I just finished Jim Collins’ truly enlightening book, “How The Mighty Fall”. It’s a short read covering the five steps to an organization’s decline, and is one of the best books I’ve read in a LONG time. It’s just too good not to share, so below are some quick notes I took while reading:
THE FIVE STAGES OF DECLINE
1. Hubris Born Of Success
- Biggest mistake is confusing what and why.
- “We’re successful because of what we do so well” replaces “we’re successful because we understand why we do specific things, and under the conditions in which they would no longer work.
2. Undisciplined Pursuit of More
- Leaders stray away from the key to success: disciplined creativity
- The company dives into areas where they cannot be excellent or are outside the scope of work that made them successful to begin with
3. Denial of Risk and Peril
- The company and its leaders discount negative data, amplify positive data, and put a positive spin on ambiguous data
4. Grasping For Salvation
- Leaders panic, and begin to take bold leads into unknown/unmastered territory, look for mergers/acquisitions, and pursue untested strategies.
- Only hope left at this stage is to go back to disciplined creativity
5. Capitulation to Irrelevance or Death
- You can be profitable and bankrupt. You pay your bills with cash.
- The best leaders feel a sense of urgency in both good and bad times.
- Recovery lies in sound strategic thinking.
“Circumstances alone do not determine outcomes. We are not imprisoned by our circumstances, our setbacks, our history, our mistakes or our staggering defeats. We are freed by our choices.”
“The point of struggle is not just to survive, but to build an enterprise that makes such a distinctive impact on the world it touches, and does so with such superior performance, that it would leave a gaping hole – a hole that could not be easily filed by any other institution – if it ceased to exist.”
1) Why Ignoring Labels is the Best Way To Get Signed
2) The Golden Circle: Why Are You Doing What You’re Doing?
Just finished the amazing e-book “Stop Stealing Dreams”, which is all about issues with our education system and what our colleges (and world) need more (and less) of.
I think every parent should READ THIS.
My favorite piece of the book – worth sharing:
When we teach a child to make good decisions, we benefit from a lifetime of good decisions.
When we teach a child to love to learn, the amount of learning will become limitless.
When we teach a child to deal with a changing world, she will never become obsolete.
When we are brave enough to teach a child to question authority, even ours, we insulate ourselves from those who would use their authority to work against each of us.
And when we give students the desire to make things, even choices, we create a
world filled with makers.
First off, thanks for being here.
I figure the first post should give you some insight on what you can expect from this blog, and from me.
You can expect the topics here to range somewhat, with themes generally involving:
- strategy and promotion for independent/local/emerging artists
- artist management
- social media
- purpose, passion, and inspiration
- productivity and work ethic
- music to check out
- books to read
- all-things-Larry David
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If anything changes, I’ll let you know.