How the Mighty Fall - And Why Some Companies Never Give In

Key Facts from "How the Mighty Fall - And Why Some Companies Never Give In"

1. Organizations go through five stages of decline, not necessarily in linear order.
2. The first stage of decline, 'Hubris Born of Success', is characterized by arrogance and disregard for the factors that led to success.
3. Stage two, 'Undisciplined Pursuit of More', is marked by overreaching and straying from a company's core competencies.
4. In stage three, 'Denial of Risk and Peril', leaders ignore or dismiss negative data, amplify positive data, and begin to blame external factors for setbacks.
5. 'Grasping for Salvation' is the fourth stage, characterized...

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