Jun 22, 2021
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General specifications at a glance- How The Mighty Fall Book
Collins points out that a company does not have to go through all stages of decline, they can determine when they are in decline and can turn things around with some effort and attention. He also points out that not all companies deserve to survive; it’s good that some fail. To make his case on the stages of decline and the results, Collins has provided many examples from companies we might know.
What stands out most in this book is how we can see that in our very success lie the seeds of our own demise. It makes Andy Grove’s view of “only the paranoid survive” one that makes sense. If we are always concerned and afraid that we won’t make it to the next year and that competitors are about to best us and customers abandon us then we are not too likely to become victims of hubris and excess. We can learn from that attitude.
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