How The Mighty Fall (edit title)

Shelfari edited the description of How The Mighty Fall 2 weeks ago.

• Decline can be avoided. Decline can be detected. Decline can be reversed. Amidst the desolate landscape of fallen great companies, Jim Collins began to wonder: How do the mighty fall? Can decline be detected early and avoided? How far can a company fall before the path toward doom becomes inevitable and unshakable? How can companies reverse course? In How the Mighty Fall , Collins confronts these questions, offering leaders the well-founded hope that they can learn how to stave off decline and, if they find themselves falling, reverse their course. Collins' research project--more than four years in duration--uncovered five step-wise stages of decline: Stage 1: Hubris Born of Success Stage 2: Undisciplined Pursuit of More Stage 3: Denial of Risk and Peril Stage 4: Grasping for Salvation Stage 5: Capitulation to Irrelevance or Death By understanding these stages of decline, leaders can substantially reduce their chances of falling all the way to the bottom. Great companies can stumble, badly, and recover. Every institution, no matter how great, is vulnerable to decline. There is no law of nature that the most powerful will inevitably remain at the top. Anyone can fall and most eventually do. But, as Collins' research emphasizes, some companies do indeed recover--in some cases, coming back even stronger-- even after having crashed into the depths of Stage 4 . Decline, it turns out, is largely self-inflicted, and the path to recovery lies largely within our own hands. We are not imprisoned by our circumstances, our history, or even our staggering defeats along the way. As long as we never get entirely knocked out of the game, hope always remains. The mighty can fall, but they can often rise again.

Kevin approved Timothy Gray’s request to change the title of How The Mighty Fall Saturday, October 31 2009.

Timothy Gray approved Ulrich’s request to change the contributors of How The Mighty Fall Thursday, October 8 2009.

• Edited a contributor: Jim Collins: (Primary NoneAuthor)
• Removed a contributor: Jim Collins: (Primary Author)

Timothy Gray approved Ulrich’s request to combine 5 books, including How The Mighty Fall, Wednesday, October 7 2009.

Ulrich edited the contributors of How The Mighty Fall Wednesday, October 7 2009.

• Edited a contributor: Jim Collins: (Primary NoneAuthor)
• Removed a contributor: Jim Collins: (Primary Author)

Ulrich submitted a request to combine 5 books, including How The Mighty Fall, Wednesday, October 7 2009.

something witty approved Shelfari’s request to change the contributors of How The Mighty Fall Thursday, October 1 2009.

• Added a contributor: Jim Collins: (Primary None)

Shelfari edited the contributors of How The Mighty Fall Thursday, October 1 2009.

• Added a contributor: Jim Collins: (Primary None)

Timothy Gray edited the quotations of How The Mighty Fall Thursday, September 10 2009.

• Added a quotation: “Bad decisions made with good intentions are still bad decisions.”

Timothy Gray edited the quotations of How The Mighty Fall Thursday, September 10 2009.

• Added a quotation: “Enduring great companies passionately adhere to a set of timeless core values and pursue a core purpose beyond just making money.”