This is the third in the series of books from Dr. Jim Collins: Built To Last, Good To Great, and now How The Mighty Fall. This is a book that Dr. Collins wished he didn’t have to write, as he uncovers the markers that contributed to the failure of once-great companies.
If you are a frequent reader of my blog, you’re probably wondering why I’m reading/reviewing a business book. The answer is simple: the principles Jim Collins uncovers in his books are rock-solid principles of success and failure, regardless of the organization in which they are practiced or ignored. In all three of his books, I have mined so many great truths to apply to my personal life, as well as the organizations I lead.
In How The Mighty Fall we learn about the five stages of decline for once-great organizations. Working backward from his evidence, Dr. Collins then gives us “markers” to look for in our own organizations that would tip us off to the stages of decline.
Why study this? Because I want to lead a great church! This quote from the book especially resonates with me:
“The point of struggle is not just to survive, but to build an enterprise that makes such a distinctive impact on the world it touches, and does so with such superior performance, that it would leave a gaping hole — a hole that could not be easily filled by any other institution—if it ceased to exist.” (emphasis added)
If you are involved in the leadership of any organization (whether for-profit or non-profit), I would encourage you to devour all three of Jim Collins’ books.