Book Hack
Lights OutBy Thomas Gryta, Ted Mann

In a Nutshell

Lights Out: Pride, Delusion, and the Fall of General Electric takes a behind-the-scenes look at the spectacular decline of one of America's darlings of the industry.

Favorite Quote

At General Electric, the corporate logo is officially known as the Monogram. The old-timers have a more affectionate name for it. They call it 'the meatball.'

Thomas Gryta and Ted Mann

Introduction

Although General Electric no longer makes lightbulbs, the iconic item that made the company a success more than a century ago, chances are high your life is still impacted by some of their products.

Today, the multinational founded in 1892 designs an eclectic range of items – from jet engines and power station turbines to medical equipment.

This model of varied and disparate businesses under one brand helped make it a profit juggernaut in the 20th century but also ultimately brought the company to the brink of collapse through a combination of short-sighted executive leadership and outright hubris.

In Lights Out, Wall Street Journal reporters Thomas Gryta and Ted Mann detail the executive missteps and errors of judgment that nearly destroyed one of the most successful and innovative manufacturing businesses the world has ever known.

Here are the 3 key insights from this Hack

  1. 1.
    The company stretched itself thin by betting on its conglomerate model, but hid it for years
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  3. 3.
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