If you missed the introduction to Jim Collins book "How the Mighty Fall" jump over to Matt Miller's blog
here. I will begin the second part today- the first two stages of decline.
Stage 1: Hubris Born of Success:
Collins opens up with the beginning of Motorola's fall from greatness. It started with stage 1.
Hubris: "excessive pride that brings down a hero, or alternatively, outrageous arrogance that inflicts suffering upon the innocent." Yikes!
Multiple forms of hubris:1. undisciplined leaps
2. company's pursuit of growth beyond what what it can deliver with excellence
3. bold, risky decisions of conflicting or negative evidence
4. denying that the company may be at possible risks, due to other competitors
5. And finally the most insidious form of hubris:
Arrogant NeglectMarkers for Stage 1: [self- diagnostic checklist of possible decline]
1.
Success entitlement, Arrogance: people begin to believe that success will continue almost no matter what the organization decides to do, or not to do
2.
Neglect of a primary flywheel: leaders neglect [due to distractions] a primary flywheel, failing to renew it with the same creative intensity that made it great in the first place
3. " What" replaces "Why": rhetoric of success [we're successful b/c we do these specific things] replaces understanding & insight [we're successful b/c we understand why we do these specific things & under what conditions they would no longer work]
4.
Decline in learning orientation: leaders lose the inquisitiveness & learning orientation that mark those truly great individuals who, no matter how successful they become, maintain learning curve as steep as when they first began their careers.
Stage 2: Undisciplined Pursuit of More
Opens with the thought that many companies fall because of complacency
"Over reaching tends to increase after a legendary leader steps away."
The best leaders, in these two sections "had a peculiar genius for seeing themselves as not all that important, recognizing to build an executive team & to craft a culture based on core values that do not depend on a single heroic leader." [eg. Walmart, Best Buy]
Though he is a "leadership skeptic" he concludes: "while no leader can single-handedly build an enduring great company, the wrong leader vested with power can almost single-handedly bring a company down."
Join the next sections by visiting Lilibeth's blog
here.
What are some companies and/or leaders that you've seen start off great but then failed?
What areas do you want to improve or continually practice as you lead your ministry, occupation, family?
Continue being a leader that learns, grows, and works out humbleness... hmmm.. good things for me to put into practice...