Good to Great: Why Some Companies Make the Leap and Others Don’t
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In Good to Great Jim Collins shares how companies transition from being good companies to great companies: 1. Level 5 Leadership: Leaders who are humble, but driven to do what’s best for the company. 2. First Who, Then What: Get the right people on the bus, then figure out where to go. Finding the right people and trying them out in different positions. 3. Confront the Brutal Facts: The Stockdale paradox – Confront the brutal truth of the situation, yet at the same time, never give up hope. 4. Hedgehog Concept: Three overlapping circles: What makes you money? What could you be best in the world at? and What lights your fire? 5. Culture of Discipline: Rinsing the cottage cheese. 6. Technology Accelerators: Using technology to accelerate growth, within the three circles of the hedgehog concept. 7. The Flywheel: The additive effect of many small initiatives; they act on each other like compound interest.