In 'How the Mighty Fall,' Jim Collins outlines the five stages of organizational decline that lead to the fall of once-great companies: hubris born of success, undisciplined pursuit of more, denial of risk and peril, grasping for salvation, and capitulation to irrelevance or death.
2. The importance of leadership
Collins emphasizes that leadership plays a crucial role in preventing and reversing the decline of a company. Good leaders possess humility, are willing to confront brutal facts, and make disciplined decisions.
3. The danger of arrogance and complacenc.... .....
