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The Secret to GE's Success

William E. Rothschild

McGraw Hill -2007

 COMMENTS ABOUT THE BOOK

I wrote this book in 2007 to demonstrate what it takes to be a leader for over 125 years. It is a strategic history of an iconic company. 

I concluded that the ingredients for success could be summarized in one word L.A.T.I.N

  • Leadership- having the right leader for the right time. GE until recently developed its own!
  • Adaptibility- anticipating and responding to external and internal changes.
  • Talent- developing own talent to fit the changing strategies and external and competitive changes!
  • Influencing the customer and all key stakeholders to accept and join changes when needed.
  • Networking- creating ways of communicating and interacting with all key stakeholders

This system worked until 2017, when it appears the company lost control of its own destiny. I still believe the book is an excellent guide to what it takes to be a LONG TERM LEADER..I predicted that Immelt would fail, but I am amazed how much damage he inflicted on this ICONIC company and hope it survives with his POOR LEADERSHIP!

This is the table of content:

               Part I. “Living Better Electrically”:

               GE’s First Stage, 1879 to 1939 

          Chapter 1. Selecting the Wrong Technology 

          Chapter 2. Becoming the Leader 

          Chapter 3. Seeking Advice and Sharing the Wealth 

          Chapter 4. Staying No. 1 

               Part II. Diversification and Decentralization:

               GE’s Second Stage, 1940 to 1970 

          Chapter 5. Winning the War 

          Chapter 6. Decentralized Growth 

          Chapter 7. Professional Management 

          Chapter 8. The Conversion of Ronald Reagan 

          Chapter 9. GE Can Do Anything It Wants to Do 

               Part III. Portfolio Leadership:

               GE’s Third Stage, 1971 to 2001 

         Chapter 10. Admitting Mistakes 

         Chapter 11. Pruning and Divesting 

         Chapter 12. Nothing Is Sacred 

         Chapter 13. GE’s Cultural Revolution 

                Part IV. “Back to the Future”:

              GE’s Fourth Stage, 2001 to the Present 

         Chapter 14. Go BIG! 

         Chapter 15. More Cultural Changes 

         Chapter 16. Success Factors 

This book is available on Amazon.