How The Mighty Fall – book review

Jim Collin’s latest book is a great reminder for executives leading in today’s turbulence about what it takes to lead great companies.  Whether you are in a leading company or one working to become one, Collin’s study of companies who have fallen from greatness is a great compilation of reminders about what NOT to do as much as what TO do to lead great companies.  Why not learn from other’s mistakes which Collin’s does a succinct job of organizing into 5 stages of decline.

A quote I really resonated with:  “The point of the struggle is not just to survive, but to build an enterprise that makes such a distinctive impact on the world it touches, and does so with such superior performance, it would leave a gaping hole – a hole that could not be easily filled by any other institution – if it ceased to exist.  To accomplish this requires leaders who retain faith that they can find a way to prevail  pursuit of a cause larger than mere survival (and larger than themselves), while also maintaining the stoic will needed to take whatever actions must be taken, however excruciating, for the sake of the cause.  This is the very type of leader who finds a path out of the darkness and gives us well-founded hope.”

Find this book at Jim Collin’s web site.

My colleagues and I at Paragon Leadership are equipped to help companies succeed, not fail.  Check us out at http://www.paragon-lead.com.

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4 comments on “How The Mighty Fall – book review

  1. Thanks Diane for a great recommended read. Love the inspiration from Jim. Looking forward to more good ideas and inspiration from you this year!

  2. As a fan of ‘Good to Great’ and ‘Built to Last’ I look forward to reading another Collins book. It is interesting to note that in all Collin’s work, I find that the intent (or resolution) to serve a cause larger than the company or themselves is a key attribute to not only surviving but thriving. BHAGs live on!

    • You will enjoy this one then Mary. It is not only helpful for some new insights, but some refreshers on the principals that were so useful as you refer to from his past works. Please share with us any good books you are reading from time to time. All the best in 2010!

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