For over 125 years, General Electric stood as one of the most iconic and revered business names in this country and around the globe. A huge and, as the years progressed, highly diversified company that touched virtually every aspect of life, the Nobel Prize-winning GE brought “good things to life,” from consumer products and industrial machinery to entertainment and financial services. In the process, it inspired awe in the business community, rewarded investors, and drew widespread accolades for what was perceived as an exemplary management style.
Or at least that’s what many thought. In the end, the truth turned out to have been a tad different.
Although it was renowned for its ability to innovate, some opine that GE became too comfortable with its success, encouraging managers to shut out…
