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.