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The $100 MBA Show

MBA2183 Must Read: How the Mighty Fall by Jim Collins

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.91.2K Ratings

🗓️ 21 November 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

Success is never immunity. Even the biggest businesses fail, as explored in this week’s Must-Read book review. Jim Collins’ How the Mighty Fall is a fascinating look at the demise of huge, multi-billion dollar enterprises — but its lessons are just as applicable to small businesses.

Transcript

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0:00.0

Heyo! Welcome to the $100 in B. A show! No Fluff just The Good Stuff Every Single Day with our daily 10 minute business

0:15.3

lessons for the real world.

0:17.5

I'm your host, your coach, your teacher Omar is at home.

0:20.5

I'm also the co-founder of Webinar Ninja, an independent software company I started

0:24.4

with my co-founder back in 2014. In today's episode is a must-read episode.

0:29.2

On our must-read episodes, I share with you a book that I've read that's influenced me as an entrepreneur

0:33.8

I share with you its takeaways, its insights, and why you should read it too.

0:37.6

Today's must read is How the Mighty Fall by Jim Collins.

0:42.3

How the Mighty Fall is about how so many companies can go from a massive

0:46.1

success to a crushing failure. In the book, Jim Collins argues it has nothing to do with the economy, bad luck, or even the success itself.

0:57.3

But instead it has everything to do with the leaders that steered the company in the wrong direction.

1:02.7

I thought this book and this must read episode

1:05.0

would be appropriate with the recent news of FTX,

1:09.0

a massive cryptocurrency platform that just tanked this week or at least the week I'm recording this.

1:16.6

How does a company like that go from being a 16 billion dollar company to zero? Now even though this book How the Mighty Fault

1:25.2

is not specifically about FDX it tells a story of why it happened because as we

1:30.9

know history repeats itself.

1:32.8

But the main reason why I wanted to share this book in this must read episode

1:36.8

is because the lessons in this book are applicable to all businesses.

1:41.0

We're all susceptible to falling into the same traps that these companies

1:45.5

that we kind of laugh at. Books like this help us to know what to look out for

1:49.2

so that we can check ourselves before we wreck ourselves. Let's get into it. Let's get into it. Let's get down to business.

...

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