Comeback: Can Great Companies Rise Again?

A cardinal rule of business? Success is never permanent. Comeback explores the turbulent journeys of eight iconic firms - Intel, Amazon, Dell, Best Buy, Disney, Pepsi, Monsanto, and Tesla - as they struggled to reclaim their former status in the face of various crises they confronted. This book offers a deep and compelling analysis of the strategic choices, leadership decisions, and market forces that shaped their rise, fall, and recoveries.

Most of these firms were able to stabilize their situations after experiencing crises, but none has fully regained industry-shaping dominance: Amazon remains caught between its low-margin retail core and its high-growth cloud unit, Pepsi has pulled back from the healthier alternatives it started to sell, and Tesla's global lead in EVs is weakening under assault from rising Chinese competitors. Advancing the invaluable lesson that while downturns of different types in business are extremely common and full resurgence is rare, author Alfred A. Marcus investigates what held these companies back from restoring their past glory. Drawing on decades of expertise in strategy and business analysis, Marcus presents a compelling framework for understanding corporate renewal.

Comeback explores the paradoxes that underperforming businesses must navigate and reveals the challenges of innovation, competitive pressures, and shifting consumer expectations. The book demonstrates how the companies it describes hedged their bets, adapted to evolving conditions, and wrestled with the uncertainty of transformation. It sheds light on their accomplishments and setbacks, providing key insights into the paths that any company needs to take to make a comeback.

Whether you're an investor, strategist, or business leader Comeback provides essential lessons about resilience, transformation, and the difficult path from survival to sustained success.