Good to Great by Jim Collins - Hardcover

My starts are for paper quality only not book contents

an Excellent book that helps a lot with your business - very good quality and fast delivery

Jim Collins' seminal work, "Good to Great: Why Some Companies Make the Leap...And Others Don't," is not just a book; it's a roadmap for achieving enduring business success. Drawing on years of rigorous research and analysis, Collins and his team unravel the mysteries behind what sets truly exceptional companies apart from the merely good ones.Good to Great: Why Some Companies Make the Leap...And Others Don't" is essential reading for anyone interested in the pursuit of excellence in business. With its rigorous research, compelling narrative, and practical wisdom, it offers a roadmap for achieving enduring success in an ever-changing world. I wholeheartedly recommend it to anyone seeking to unlock the secrets of business greatness

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If you have read this book already; you know that my learning and review of this book could have been tweaked up a little, hence I decided to write the overview of this book. I am sure you too will love to read this book if you have not read it already.Book Overview – “Good to Great” by Jim Collins-This book describes the characteristics of many companies who leaped from being a good company to a great company. However, many companies fail to make the evolution from good to great. Jim Collins along with a team of 21 researchers researched the financial analysis of many companies. They came with the list of companies whose growth and achievement far outperformed the market or industry average, and eventually achieved corporate greatness. To know the list of companies, do check out the book.The author suggests readers consider the transformation of good to great as a process of build-up followed by breakthrough. There are mainly 3 stages to determine a company’s ability to achieve greatness:1- Disciplined People2- Disciplined Thought3- Disciplined ActionAdditionally, within each of the 3 stages Author defines explicit characteristics of companies that went from good to great:- Level 5 LeadershipThese leaders channelize their ego needs away from themselves and into the larger goal of building a great company. This doesn’t mean that Level 5 leaders don’t have ego or self-interest. Certainly, they are extremely ambitious—however, their ambition is first and primary for the organization, not themselves- First Who, Then WhatFirst, you need to get the right people in your company (Leadership Team) and figure out the best path to greatness. You don't need to find “what to do?” in hurry. First, build a team of people with the right skill and mindset, then decide what this great team will do for the company (what to do?).- Confront the Brutal FactsContinuously hone your path to greatness based on the brutal facts. Face the reality, good or bad, and act accordingly.- Hedgehog ConceptThis concept originated from the story of Fox and Hedgehog, where the hedgehog sees what is most essential and discount what is non-essential. Hedgehog Concept is made up of 3 intersecting circlesCircle 1- What you are deeply passionate about?Circle 2- What you can be the best in the world at?Circle 3- What drives your economic engine?- Culture of DisciplineThis is not just about action; it is about getting disciplined people who engage in disciplined thought and then take disciplined action.- Technology AcceleratorsPioneering sensibly certain technology as an accelerator of momentum.- The Flywheel and the Doom Loop As you determinedly push the flywheel and build thrust you will ultimately hit a point of breakthrough. On other hand, the doom loop is a lack of gathering momentum where a company skips build-up and goes straight to breakthrough, which in turn, fails to uphold a steady direction.Based on the studies and research Collins concludes that there is substantial evidence that early leaders followed the good-to-great framework. Notable point is that they did so as entrepreneurs in early-stage enterprises. Even though the companies analyzed in Good to Great was enterprise companies; the author saw the same characteristics in small, early-stage enterprises.My 2 Cents…This book was released in 2001, as of today some of the great companies featured in this book are no longer great. However, the author and his research team viewed and analyzed these companies as looking into the past, hence didn’t claim future success of these companies. They put across the data spanning 15 years span where they were great, and the characteristics that lead them to that point.The author has not claimed that companies mentioned in the book as great will always remain great.I found this book very well researched, and Jim Collins and his team have done a great work presenting such vast data and case studies in a categoric format. Their methodology does have some flaws but it's best to focus on the positives as this book does provide great insights on the characteristics of good to great companies.

This is part of the Harvard Business School required reading list for a reason. Well-written and highly involved on all topics. Each chapter makes you think about how you can apply these findings to your own business or even career. Not just for entrepreneurs.Jim Collins & team have combed through some of the most well-known companies to arrive at a list of the best publicly traded companies with steady stock growth. It's interesting to see the list of the companies that didn't make the cut (like Nike, Inc.) even though they seemed to be one of the companies that went from good to great.It's also great to hear about executive teams (like Wells Fargo) without superstar CEO's. The chapter on Level 5 leaders is humbling and eye-opening.This book is a real page-turner.