How the Mighty Fall

he mighty fallBook

 Summary

 of

 “How

 The

 Mighty

 Fall”

 by

 Jim

 Collins

  Over

 the

 long

 holidays,

 I

 took

 the

 liberty

 of

 reading

 How

 The

 Mighty

 Fall

 And

 Why

  Some

  Companies

  Never

  Give

  In.

  It

  always

  intrigued

  me

  to

  find

  out

  how

  large

  companies,

 with

 rich

 history

 and

 successful

 businesses

 can

 actually

 slowly

 reach

 to

 a

  stage

 of

 decline.

 I

 mean

 these

 are

 companies

 who

 are

 well

 known

 and

 have

 brilliant

  staff

 working

 with

 them,

 and

 yet

 can

 catapult

 into

 oblivion.

  This

 shows

 that

 companies,

 no

 matter

 how

 successful

 they

 once

 were,

 can

 slowly

 or

  quickly

  spiral

  towards

  its

  destruction

  if

  they

  are

  not

  careful.

  By

  learning

  how

  the

  mighty

  fall,

  we

  can

  start

  asking

  better

  questions

  like

  how

  can

  decline

  be

  avoided?

  What

 are

 the

 stages

 of

 decline?

 How

 can

 my

 company

 reverse

 course?

  In

 Collin’s

 research

 project

 of

 more

 than

 four

 years,

 he

 has

 uncovered

 five

 stages

 of

  decline

 that

 is

 consistent

 with

 the

 studied

 companies:

  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

  Companies

  that

  were

  evaluated...