Jim Collins's 2009 book identifying the five stages of organizational decline — Hubris Born of Success, Undisciplined Pursuit of More, Denial of Risk and Peril, Grasping for Salvation, Capitulation — applicable to companies, nations, and institutions.
Provides the most systematically researched model of how previously great organizations decline — and the hopeful finding that organizations can arrest decline even at stage 4 — making it applicable beyond business to any institution or personal situation involving a trajectory from success to failure.
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