I just finished reading GOOD TO GREAT — Why Some Companies Make the Leap… and Others Don’t, by Jim Collins. It’s been out for quite some time, e.g. 2001. But the concepts put forward are still very relevant.
WHAT IS IT ABOUT?
It provides as they say “…the timeless principles of good to great.” Basically laying out what groundwork is necessary for any company — of any size — to produce sustained great results. And all the main principles laid out must be met if you want your company to become a great one.
The findings are based on a research team’s observations after analyzing and comparing a set of companies and their performances over a long period of time.
A TINY PORTION OF THE MANY HIGHLIGHTS
Interestingly, the 1st prerequisite is about having what they call a ‘Level 5 leader’ — the expression used to refer to a GREAT CEO. Every great company had one.
Here are some of the key findings they made regarding the Level 5 leaders:
“Level 5 leaders embody a paradoxical mix of personal humility and professional will. They are ambitious, to be sure, but ambitious first and foremost for the company, not themselves.”
“Level 5 leaders set up their successors for even greater success in the next generation,…”
“Ten of eleven good-to-great CEOs came from inside the company, whereas the comparison companies tried outside CEOs six times more often.”
I ALSO LIKED…
The book is well written and as you progress through the principles, you can’t help but think that it just makes a whole lot of sense. For example, you have to be passionate about what you do (employees have to be as well…). You have to concentrate on doing the things you believe you can be the best in the world at. And there are many more pieces of sound advice…
I finished Good to Great thinking “this is it — this is the groundwork every good manager wanting to achieve greatness should understand to start with.” I will use this book as a guide I can refer to once in a while, to do a check and balance.
Anyone who wishes to accomplish great things will appreciate this book!