It might be a good time to reflect on the message in Jim Collin’s book, How The Mighty Fall: And Why Some Companies Never Give In.
In his book, Collins sets out the 5 stages of decline. Even without a lot of explanation, you can ferret out what can happen at each of these stages:
Stage 1: Hubris Born of Success
Stage 2: Undisciplined Pursuit of More
Stage 3: Denial of Risk and Peril
Stage 4: Grasping for Salvation
Stage 5: Capitulation to Irrelevance or Death
As today’s quote suggests, decline is largely self-inflicted. We are not imprisoned by our circumstances, our past actions, or even our staggering failures along the way.
As long as we stay on the field and don’t surrender, we can still prevail.
