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

Interesting Facts

• The book explores the reasons why successful companies fail and offers strategies to prevent this.
• The author identifies five stages of company decline, starting with hubris and ending with capitulation or death.
• One of the key ideas of the book is that companies begin to fall when they start taking success for granted and stop striving for improvement.
• Collins uses numerous real-life examples to illustrate his ideas and show how companies can avoid decline.
• The book introduces the concept of «disciplined thinking», which helps companies stay afloat even in tough times.
• The author emphasizes the importance of leadership and making tough decisions to maintain a company's success.
• The book is a continuation of Collins' research on what makes companies great and how they can maintain their greatness.