The Five Stages of Corporate Decline

Companies flame out in five steps, according to business guru Jim Collins (How the Mighty Fall: And Why Some Companies Never Give In, HarperCollins, $23.99).

By Jim Collins
From Reader's Digest
Advertisement
 
Understand what’s going on, he says, and you can sometimes reverse it:

1. Hubris of success

2. Undisciplined pursuit of more

3. Denial of risk and peril

4. Grasping for salvation

5. Capitulation to irrelevance or death
From Reader's Digest - August 2009
 
Must Read Should Everyone Read This? Yes! I vote for this story
Share Your Comments
Post a Comment
 
Remaining Character Count:
 
See All Comments

Advertisement
 
Related Topics
Related Links
  • Home-Staging Tricks of the Trade
  • How to see past the artful touches of the anxious seller and real estate agent.
  • How to Talk Hospital
  • The Essential Hospital Handbook, by Patrick Conlon (Yale University Press, $18), covers every aspect of a visit: from the ER and surgery to intensive care and recovery.

Get It Through E-mail

Get info and tips you can really use!
Sign up to receive the This Week@RD newsletter.


Advertisement

Digg

Popular stories from the source site rd.com sorted by diggs
Powered by Digg's Users