Book Titles

How the Mighty Fall
And Why Some Companies Never Give In

By Jim Collins

Year Published: 2009
ISBN-13: 978-0977326419
Categories: Enterprises, Failure, Greatness

59 Quotes Found

Quote Image Quote Page Number

How the Mighty Fall:

…the greatest danger comes not in ignoring clear and unassailable facts, but in misinterpreting ambiguous data in situations when you face severe or catastrophic consequences if the ambiguity resolves itself in a way that’s not in your favor.

070

How the Mighty Fall:

Audacious goals stimulate progress, but big bets without empirical validation, or that fly in the face of mounting evidence, can bring companies down, unless they’re blessed with unusual luck. And luck is not a reliable strategy.

070

How the Mighty Fall:

Reorganizations and restructurings can create a false sense that you’re actually doing something productive… But when you begin to respond to data and warning signs with reorganization as a primary strategy, you may well be in denial.

080

How the Mighty Fall:

There is no organizational utopia. All organizational structures have trade-offs, and every type of organization has inefficiencies.

080

How the Mighty Fall:

The signature of mediocrity is an unwillingness to change. The signature of mediocrity is chronic inconsistency.

092

How the Mighty Fall:

…rebuilding greatness requires a series of intelligent, well-executed actions that add up one on top of another.

094

How the Mighty Fall:

…research into what it takes to prevail in a turbulent environment… shows a distinct negative correlation between building great companies and going outside for a CEO.

095

How the Mighty Fall:

When we find ourselves in trouble… The very moment when we need to take calm, deliberate action, we run the risk of doing the exact opposite and bringing about the very outcomes we most fear.

096

How the Mighty Fall:

…leaders atop companies in the late stages of decline need to get back to a calm, clear-headed, and focused approach.

097

How the Mighty Fall:

If you want to reverse decline, be rigorous about what not to do.

097