Capitulation to Irrelevance or Death
Great Leadership Lessons, Note 30
The search for leader-saviors and silver-bullet solutions has not worked. Decline has continued, maybe even accelerated. At this late point, Collins says two things can happen (pp. 105).
(1) The leadership believes that giving up, closing shop, shutting down is better than fighting on.
(2) The leadership does not give up, but like a seriously advanced disease, the organization just dies... or shrinks to the point of irrelevance.
Collins has a profound insight that deserves a complete quote (pp. 111).