Monday, May 18, 2009

The Warning Signs: How Mighty [Companies] Fall

... and how they can recover. A pretty interesting article from Businessweek, by Jim Collins, the author of Good to Great:

With a road map to decline in hand, institutions heading downhill might be able to apply the brakes early and reverse course. We've found companies that recovered—in some cases, coming back even stronger—after having crashed down into the depths of Stage 4. Our research indicates that organizational decline is largely self-inflicted, and recovery largely within our own control. So long as you never fall all the way to Stage 5, you can rebuild.

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