Icarus Paradox

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The Icarus Paradox is a neologism coined by Danny Miller, and popularized by his 1990 book by the same name, [1] for the observed phenomenon of businesses that fail abruptly after a period of apparent success.[2] In a 1992 article, Miller noted that some businesses bring about their own downfall through their own successes, be this through over-confidence, exaggeration, complacency. It refers to Icarus of Greek mythology who flew too close to the Sun and melted his own wings.[3]

  1. ^ Michael P. Griffin. "he Icarus Paradox.-(book reviews)", Management Review, December 1, 1990. Retrieved on 2008-01-06. 
  2. ^ Harry Barkema. "The Icarus Paradox", Univers, January 23, 2003. Retrieved on 2008-01-06. 
  3. ^ Danny Miller. "The Icarus paradox: how exceptional companies bring about their own downfall", Business Horizons, January-February, 1992. Retrieved on 2008-01-06. 
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