New Book from Jim Collins: How The Mighty Fall

Here is a clip of Jim Collins talking about the core concepts from his new book, “How the Mighty Fall“.

  

 

I love the simple ways he presents the findings of their research…He breaks the process into 5 stages and in Jim Collins style, links them to a growth chart of a company: 

 

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

 

 

The key here is to be able to spot if your organization is getting caught on this path – and to catch it early on.

 

There is also a detailed story in BusinessWeek this week.

 

Take a read for yourself…I have yet to read the whole book but expect that it will be as good as Good To Great and Built To Last. 

 

CoachKevin’s Challenge:

•  Where could you be getting caught up in your own success in away that could lead to your demise?
• What can you do to get a good reality check?