Good to Great: Why Some Companies Make the Leap...And Others Don't
The Challenge:Built to Last, the defining management study of the nineties, showed how great companies triumph over time and how long-term sustained performance can be engineered into the DNA of an enterprise from the verybeginning. But what about the company that is not born with great DNA? How... show more
The Challenge:Built to Last, the defining management study of the nineties, showed how great companies triumph over time and how long-term sustained performance can be engineered into the DNA of an enterprise from the verybeginning. But what about the company that is not born with great DNA? How can good companies, mediocre companies, even bad companies achieve enduring greatness? The Study: For years, this question preyed on the mind of Jim Collins. Are there companies that defy gravity and convert long-term mediocrity or worse into long-term superiority? And if so, what are the universal distinguishing characteristics that cause a company to go from good to great? The Standards:Using tough benchmarks, Collins and his research team identified a set of elite companies that made the leap to great results and sustained those results for at least fifteen years. How great? After the leap, the good-to-great companies generated cumulative stock returns that beat the general stock market by an average of seven times in fifteen years, better than twice the results delivered by a composite index of the world's greatest companies, including Coca-Cola, Intel, General Electric, and Merck. The Comparisons: The research team contrasted the good-to-great companies with a carefully selected set of comparison companies that failed to make the leap from good to great. What was different? Why did one set of companies become truly great performers while the other set remained only good? Over five years, the team analyzed the histories of all twenty-eight companies in the study. After sifting through mountains of data and thousands of pages of interviews, Collins and his crew discovered the key determinants of greatness -- why some companies make the leap and others don't. The Findings: The findings of the Good to Great study will surprise many readers and shed light on virtually every area of management strategy and practice. The findings include: Level 5 Leaders: The research team was shocked to discover the type of leadership required to achieve greatness. The Hedgehog Concept: (Simplicity within the Three Circles): To go from good to great requires transcending the curse of competence. A Culture of Discipline: When you combine a culture of discipline with an ethic of entrepreneurship, you get the magical alchemy of great results. Technology Accelerators: Good-to-great companies think differently about the role of technology. The Flywheel and the Doom Loop: Those who launch radical change programs and wrenching restructurings will almost certainly fail to make the leap. “Some of the key concepts discerned in the study,” comments Jim Collins, "fly in the face of our modern business culture and will, quite frankly, upset some people.” Perhaps, but who can afford to ignore these findings?
Publish date: October 16th 2001
Pages no: 300
Edition language: English
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Good to Great: Why Some Companies Make the Leap... and Others Don't by Jim Collins (?)
I read this book with the hope that it would be absolutely revealing, eye-opening, inspiring...I was wrong.I guess I'll put this book under the same category as "The Tipping Point." (I DESPISE that book, so please if you like Malcom Gladwell, refrain from reading this review). While there are some s...
The chapter on leadership was very good and completely applicable to any time period. Where the book misses is in using specific company examples; a few of which are no longer around. I also thought there were too many charts and the appendix was a bit overwhelming - perhaps meant more for an academ...
I found this book interesting on two levels. One was the useful data that Collins and his team provide for what makes some companies truly great. These finding need not apply only to businesses--they can also apply to individuals, churches, etc. The second level that interested me was all of the his...
A decent read. After reading Built to Last by Collins, I figured i could pick up and adapt some of his tips to education. You definitely can. While primarily looking at a core of businesses (Abbott, Kimberly Clark, Wells Fargo, Circuit City, among others), he does provide tips that would transcen...