Decline can be avoided.
The Mighty can fall, but they can often rise again..
As long as we Never get entirely knocked out of the game, hope always remains.
We are not imprisoned by our circumstances, our history, or even our staggering defeats along the way.
Decline, it turns out, is largely self-inflicted, and the path to recovery lies largely within our own hands.
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 .
Anyone can fall and most eventually do.
There is no law of nature that the most powerful will inevitably remain at the top.
Every institution, no matter how great, is vulnerable to decline.
Great Companies can stumble, badly, and recover.
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.
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.
Decline can be reversed.
Decline can be detected.
Decline can be avoided
