Summary:
The book chronicles the decline of General Electric (GE), once a symbol of American ingenuity and economic power, detailing the missteps and strategic errors that led to its financial troubles. It provides an in-depth analysis of the company's leadership, culture, and business decisions that contributed to its fall from grace.
Key points:
1. Leadership Impact: The book compares Jack Welch's focus on growth and profits at GE with Jeff Immelt's unsuccessful transformation efforts, showing how leadership shapes a company's path.
Books similar to "Power Failure":
Lights Out
Thomas Gryta|Ted Mann
The Man Who Broke Capitalism
David Gelles
Jeff Immelt and the New GE Way
David Magee
A Colossal Failure of Common Sense
Lawrence G. McDonald|Patrick Robinson
Jack
Jack Welch|John A. Byrne
The Outsiders
William Thorndike
After Steve
Tripp Mickle
The Reckoning
David Halberstam
Becoming Hewlett Packard
Robert A. Burgelman|Webb McKinney|Philip E. Meza
Elon Musk
Ashlee Vance