How the Mighty Fall: And Why Some Companies Never Give In
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Summary
Jim Collins' book «How the Mighty Fall: And Why Some Companies Never Give In» explores the reasons why successful companies fail. Collins identifies 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. The author analyzes examples of companies that have gone through these stages and offers strategies to avoid collapse. The book emphasizes the importance of recognizing threats, maintaining discipline, and adapting to change so that companies can survive and thrive in the long term.
Date of publication: 25 December 2024
Last updated: 29 December 2024
———How the Mighty Fall: And Why Some Companies Never Give In
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Genre: Business literature