Large Firms
Nov. 16, 2012
Review: "How the Mighty Fall"
Author Jim Collins identifies five major stages of the decline of a major business organization, including the critically important fourth - a characteristic of a large portion of Big Law firms today. By Edwin Reeser
Jim Collins, renowned business consultant and author of "Built to Last" and "Good to Great," identifies five major stages of decline of a major business organization: (1) Hubris Born of Success; (2) Undisciplined Pursuit of More; (3) Denial of Risk and Peril; (4) Grasping for Salvation; (5) Capitulation to Irrelevance or Death.
His book, "How the Mighty Fall," gives detailed perspectives on each stage, inclu...
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