How the Mighty Fall by Jim Collins is a must read book for business owners and executives who want to understand how great companies fall from grace. Fascinating, factual, unconventional in its wisdom.
The research was completed prior the current breakdown in our economy, where so many so call ‘excellent’ firms have fallen. Makes it data even more compelling.
My takeaway at this point: Just like in Good to Great Collins shows the there are no overnight successes, this book shows there are very few overnight failures. He even answers his critics that think Good to Great should be titled Good to Great to Goat.
In the next week or so, I’ll be posting more takeaways on How the Mighty Fall. Stay tuned. This might become a mini-series.