I’m currently reading Jim Collins’ new book, How the Mighty Fall. It provides some great insight into why and how companies fall from greatness. I plan to do a more in depth blog post soon, but for now, check out this quote:
“When an organization grows beyond its ability to fill its key seats with the right people, it has set itself up for a fall. Although complacency and resistance to change remain dangers to any successful enterprise, overreaching better captures how the might fall.”
Ponder that for a long time. There’s tremendous insight in that statement.