Cheap Good to Great: Why Some Companies Make the Leap... and Others Don't (Book) (Jim Collins) Price
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Five years ago, Jim Collins asked the question, "Can a good company become a great company and if so, how?" In Good to Great Collins, the author of Built to Last, concludes that it is possible, but finds there are no silver bullets. Collins and his team of researchers began their quest by sorting through a list of 1,435 companies, looking for those that made substantial improvements in their performance over time. They finally settled on 11--including Fannie Mae, Gillette, Walgreens, and Wells Fargo--and discovered common traits that challenged many of the conventional notions of corporate success. Making the transition from good to great doesn't require a high-profile CEO, the latest technology, innovative change management, or even a fine-tuned business strategy. At the heart of those rare and truly great companies was a corporate culture that rigorously found and promoted disciplined people to think and act in a disciplined manner. Peppered with dozens of stories and examples from the great and not so great, the book offers a well-reasoned road map to excellence that any organization would do well to consider. Like Built to Last, Good to Great is one of those books that managers and CEOs will be reading and rereading for years to come. --Harry C. Edwards
| AUTHOR: || Jim Collins |
| CATEGORY: || Book |
| MANUFACTURER: || Collins |
| ISBN: || 0066620996 |
| TYPE: || Corporate Planning, Leadership In Business, Business & Economics, Business / Economics / Finance, Business/Economics, Corporate & Business History - Strategies, Leadership, Management - General, Reading Group Guide, Business & Economics / Management, Management, Organizational change, Strategic Planning, Technological innovations |
| MEDIA: || Hardcover |
| # OF MEDIA: || 1 |
Customer Review of Good to Great: Why Some Companies Make the Leap... and Others Don't
Required To Read But Still Enjoyed It
My bosses boss loves this and I was made to read it as part of my annual P-928. I read it on the plane over to Rome from Detroit and it was a good solid read. Its a well documented research study on companies who were average performers who then had 15 years of sustained 2.5 or 3x stock market performance. I did appreciate the explanations as to the choices the researchers made and why.
>Nevertheless, it seems to be more for middle level managers and above given that the main thesis appears to be you want a work horse CEO and not a show boat as well as one who digs down into what their company can do best and then drags the company through his dogeddness and sheer will into makeing any and all changes necessary to pursue that goal.
Great as in "what"?
The basic concept of "Good to Great" is that there appear to be companies that outperform others quite spectacularly for a number of years. Jim Collins sets out the results of his research team that looked at "why?"
>I'm not a statistician, but whenever I read a book such as this I get worried about the selection criteria. Who says these companies are great? The key measure used by Collins is "Ratio of Cumulative Stock Returns to General Market". Such a measure only looks at the company through the eyes of one stakeholder - the owners. There are also stakeholders called customers, suppliers, staff, the industry and the community - these do not seem to be considered. Taking just one stakeholder measurement does not in my mind, deem the company "great".
>The author lists eight reasons for the selected companies success. Ranging from what he calls "level 5 leadership" through to continual persistence - akin to pushing against a giant flywheel. These may or may not be accurate reflections of the reasons for success. But how does one emulate them?
>This is a dense book on leadership - perhaps a little too dense for me. Nothing wrong with the concepts, but I found it a little hard to concentrate. I would have liked to see shorter chapters that engaged my thinking, rather than long winded explanations. I'd also like to hear how these "great" companies manage their other stakeholders.
>If you liked "In Search Of Excellence", you'll like this book.
>Bob Selden, author [[ASIN:1432714287 What To Do When You Become The Boss: How new managers become successful managers]]
Unlike the ego-based, "Look how great I am" books!
Watch as these companies dominate their industry with CEOs that put the company before their own personas.
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