Jim Collins,researcher of enduring great companies,found that there are five stages of institutional decline which are largely self-inflicted.

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Jim Collins,researcher of enduring great companies,found that there are five stages of institutional decline.The stages,which are largely self-inflicted,include stage 1,hubris born of success;stage 2,undisciplined pursuit of more;stage 3,denial of risk and peril;stage 4,grasping for salvation;and stage 5,capitulation to irrelevance or death.

Jim Collins,researcher of Enduring Great Companies,found That There Are Five