Tag: How the mighty fall
-
The 5 stages of decline of great companies
Adopted from Jim Collins’s book titled “How the Mighty Fall” The 5 stages of decline of great companies are: Stage 1 – Hubris born of the 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…