How the Mighty Fall
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Details
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Description
Description
Amid the aftermath of fallen great companies, Jim Collins delves into the questions: How do the mighty fall? Can decline be detected early and avoided? How can companies reverse course? His research project, lasting over four years, uncovers five stages of decline: Hubris Born of Success, Undisciplined Pursuit of More, Denial of Risk and Peril, Grasping for Salvation, and Capitulation to Irrelevance or Death.
Through understanding these stages, leaders can greatly reduce their chances of falling to the bottom and even recover from a crash even stronger. Decline, Collins reveals, is largely caused by ourselves, but the path to recovery is within our grasp. As long as we stay in the game, hope remains even after a staggering defeat. The mighty may fall, but they can rise again.