I've always found the insight of Jim Collins very interesting. In a Business Week article, he talks about the various stages of how a Good/Great company starts to get into trouble and why.
If you haven't read Jim's book, Good to Great, then you're really missing out on some key ideas that can be applied to almost any company, group or organization. I highly recommend it.
From Business Week:
http://feedroom.businessweek.com/?fr_story=1148b1c2385a2af54c528872d478240e72f62d2f&rf=bm
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