GE’s Downfall because of an Inability to Adapt Quickly Allows Three Important Strategy Lessons

General Electric or GE, as it’ better known, has been on a long slow decline since Jack Welch retired as chairman and CEO in 2001. And although some analysts have the company on bankruptcy watch, the decline is not because of bad management or anything else one would assume. It’s simply because Welch’s perfectly brilliant growth strategy had run its course. And this decline offers 3 lessons in strategy that is worthwhile to learn for other large and small companies.