Francisco Moriones

"The Insider "| Knowledge For Your Success.

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Good to Great: Why Some Companies Make the Leap... and Others Don't

Good to Great: Why Some Companies Make the Leap... and Others Don't
by James C. Collins

Here are Jim Collins' seven characteristics of companies that went "from good to great"

1. Level 5 Leadership: Leaders who are humble, but driven to do what's best for the company.

2. First Who, Then What: Get the right people on the bus, then figure out where to go. Finding the right people and trying them out in different positions.

3. Confront the Brutal Facts: The Stockdale paradox - Confront the brutal truth of the situation, yet at the same time, never give up hope.

4. Hedgehog Concept: Three overlapping circles: What makes you money? What could you be best in the world at? and What lights your fire?

5. Culture of Discipline: Rinsing the cottage cheese.

6. Technology Accelerators: Using technology to accelerate growth, within the three circles of the hedgehog concept.

7. The Flywheel: The additive effect of many small initiatives; they act on each other like compound interest.

I really enjoyed this book and think any business owner or entrepreneur would find the book interesting and benefit from focusing on the seven characteristics above.

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