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[Others] Good to Great: Why Some Companies Make the Leap...And Others Don't by Jim Collins

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Post time: 23-6-2020 14:54:26
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Good to Great: Why Some Companies Make the Leap...And Others Don't
by Jim Collins

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

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Post time: 26-6-2020 09:42:10
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Edited by seatlawyer at 26-6-2020 09:43 AM

You might consider merging with www.craxme.com/thread-16199-1-1.html where the books is already posted but only in epub and mobi, and was uploaded to an esternal host.

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 Author| Post time: 26-6-2020 11:19:23
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Will update there. Also, I want to point out that the search function seems to be functioning intermittently. I did search for the book title & the author's name (in separate searches), and returned with no results. Since you shared the link to an earlier post, I realized that such a post exist. Could you please point this out to the developers? Thanks.

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Post time: 28-6-2020 00:16:12
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Image arjuns1988 Image 25-6-2020 11:49 PM
Will update there. Also, I want to point out that the search function seems to be functioning interm ...

Searching on CM has always been challenging, hence one of the MANY stickies at the top of almost every CM Forum mentions a 2nd and very specific Google search function. Don't depend on the CM search funtion that only looks at "Thread Title".

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