How the Mighty Fall #1

I am reading a non-fiction novel called How the Mighty Fall and why Some Companies Never Give In, by Jim Collins. I feel this book will be enjoyed by me as I hope to work in the corporate world of business, and this book can help me detect whether or not a company should fall or not.

I have already read 1/3 of the book and so far and have found that the book presents the decent of a company in the form of stages. In the case of the book, there are 5 stages that will be explained throughout the non-fiction novel.

I have read to the point in the novel where it has explained stages 1 and 2. Stage 1, being Hubris Born of Success, and stage 2 being Undisciplined Pursuit of More.

Stage 1: Hubris Born of Success:

This stage indicates that a company that is doing well will think that it has no problems and nothing can bring them down. This causes companies to neglect their provinces and indefinitely leads to stage 2.

Stage 2: Undisciplined Pursuit of More:

This stage indicates that companies will start to make irrational decisions to expand or to make more of a profit. This usually ends up letting them lose a lot of money in long term, causing them to go into stage 3, which is what I have yet to read.

-Francis Laferriere