Download Summary of Good to Great by Jim Collins: Why Some Companies Make the Leap...and Others Don't AudioBook Free
That is a book brief summary of Good to Great: Why Some Companies Make the Step...WHILE OTHERS Don't by Jim Collins Original book description: The Concern Built to Last, the defining management analysis of the '90s, revealed how great companies overcome time and how long-term suffered performance can be made in to the DNA of any organization from the verybeginning. But what about the company that is not created with great DNA? How can good companies, mediocre companies, even bad companies achieve long lasting greatness? The Review For years, this question preyed on your brain of Jim Collins. Is there companies that defy gravity and convert long-term mediocrity or worse into long-term superiority? If so, what exactly are the widespread distinguishing characteristics that result in a company to travel from good to great? The Specifications Using difficult benchmarks, Collins and his research team recognized a set of top notch companies that made the leap to great results and suffered those results for at least 15 years. How great? After the leap, the good-to-great companies produced cumulative stock returns that beat the overall currency markets by typically seven times in 15 years, much better than double the results supplied by a composite index of the world's ideal companies, including Coca-Cola, Intel, Basic Electric, and Merck. The Evaluations The research team contrasted the good-to-great companies with a carefully determined set of comparability companies that failed to make the leap from good to great. What was different? Why do one set of companies become truly great performers as the other set continued to be only good? The Results The findings of the nice to Great analysis will astonish many listeners and reveal virtually every area of management strategy and practice. The findings include:
- Level 5 Leaders: The research team was stunned to discover the type of leadership necessary to achieve greatness.
- The Hedgehog Concept (Convenience within the Three Circles): To move from good to great requires transcending the curse of competence.
- A Culture of Self-control: Whenever you incorporate a culture of discipline with an ethic of entrepreneurship, you receive 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 that launch radical change programs and wrenching restructurings will likely neglect to make the leap.
