|Book Name:||Good to Great PDF Book|
Free Download Good to Great: Why Some Companies Make the Leap… and Others Don’t PDF Book
The Challenge: Built to Last was the most critical management study of the 1990s. It showed how great companies succeed over time and how long-term performance can be built into a business. But what about a company that has little DNA from the beginning? How can good, mediocre, or even bad companies become excellent in the long term? The Research: Jim Collins thought about this question for years. Are there companies that go against the laws of nature and turn long-term mediocrity or, even worse, into long-term success? And if so, what do all companies have in common that makes them go from good to great? What is expected: Collins and his research team found a group of elite companies that jumped to great results and kept those results for at least 15 years. They did this by using rigid benchmarks. How cool! After the leap, the good-to-great companies’ cumulative stock returns beat the general stock market by an average of seven times in fifteen years. This is more than twice as good as the results of a composite index of the world’s best companies, which include Coca-Cola, Intel, General Electric, and Merck. The comparisons: The research team compared the companies that went from good to great to a carefully chosen group of companies that never went from good to great. What had changed? Why did one group of companies get excellent ratings while the other group stayed just good? The team reviewed the histories of all 28 companies in the study over five years. Collins and his team went through mountains of data and thousands of pages of interviews to figure out what makes a company great and why some make the jump and others don’t. The Results: Many people will be surprised by the Good to Great study results, and they will shed light on almost every aspect of management strategy and practice. Among the results are Level 5 Leaders: The research team was surprised to find out what kind of leadership it takes to get to the top. (Simplicity within the Three Circles) The Hedgehog Concept: For good to become great, you must overcome the curse of competence. A Disciplined Way of Life: When you mix a culture of discipline with an ethic of entrepreneurship, you get the magical alchemy of great results. Accelerators for Technology: Companies from good to great have different ideas about how technology should be used. The Flywheel and the Doom Loop: People who start extensive change programs and challenging reorganizations rarely leap. Jim Collins says, “Some of the study’s most important ideas go against how we do business today and, honestly, will make some people angry.” Who can afford to ignore these results?
Good to Great and the Social Sectors: A Monograph to Accompany Good to Great
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Author(s): Jim Collins
Publisher: HarperBusiness, Year: 2001