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:
- Hubris born of success,
- Undisciplined pursuit
of more, - Denial of risk and peril (this may come at the moment of
greatest apparent success), followed by - Grasping for salvation, and
- Capitulation to irrelevance or death.
My general take. This book is below par for a Jim Collins type pedigree. Pass.
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