How the Mighty Fall : And Why Some Companies Never Give in

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Uncovering the stages of decline for companies.

Recommendation: - This book is a must-read for business leaders and entrepreneurs who want to understand the key factors that lead to the downfall of successful companies. Jim Collins meticulously analyzes the stages of decline, providing invaluable insights and strategies for detecting and reversing decline. By learning from the mistakes and successes of others, readers can greatly reduce the risk of their own organizations falling into irrelevance or death. It's an eye-opening exploration of the fragility of even the mightiest companies and the potential for resurrection.

  • Financial Times Business Book of the Year Nominee for Longlist (2009)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

How the Mighty Fall : And Why Some Companies Never Give in

Regular price ₱300.15
Unit price
per
ISBN: 9780977326419
Publisher: JimCollins
Date of Publication: 2009-05-19
Format: Hardcover
Related Collections: Economics, Personal Development, Business
Goodreads rating: 3.96
(rated by 9334 readers)

Description

Decline can be avoided.Decline can be detected.Decline can be reversed.Amidst the desolate landscape of fallen great companies, Jim Collins began to wonder: How do the mighty fall? Can decline be detected early and avoided? How far can a company fall before the path toward doom becomes inevitable and unshakable? How can companies reverse course?In How the Mighty Fall, Collins confronts these questions, offering leaders the well-founded hope that they can learn how to stave off decline and, if they find themselves falling, reverse their course. Collins' research project—more than four years in duration—uncovered five step-wise stages of decline:Stage 1: Hubris Born of SuccessStage 2: Undisciplined Pursuit of MoreStage 3: Denial of Risk and PerilStage 4: Grasping for SalvationStage 5: Capitulation to Irrelevance or DeathBy understanding these stages of decline, leaders can substantially reduce their chances of falling all the way to the bottom.Great companies can stumble, badly, and recover.Every institution, no matter how great, is vulnerable to decline. There is no law of nature that the most powerful will inevitably remain at the top. Anyone can fall and most eventually do. But, as Collins' research emphasizes, some companies do indeed recover—in some cases, coming back even stronger—even after having crashed into the depths of Stage 4.Decline, it turns out, is largely self-inflicted, and the path to recovery lies largely within our own hands. We are not imprisoned by our circumstances, our history, or even our staggering defeats along the way. As long as we never get entirely knocked out of the game, hope always remains. The mighty can fall, but they can often rise again.
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Similar Reads

Uncovering the stages of decline for companies.

Recommendation: - This book is a must-read for business leaders and entrepreneurs who want to understand the key factors that lead to the downfall of successful companies. Jim Collins meticulously analyzes the stages of decline, providing invaluable insights and strategies for detecting and reversing decline. By learning from the mistakes and successes of others, readers can greatly reduce the risk of their own organizations falling into irrelevance or death. It's an eye-opening exploration of the fragility of even the mightiest companies and the potential for resurrection.

  • Financial Times Business Book of the Year Nominee for Longlist (2009)
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.