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In How The Mighty Fall: And Why Some Companies Never Give In, bestselling author, Jim Collins deduces the reasons why great companies fail and the various precautions which can be taken to avoid such a situation. Summary of the Book In How the Mighty Fall, Collins uncovers the five step-wise stages of decline of big companies. By analyzing and understanding the stages of decline, leaders will be able to substantially reduce the chances of failure. Collins believes that every institution, no matter how great, is vulnerable to decline. But with the help of the author’s research and guidance, companies can recover from their downward spiral. Insightful and very informative, How the Mighty Fall is an essential read for budding entrepreneurs. About Jim Collins Jim Collins is an American business consultant, lecturer and author. He studies Mathematics at Stanford University and later completed his MBA. Some of his most notable works include Good to Great and the Social Sectors and Great By Choice.