I am sure that you are familiar with Jim Collins' other works, Good to Great and Built to Last. In those books, he examines some of the best run companies. In his latest book, How The Mighty Fall: And Why Some Companies Never Give In, he takes a different approach by examining the reasons why companies decline. Using a well reasoned and documented argument, he attempts to answer whether failure or decline can be detected early and avoided, at what points in a company's history can decline be reversed, … more
The Good to Great author has done it again He explains that this was a much harder task than finding the commonalities for Good to Great. He has done a good job. He shows there are five stages of decline, 1. Hubris born of success. 2. Undisciplined pursuit of more 3. Denial of risk and peril 4. Grasping for salvation 5. Capitulation to irrelevance or death He illustrates how the basics of Good to Great … more
In How the Mighty Fall, Collins examines how and why once great companies have since declined. Relying on many years of research of several thousand companies, he identifies five stages of organizational decline: Hubris Born of Success, Undisciplined Pursuit of More, Denial of Risk & Peril, Grasping for Salvation, and Capitalization to Irrelevance or Death. This is a process that can continue for many years and, frequently, is not recognized - or at least not taken seriously -- until it is too late. … more
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