Today I want to talk to you about How Hubris Makes The Mighty Fall.
Today’s episode How Hubris makes the Mighty fall is brought to you from the book How The Mighty Fall by Jim Collins.
Jim Collins is Author of the book Good to Great, which is a book about major companies who excel. In this sort of sequel to that book, Jim wrote there are 5 stages of decline for major companies. The first stage is like pride called Hubris born of success.
When companies forget that luck played a part in their success and think they are successful because they do specific things and forget why they do specific things and under what conditions would they no longer work they are headed for a fall.
Position Yourself To Win.