Jim Collins on "Overreaching"

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.