If you have not yet had the chance
to pick up a copy of Jim Collins’ book: How The Mighty Fall, I highly recommend this book. As always, Collins has researched companies that were once great and studied their decline. There are 5 stages in the downward spiral, and leaders can learn a great deal by noticing the stages. As Collins points out, it is much easier to turn a company around in the early stages of the decline.
For an excerpt from the book, visit this link on Business Week online..
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