Jul 20, 2017 · Brendan Jacques Good to Great Summary Throughout the book “Good to Great” author Jim Collins explains why companies either make the jump from good to great or remain mediocre. In order to transform your company from good to great you don’t need to do many things well, but rather do one thing better then anyone else in the world. It may take time to …
Dec 17, 2013 · Good to Great by Jim Collins Cliff Notes Max Hodgen Chapter 1 ‐ Good is the Enemy of Great Theme of the book – Discovering what made good companies great. *Phase 1: The Search A six month long financial analysis looking for companies that showed the following basic pattern: 15 years cumulative stock returns at or below the general stock market, …
We would like to show you a description here but the site won’t allow us.
Nov 22, 2018 · If anybody wants to make career as expert, don’t depend on CourseHero. “Course Hero steals from their tutors by closing their accounts. The accounts are closed taking with the accumulated tutors’ earnings.”. “The people at Course Hero suck your original works into their online database, use those works to entice poor students into a ...
Chapter 5 (“The Hedgehog Concept (Simplicity Within the Three Circles)”) draws on Collins’s research to suggest that a good-to-great is like a hedgehog—simple, seemingly unimpressive, but highly consistent. The hedgehog image serves as the basis for the three intersecting circles that combine to create greatness: what you are deeply passionate about, what drives your …
Good to Great, published in 2001, serves as both a follow-up and thematic prequel to author Jim Collins’s 1994 best seller, Built to Last. Comprehensive in the scope of its research, Good to Great is an examination of the defining qualities of greatness in companies that have made a pivotal transition from “good” ...
Technology is important in a company’s constant evolution and growth, but it cannot make or break a company on its own. Furthermore, good-to-great companies strategically select new technologies that align with the core tenets of their Hedgehog Concepts, rather than simply jumping onto the bandwagon of the latest fad.
Many people and companies settle for good because it’s easier. Many companies don’t even try to be great. There’re not striving to be the best in the industry. This opens the door to competitors. Being the best means there is absolutely no room for mediocre thinking. It’s the same in our lives. Few people lead great lives. This is because they’re happy with living a good life.
2. Engage in dialog and debate, not coercion. Engage in a debate, have heated discussions, even agree to disagree, but great leaders never coerce people. 3. Conduct autopsies without blame and use them to learn. Things can and will go wrong. Even great companies make mistakes.
Being the best means there is absolutely no room for mediocre thinking. It’s the same in our lives. Few people lead great lives. This is because they’re happy with living a good life. There’s a lot to cover in this summary, so let’s jump in at look at the first of our 6 concepts. 1.
You must let go of the wrong people. It isn ’t fair on them and it’s not fair on the organization to keep them around. But a word of caution: don’t overlook the possibility that the right person might just be in the wrong position.
The leaders of Good to Great companies start by assuming they don’t know what is required. They ask questions until a picture of reality and its implications emerges. The continued use of probing questions slowly brings the reality to the surface.
Discipline. Discipline. Discipline. To go from a good company to a great company you need disciplined people, disciplined thought, and disciplined action. » Disciplined people: means getting the right people and keeping them focused on excellence.
Course Hero hosts a nationwide, professional network of verified college instructors who share lecture slides, syllabi, and lesson plans. To encourage a sense of community among educators, Course Hero holds an annual Education Summit in July to connect educators to one another, to the larger teaching and learning community, ...
Course Hero is legit! We know the Internet can be a sketchy place, so here’s some info about the company behind the website. Course Hero is a mission-driven edtech company headquartered in Redwood City, California. Since its inception in 2006, the company has built a community of over 1 million paid users and more than 20,000 educators who ...
Course Hero is a mission-driven edtech company headquartered in Redwood City, California. Since its inception in 2006, the company has built a community of over 1 million paid users and more than 20,000 educators who contribute to the site. In fact, one in 20 college students uses Course Hero. Heck, we are even verified on Instagram, which you can ...
The Hedgehog Concept: Simplicity leads to greatness. When confronted by predators, the hedgehog’s instinct is to curl up into a protective ball. This single response is simple and works as a response to any attack. To transition from Good to Great, companies should focus on doing one thing better than anyone else in the world. This single-function will become the organization’s “Hedgehog Concept.”
Specifically, Collins defined “Level 5 Leadership” as a key to moving from good to great. Level 5 leaders achieve better results than the “strategic and effective” Level 4 leaders. Level 5 leaders also have intense determination and profound humility. They remain humble learners while having a steadfast resolve.
Collins learned that factors such as CEO compensation, technology, mergers and acquisitions, and change management initiatives played relatively minor roles in moving from Good to Great. Instead, Collins found that successes resulted from three main factors: 1 disciplined people 2 disciplined thought 3 disciplined action
Disciplined Action. A Culture of Discipline: Sustained great results depend upon an overarching organizational culture of discipline. The single most important discipline is fanatical adherence to the Hedgehog Concept by shunning opportunities that do not meet your singular “better than anyone else” criteria.
The flywheel effect: A Good to Great transformation looks dramatic to customers and the market, but the beginnings may be unnoticed inside the company. The process is akin to pushing a large, heavy flywheel. It takes a lot of effort to get started and build energy, but with persistent pushing in a consistent direction over a long period, the flywheel builds momentum and eventually can’t be stopped – achieving breakthrough results.
Top 10 Quotes from Good to Great 1 “Greatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice, and discipline.” 2 “The purpose of bureaucracy is to compensate for incompetence and lack of discipline.” 3 “Great vision without great people is irrelevant.” 4 “A company should limit its growth based on its ability to attract enough of the right people.” 5 “For, in the end, it is impossible to have a great life unless it is a meaningful life. And it is very difficult to have a meaningful life without meaningful work.” 6 “By definition, it is not possible to everyone to be above the average.” 7 “Faith in the endgame helps you live through the months or years of buildup.” 8 “The moment you feel the need to tightly manage someone, you’ve made a hiring mistake.” 9 “What separates people, Stockdale taught me, is not the presence or absence of difficulty, but how they deal with the inevitable difficulties of life.” 10 “Mediocrity results first and foremost from management failure, not technological failure.
It focuses on how companies change and evolve, and presents strategies to ensure that your company makes the leap to success correctly.
“The purpose of bureaucracy is to compensate for incompetence and lack of discipline. ”. “Great vision without great people is irrelevant.”. “A company should limit its growth based on its ability to attract enough of the right people.”.