Icarus paradox

The Icarus paradox is a neologism coined by Danny Miller in his 1990 book by the same name.[1] The term refers to the phenomenon of businesses failing abruptly after a period of apparent success, where this failure is brought about by the very elements that led to their initial success. It alludes to Icarus of Greek mythology, who drowned after flying too close to the Sun. The failure of the very wings that allowed him to escape imprisonment and soar through the skies was what ultimately led to his demise, hence the paradox.[2]

  1. ^ Vermeulen, F. (4 March 2009). "Businesses and the Icarus Paradox". Harvard Business Review. Harvard Business Publishing. Retrieved 9 October 2014.
  2. ^ Miller, D. (1990). The Icarus Paradox. HarperBusiness. ISBN 0-88730-453-2.