Jim Collins' study of highly successful companies that subsequently failed indicated that these firms went through a five-stage process toward failure.What is the first stage of the process?
A) Leaders focus on succession planning initiatives,and firms expand globally.
B) Firms focus on external factors such as competitors and changing technologies.
C) Leaders strive to merge with successful companies to gain more market share.
D) Firms become insulated by success,and leaders adopt an entitlement mentality.
Correct Answer:
Verified
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