Jim Collin’s new book is out today. It is called How The Mighty Fall: And Why Some Companies Never Give In. Collins shows “how to spot the subtle signs that your successful company is actually on course to sputter — and how to reverse the slide before it’s too late.”
There are five stages of decline:
- Hubris born of success
- The undisciplined pursuit of more
- Denial of risk and peril
- Grasping for salvation
- Capitulation to irrelevance or death
This looks like superb stuff. I am very much looking forward to the book.
While you are waiting for it to arrive, BusinessWeek has an exclusive excerpt from the book, along with many other materials. They include:
- Video of Jim Collins discussing the five stages of corporate decline
- Video of Jim Collins on why he admires Steve Jobs
- A slide show on what we can learn from failure
- An audio interview about the book