its current place at the helm of America's largest corporation.
It's not that General Electric has been a stellar long-term investment. It just turns out the market is in such turmoil right now that GE is either going to make or break their stock this year, which means that its value will be based on how much money you're willing to pay for it.
The story starts with the conception of General Electric when Thomas Edison and Alcoa merged in 1895. It then goes through the history of GE to its fall from power during the 2008-2009 financial crisis. This book examines how GE, like many other American companies, grew out of touch with corporate America. They were blinded by their pride, believing that all would go well as long as they stayed in control of manufacturing and production for their products.
In his book "Lights Out: Pride, Delusion and the Fall of General Electric", Thomas Gryta documents the fall of General Electric from a true American icon to a leading symbol of the American dream. He argues that the company's transformation into a conglomerate was fundamentally ill-suited to GE's roots as an engineering firm, based on innovation and disruptive technologies.
Published Date | 2020-07-21 |
Duration | 13 hours 39 minutes |
Author | Thomas Gryta, Ted Mann |
Narrated | James Edward Thomas |
Reviews | |
Abridged | No |
Is It Free? | 30-days Free |
Category | Science & Technology |
Parent Category | Technology & Engineering, Economics, Management & Leadership |