Great companies can fail due to becoming complacent with past success, relying too heavily on existing resources and strategies, and failing to reinvent themselves for the future. They may accumulate resources but lose creativity, see momentum as leadership, and be unable to escape the past or invent new strategies for the future. This leaves them vulnerable to new market conditions and rules.

1. Why do Great Companies Fail? http://www.drawpack.com your visual business knowledge business diagrams, management models, business graphics, powerpoint templates, business slides, free downloads, business presentations, management glossary Unparalleled track record of success No gap between expectations and performance Contentment with current performance Accumulation of abundant resources A view that resources will win out Resources substitute for creativity Optimized business system Deeply etched recipes Vulnerability to new rules Success confirms strategy Momentum is mistaken for leadership Failure to „ reinvent leadership“ INABILITY TO ESCAPE THE PAST! INABILITY TO INVENT THE FUTURE!

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