I’m looking forward to reading Jim Collins’ book, How the Mighty Fall: And Why Some Companies Never Give In. I really enjoyed the following excerpt from the New York Times article on him and the book:
Now the stages of decline that he maps out in the book — hubris born of success; undisciplined pursuit of more; denial of risk and peril; grasping for salvation with a quick, big solution; and capitulation to irrelevance or death — offer a kind of instant autopsy for an economy on the stretcher.
I think that we can all be careful of these stages of decline in our own lives. When things are going great, it’s so easy and compelling to stop doing the little things that led to our success.
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