GE was America's most admired company — then its own conglomerate model destroyed it
Jack Welch made GE a $600B conglomerate. His successors couldn't manage it. By 2018 GE was split up, the stock down 75%, and the dividend was cut.
事例を読む事業の失敗、大きな代償を払った意思決定、そこから得られる教訓。
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Jack Welch made GE a $600B conglomerate. His successors couldn't manage it. By 2018 GE was split up, the stock down 75%, and the dividend was cut.
事例を読むGoogle launched Stadia in 2019 with a custom controller and exclusive studios. By 2022 it was dead: no games, no users, no refund questions.
事例を読むSnapchat merged friends and media into one feed. Users revolted, a Change.org petition hit 1.2M signatures, and Instagram Stories accelerated past it.
事例を読むSwatch Group's CEO dismissed smartwatches as a passing fad. Apple Watch revenue now exceeds the entire Swiss watch industry's exports.
事例を読むEstée Lauder derived ~30% of revenue from travel retail, mostly Chinese shoppers. When the rebound stalled, the stock lost over half its value.
事例を読むA livestream host called critics 'lazy' for questioning Florasis's pricing. The backlash turned into a national debate about domestic brand premiums.
事例を読むIn 2022 Gap Inc. announced a plan to spin off Old Navy as a separate company. The stock fell, the plan was scrapped, and the CEO departed.
事例を読むYatsen Holdings spent over 60% of revenue on marketing to build Perfect Diary. The brand grew fast but never made money, and the stock crashed 90%.
事例を読むTiffany's sales stalled for years as the brand failed to attract younger buyers. LVMH paid $15.8B, replaced the team, and tripled the marketing budget.
事例を読むLeEco, the Chinese group behind LeTV, expanded into phones, TVs, sports and cars at once. It ran out of cash in 2016; its founder fled to the US.
事例を読むLuckin Coffee, the Chinese chain that took on Starbucks, fabricated 2.2B yuan (~$310M) in sales. Exposed in 2020, delisted from Nasdaq, it survived in China.
事例を読むofo raised billions for dockless bike-sharing and burned it in a subsidy war. When funding stopped, millions waited for deposit refunds that never came.
事例を読むA 90-year-old beauty icon crushed by acquisition debt and unable to keep up with indie brands and e-commerce. Revlon filed for bankruptcy in 2022.
事例を読むDecades of 'Angels' and a narrow ideal of sexy couldn't survive a culture shift toward inclusivity. The fashion show was cancelled in 2019.
事例を読むFor over a century Avon sold cosmetics through its door-to-door 'Avon ladies.' As shopping moved online, sales fell for years; Avon went bankrupt in 2024.
事例を読むHealthSouth, a hospital and rehab chain, overstated earnings by about $2.7 billion for years. Its founder was acquitted of fraud but later convicted of bribery.
事例を読むIn 2013 hackers used an HVAC vendor's credentials to breach Target, stealing 40 million card numbers and data on 70 million customers. The CEO resigned.
事例を読むFor decades Encyclopædia Britannica sold its famous sets door to door. Microsoft's Encarta CD-ROM, then the internet, destroyed that model; print ended in 2012.
事例を読むTupperware built an empire on its famous home parties and plastic containers. As shopping moved online and the parties faded, sales fell for years; it filed.
事例を読むIn March 2008 Bear Stearns, a top investment bank, ran out of cash after betting heavily on subprime mortgage securities. JPMorgan bought it for $2 a share.
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