Do successful companies sow the seeds of their own destruction?
My last column on the benefits of failure prompted one reader to ask whether the converse is true: "do successful companies sow the seeds of their own destruction?"
Given that the average lifespan of a top 500 company in the U.S. is 40 years (12.5 years in Europe) the answer appears to be yes. Nothing recedes quite like success -- or, as Bill Gates once said, "success is a lousy teacher, it seduces smart people into thinking they can't lose."
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