4min snip

Wisdom From The Top with Guy Raz cover image

Built to Last, Great by Choice: Jim Collins

Wisdom From The Top with Guy Raz

INSIGHT

Companies decline in five stages, much like a disease, often appearing healthy on the outside while internally declining

  • Stage 1: Hubris born of success (arrogance)
  • Stage 2: Undisciplined pursuit of more (overreaching)
  • Stage 3: Denial of risk and peril (warning signs emerge)
  • Stage 4: Grasping for salvation (visible decline)
  • Stage 5: Capitulation to irrelevance or death (no return)
00:00

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