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Author: James C. Collins

Narrator: Ryan

Format: MP3

IBSN: 9780977326419

Language: English

Publish Date: 01/01/2009

Audiobook length: 31 min

Contents

Chapter 1Overview
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Chapter 2Latent Phase Why do outstanding companies decline
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Chapter 3Crisis Phase The standard process of corporate decline
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Chapter 4Built to Last How to counter corporate decline
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Chapter 5Summary & Review
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Why listen to How the Mighty Fall

Listening to the summary audiobook of "How the Mighty Fall" by James C. Collins is an invaluable opportunity to grasp the key insights and lessons from this acclaimed work on business decline and sustainability. In a concise format, the audiobook distills Collins' research into the stages of decline that organizations may face, offering listeners practical wisdom and cautionary tales that can help them recognize the warning signs within their own enterprises. By absorbing these powerful concepts, leaders and aspiring professionals can equip themselves with the tools to foster resilience and ensure lasting success in an ever-evolving marketplace.

Author : James C. Collins

James C. Collins, a professor of management at Stanford University, is the author of the bestseller Built to Last: Successful Habits of Visionary Companies and of Good to Great: Why Some Companies Make the Leap...And Others Don't. Both books made the Forbes' list of the 20 best business bestsellers of the 20th century. Collins himself is recognized by business leaders as one of today’s most relevant thinkers on management, and has been named to the "Thinkers 50" list every year from 2001 to 2019.

Key Insights from How the Mighty Fall

  • Decline is often a gradual process that can surprise leaders; it starts with hubris, where success causes overconfidence and disconnect from reality. In this stage, companies fail to recognize the signs of impending troubles, leading to a lack of proactive measures to address vulnerabilities.
  • As firms descend into crisis, they often enter a stage defined by a loss of focus, which may manifest as a diversion into new ventures rather than solidifying core strengths. Successful companies must prioritize their foundational principles and culture to navigate through turbulent times effectively.
  • The final stage of decline can lead to an organization's total collapse, often accompanied by denial and a refusal to accept reality. For recovery, companies must acknowledge their weaknesses, embrace strategic humility, and prioritize long-term sustainability over short-term gains.
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Brief In, Brilliance Out

Contact: buildlearn.bk@gmail.com