After years of failed quick fixes, financial strength and individual spirit are exhausted. Leaders lose hope, and the company is sold, atrophies, or dies outright. Why Some Companies Never Give In
Overconfidence leads companies to overreach. They may pursue growth for the sake of scale, jump into markets where they cannot be "the best," or grow faster than their ability to fill key positions with the right people. How The Mighty Fall: And Why Some Companies Nev...
In 2001, Xerox was mired in Stage 4 with massive debt. CEO Mulcahy saved the company by making necessary but painful cuts, rebuffing advice to enter bankruptcy, and strategically increasing R&D to ensure long-term viability. After years of failed quick fixes, financial strength