Adjacent: Business History Lenses · Adjacent
Why Great Companies Fail
The recurring ways leaders collapse: disruption, the success trap, over-leverage, culture rot and fraud, and bad capital allocation; Collins's five stages of decline; and cases from Kodak, Nokia, Sears, GE, Lehman and Enron.
Step 1 of 5 · Overview30 min read ·
Key idea
Prereqs: Disruption & the innovator's dilemma; Lehman Brothers. Next: Business cycles & corporate survival; capital allocation. Sources: Jim Collins, *How the Mighty Fall* (2009); Donald Sull, 'Why Good Companies Go Bad' (HBR, 1999); Stanford GSB.Next: 1. Collins's five stages