Jim Collins' Study of Highly Successful Companies That Subsequently Failed

question 8

Multiple Choice

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.

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Definitions:

Discipline

The practice of training people to obey rules or a code of behavior, using punishment to correct disobedience.

Regular Guards

Personnel tasked with maintaining security, order, or supervision in public or private spaces, often distinguished from specialized or military security forces.

Oversight

Supervision or oversight intended to ensure that an activity is being conducted correctly and to identify areas for improvement.

Systematic Oversight

Systematic oversight involves organized and consistent monitoring and evaluation of a process, system, or organization to ensure compliance with standards and to improve efficiency and effectiveness.