How the Mighty Fall (Review and Analysis of Collins' Book)
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About this ebook
This complete summary of the ideas from "How The Mighty Fall" shows that no successful business is immune from failure, regardless of previous performance. Providing you with a clear overview of the five stages of failure, as well as with a checklist for each stage, this useful summary gives you the tools needed to identify the warning signs of failure in your own company and enables you to act in time to save it.
Added-value of this summary:
• Save time
• Understand key concepts
• Increase your business knowledge
To learn more, read "How the Mighty Fall" and prevent failure in your business.
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How the Mighty Fall (Review and Analysis of Collins' Book) - BusinessNews Publishing
Book Presentation:
How The Mighty Fall by Jim Collins
Summary of How The Mighty Fall (Jim Collins)
Book Abstract
MAIN IDEA
Why is it that sometimes, previously successful companies stumble and fail? Recent events in the financial markets have shown that no matter how great your organization is at the present time or has been in the past, it’s not inevitable that you will automatically remain strong forever. Anyone can fall – and most eventually do. To stave off that decline, you need to be picking up on the early warning signals and reverse your course while you still have time and resources to act.
In particular, corporate and institutional decline tends to follow a well mapped five stage process like this:
If you are aware of the five stages of corporate decline which companies always tend to move through in sequence and pick up on the subtle clues which may be arising in your organization at the present time, you can get to work applying the brakes early and reverse course. Above all, you can avoid self-inflicted decline.
Whether you prevail or fail, endure or die, depends more on what you do to yourself than on what the world does to you.
– Jim Collins
About the Author
JIM COLLINS has researched companies over the past decade. He studies how companies grow, how they achieve superior performance and how good companies make the transition to greatness. His research findings have been documented in four books he