Monday, August 31, 2009

Dangers to successful enterprises

How the Mighty Fall
Jim Collins

Five stages of decline

Decline of enterprises does not happen all of a sudden, but in stages, says Jim Collins. His book How the Mighty Fall speaks of five stages of decline, viz. hubris born of success, undisciplined pursuit of more, denial of risk and peril, grasping for salvation, and capitulation to irrelevance or death.


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