Then Collins puts 5 stages where companies pass through their death. This short work from Jim Collins is an eye-opener, especially if you're a fan of his previous block-busters, "Good to Great" and "Built to Last." I still don’t.
(then another 100 pgs of Appendices). Because it's conslusions are as piercingly insightful as always, but this book offers something new as well - it's wisdom works on both the institutional/organizational level and on the personal level. Additionally, Collins gives no data to support his assertions, relying solely on anecdotes and assurances that he has the data and has looked at it.Like his prior research, Jim Collins looked at several companies and their direct comparisons to identify commonalities shared by the failing companies that were not present in the comparison (successful) companies.Like his prior research, Jim Collins looked at several companies and their direct comparisons to identify commonalities shared by the failing companies that were not present in the comparison (successful) companies.Worthy of my trademarked award: SO GOOD, I'M READING IT TWICE! I have seen this trajectory many times (or parts of it) and it rang very true to me and was aI love Jim Collins books. Earlier reviewers have already stated the gist of what I would have shared.
Written By: Jim Collins JimCollins Publications (2009) “All falling companies are alike; each of them falls in its own way.” In How the Mighty Fall, Collins examines how and why once great companies have since declined.
1) Hubris born from success, 2) Undisciplined pursuit oAnother insightful business book by Jim Collins, with a focus on the causes behind great companies who have fallen--some into non-existence, some into bankruptcy, some into irrelevance, some into the history books of ignominy. The model takes into account factors including the age of a rating, whether the ratings are from verified purchasers, and factors that establish reviewer trustworthiness.This page works best with JavaScript. I've always been a huge fan of his work and this one is no different. He determined that there are five stages of decline for an organization:Collins does some great work as an author and material expert regarding the ... How do the mighty/great--former giants of business--fall? For example -- a turnaround for Nucor? The book was engaging, and difficult to put down, but I did pace myself so I could better absorb the concepts. The Jim Collins books are well researched academic/scientific approach to answering business questions. In a word, this book is fantastic.
Actually I liked the way he is analyzing companies and for me the study is based on a bunch of data which is carefully selected. Failure can be a pathway to success and so it is really helpful to learn from the failure stories of big heads and their bouncing back to glory. This book is an essential must read for any business owner and business culture, because it will help people recognize why businesses fail and what can be done to change course and get the business back on track.
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The author had done around 6 years of research for writing this book but I felt it was just a bunch of case studies on how companies have fallen , the reason might be different, in some it was an external CEO coming in trying to change values and culture, in some it was random experimentation in new product lines and in a few it was inability to cope up with a more innovative competition. No need to spin some contrived story about culture or whatever. A must read for anyone trying to turn around a situation. Basically he had a look on the performance of companies and selected 11 good and bad ones which are identical in terms of playing in the same market. This book came across less as a useful tool for avoiding disaster and more as a defense of why so many of the companies profiled in Good to Great failed (answer: they stopped following Collins' advice!) One of the ones that was a "Success Contrast" (to Bank of America) was Wells Fargo...and since the book was written, they have fallen hard & been exposed for fraudulent business practices & a level of greed/avarice that is unprecedented (just watched an episode of Dirty Money, Season 2, which excoriated their high pressure tactics & disregard of their personnel). Magic and myth, getting real and standing up for what’s right, love and longing, growing up and falling in love.
The output of the analysis is presented in an easy to consume manor that doesn't require an MBA. I am not a business graduate nor do I own a business, but reading about it did add to my existing perspectives. His work is very interesting and his methodology is adequate regarding leadership. United States ; Alabama (AL) Montgomery ; Montgomery Restaurants ; Mellow Mushroom; Search “How the mighty fall” Review of Mellow Mushroom. ), and 5) Capitulation to irrelevance or death.
It is always changing and not always changing for the good. Failure can be a pathway to success and so it is really helpful to learn from the failure stories of big heads and their bouncingThis is an on-point and quick read with enlightening ideas on how the too-great-to-fail businesses can crumple just because their leadership refused to acknowledge the signs of their demise. Finished this fantastic book written by #jimcollins and it was amazing. The author admit upfront that there is no way to conduct a proper study with control group because there is no way to repeat the same experiment and keeping every factors constant. Let us know what’s wrong with this preview of
As a pure enjoyment point of view, the book is a good read, as an educational book, I'd use it to either question methods or as a means of debate-defending various points of view for or against his methods and points of view. In How The Mighty Fall, he addresses the patterns evident in great companies when they fall, and how those patterns might be identified and reversed early.Finished in one seating.
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