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Why big companies fail: Jim Collins – How the mighty fall

Jim Collins author of “Built to Last” and “Good to Great” has a new book – How the mighty fall.

Money quote:
“Institutional decline like a staged disease: harder to detect but
easier to cure in the early stages, easier to detect but harder to cure
in the later stages”.

He describes a five-stage process of how corporates rise and fall, with
the following headings:

  1. Hubris born of success,
  2. Undisciplined pursuit
    of more,
  3. Denial of risk and peril (this may come at the moment of
    greatest apparent success), followed by
  4. Grasping for salvation, and
  5. Capitulation to irrelevance or death.

My general take. This book is below par for a Jim Collins type pedigree. Pass.