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James Donaldson’s Book Review – How The Mighty Fall by Jim Collins

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How The Mighty Fall

http://www.audible.com/pd/Business/How-the-Mighty-Fall-Audiobook/B002V8N7S6T
I thought this was an excellent book on leadership and business strategy. As a business owner myself for almost 25 years, I have seen how a company can find themselves in the various stages of decline if they are not careful.

Even our company went through some precarious times as we went through an “expansion mode and business model change” right at the beginning of the recession in the mid-2000’s.  That was a time when financing was easy and banks we almost “giving” money away to almost anyone who asked.  I got caught holding the bag as the personal guarantor on the business loans and then started taking the pro-active steps to right “the ship”, downsize, cut overhead and get back to focusing on what we do well.  Just in the nick of time!

Collins’s book points out some straight-forward approaches and steps that business owners and leader can/should be aware of and take in order to keep their businesses running well and profitable/successfully.

Great book for all!

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