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GOOD TO GREAT Why Some Companies Make the Leap and Others Don’t Book By Jim Collins Slides by Ryan Battles. Differentiate good and great companies is the quality and nature of leadership in the firm. Many of these leaders of great companies displayed an unusual mix of intense. 'Good to Great' by Jim Collins outlines a model for turning a good, average or even mediocre company in to a great one. Download the book summary and PDF.
By bringing together disciplined people, using disciplined thought and disciplined action companies can build up and break through the barriers that hold them back from greatness. The author,, and his research team put together a list of “good to great” companies which were compared to the “comparison companies” in order to determine what separates the elite from the rest. DOWNLOAD THE GOOD TO GREAT SUMMARY PDF FOR FREE! Contents • • • • • • • • • • • • • • • • • • • • • • INTRODUCTION Who is this book for? This book is perfect for anyone running or working in a company. It will highlight what it is that makes a company good and will show you ways to make it even better.
The author, Jim Collins has put together a list of companies that went from “good to great” and compares this to what he considers to be ‘mediocre’ companies. This helps to identify what separates the elite from the rest. Whether you own a business or work for someone this book is full of helpful insights that will help you change the way you and others around you work. About the author Jim Collins, author of Built to Last considers himself both a student and teacher of leadership. He has performed endless hours of research into companies and leaders aiming to understand exactly what separates the best from the rest. With 6 books under his belt he has sold more than 10 million copies worldwide, this book, Good to Great became a #1 bestseller.
In this summary Collins outlines a model for turning a good, average or even a mediocre company into a great one. The book includes a useful model which brings the theory together in an actionable way. This summary will outline Collin’s 3 key aspects for a Great company; disciplined people, disciplined thought & discipline action. BOOK SUMMARY 1. DISCIPLINED PEOPLE Leaders Despite what you may think, Collins explains that not all leaders behind the ‘great’ companies are well-known or high-profile. In fact, Collins has outlined characteristics most commonly found amongst the successful leaders. • Are modest and humble • Set others up for the successes and the wins, focus on other peoples successes more than their own • Have unwavering resolve • Care more about the company than their own profile • Their ambition remains within the company and it’s goals, not about their own personal progression.
• They have what Collins describes as a “ferocious resolve, an almost stoic determination to do whatever needs to be done to make the company great.” Collins calls these people the “Level 5 Leaders”: ”An individual who blends extreme personal humility with intense professional will.” These “Level 5 Leaders” are the first ones to give credit to someone else, they acknowledge the team and the work they put in, always. And when things go wrong, they accept responsibility, they never use ‘bad luck’ as an excuse. Collins explains that the very first point of call when getting a ‘great’ company going, is focusing on having the right people on board. Rather than having a vision, then getting people to work towards the said vision.
Ensure that the people you have on board are complementary and reflect the companies motives. Then together, you can define the vision. Collins explains it well with a bus metaphor; “Look, I don't really know where we should take this bus. But I know this much: If we get the right people on the bus, the right people in the right seats, and the wrong people off the bus, then we'll figure out how to take it someplace great.” Collins identifies the reason this way is easier, is because it’s a lot easier to motivate the right people, less management will be involved. You will find that the right people enjoy work, they work together seamlessly and work doesn’t feel as ‘hard’. ”If you focus on the who first, it's easier to change direction later because these people are on the bus because of who else is on the bus.
If you focus on the what, then people focus on the direction the bus is going and it becomes harder to change direction later.” Here are a few of Collin’s top tips for hiring; • Look for a good character over good skills and education. You can’t teach character but you can provide education and training. • If you have ANY doubts, don’t hire the person. Follow your instincts on this.