Good to great by jim collins posted on march 8, 2012 by liz stinson some quick notes on some of my main takeaways not necessarily the full set of key points, rather the ones that spoke to me from jim collins great book good to great. Goodtogreat companies think differently about the role of technology. And that is one of the key reasons why we have so little that becomes great. You may find it in places of worship, a nonprofit or community organization, or a class you teach. Jim collins is both a great researcher and an engaging writer, and he illustrates. In good to great collins, the author of built to last, concludes that it is possible, but finds there are no silver bullets. In this video, well summarize the key concepts of good to great, including. In great by choice, collins and his colleague, morten t. Collins that describes how companies transition from.
As the recipe book for hoisting yourself to an initial stage of greatness, good to great is actually the prequel, collins says. We dont have great government, principally because we have good government. Formerly a faculty member at the stanford university graduate school of business, where he received the distinguished teaching award, jim now works from his. Good to great jim collins hardcover harpercollins publishers. Researcher and management guru jim collins has authored or coauthored six books, including good to great and built to last. The book was a bestseller, selling four million copies and going far beyond the traditional audience of business books. Good to great by jim collins is a book that has been sitting on my bookshelf for awhile now. Collins writes that good to great companies had no name for their transformations. To find the keys to greatness, collinss 21person research team r.
Based on a fiveyear research project comparing companies that made the leap to those that did not, good to great shows that greatness is not primarily a function of circumstance but largely a matter of conscious choice, and discipline this book discusses concepts like level 5. Rigorously supported by evidence, his findings are surprising at times even. You may be seeking to build something great that you will not find in your working life, but find it elsewhere. Good to great by jim collins book summary paul minors. Those who launch radical change programs and wrenching restructurings will almost certainly fail to make the leap.
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. A student of enduring great companies, he serves as a teacher to leaders throughout the corporate and social sectors. Harper business good to great is jim collins most famous book. How great leaders inspire everyone to take action simon sinek.
Good to great transformations often look like dramatic, revolutionary events to those observing from the outside, but they feel like organic, cumulative processes to people on the inside. That said, i got so many recommendations to read jim collins book, good to great, that i couldnt resist. Fannie mae, praised as one of the banks to go good to great, has fallen into the trash heap since 2008 and has never recovered. Good to great this book addresses a single question. Oct 16, 2001 after the leap, the good to great companies generated cumulative stock returns that beat the general stock market by an average of seven times in fifteen years, better than twice the results delivered by a composite index of the worlds greatest companies, including cocacola, intel, general electric, and merck. 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. In this book, he uncovers the underlying variables that enable. Ten years after the worldwide bestseller good to great, jim collins returns to ask. Circuit city, another good to great, doesnt even exist anymore, at least by name and as a bricknmortar store. Few people attain great lives, in large part because it is just so easy to settle for a. The challenge built to last, the defining management study of the nineties, showed how great companies triumph over time and how longterm sustained. Good to great is an excellent book, filled with fascinating insights for the business leader, or anyone striving to make their organization great. Everyday low prices and free delivery on eligible orders. Jim collins is author or coauthor of six books that have sold more than 10 million copies worldwide, including the bestsellers good to great, built to last, and how the mighty fall.
Separating the great from the good at a dinner collins was attending in 1996, a mckinsey managing director pointed out a flaw in built to last, collins s 1994 bestseller that explained how longlasting companies achieved their success. Read good to great why some companies make the leap. In this book, he uncovers the underlying variables that enable any type of organisation to make the leap from good to great while other organisations remain only good. On average, it took four years for the goodtogreat companies to crystallize their hedgehog concepts. First and foremost, good to great has no breakthrough concepts to offer. In his new book mr collins examines 11 of the 60 great companies studied in his two earlier books that have since deteriorated to mediocrity or worse. Good to great by jim collins book summary from the author of built to last, good to great outlines a model for turning a good, average or even mediocre company in to a great one. He has spent more than 10 years studying and analyzing how great companies achieve superior performance, grow and then perform consistently well. Why do some companies thrive in uncertainty, even chaos, and others do not. Uncertainty, chaos, and luckwhy some thrive despite them all good to great book 5 jim collins. This guide contains key points from the book along with discussion questions. Jim collins is a student and teacher of leadership and what makes great companies tick. Good to great, jim collins shop online for books in.
The study for years, this question preyed on the mind of jim collins. James c collins built to last showed how great companies triumph over time and how longterm sustained performance can be engineered into the dna of an enterprise from the. Before good to great, collins wrote the celebrated built to last, about visionary, iconic companies that have stood the test of time. Usa today collins and his research team have been tackling one of the biggest questions business has to offer. Some of the key concepts discerned in the study, comments jim collins, fly in the face of our.
Good to great why some companies make the leap and others dont book by jim collins slides by ryan battles collins, james c. Collins that describes how companies transition from being good companies to great companies, and how most companies fail to make the transition. In the journey from good to great, defining your hedgehog concept is an essential element. The book includes a useful model which brings all the theory together in a meaningful and memorable way. In particular, two people that i trust intensely gillian and avinash kaushik said that they too, had a distaste for management theory diatribes, but loved this one. Jim collins, an expert in the field of leadership, introduced a story from aesops fables called the fox and the hedgehog in his own book good to great. The challenge built to last, the defining management study of the nineties, showed how great companies triumph over time. Consider spending at least 2 or 3 years of hard work before.
After establishing a definition of a good to great transition that involves a 10year fallow period followed by 15 years of increased profits, collins s crew combed through every company that has made the fortune 500 approximately 1,400 and found 11 that met their criteria, including walgreens, kimberly clark and circuit city. Why some companies make the leap and others dont jim collins the thesis of the book is that greatness is largely a matter of choice. And others dont by jim collins available from rakuten kobo. Good to great, jim collins shop online for books in australia. In this book collins and his research team analyze and compare numerous corporations in an attempt to identify what key aspects set apart successful companies. The results of this analysis have been contained in the four books mr. A book report on good to great by jim collins book report by gary tomlinson preface. Collins and his team carefully came up a study in determining if an already existing good company can be a great company. Good to great by jim collins quickie book summary ebook. It was an inherently iterative processconsisting of piercing. The book was a bestseller, selling four million copies and going far beyond the traditional audience. After the leap, the good to great companies generated cumulative stock returns that beat the general stock market by an average of seven times in fifteen. But insight and understanding dont happen overnightor after one offsite. After a fiveyear research project, jim collins concludes that good to great can and does happen.
Good to great by jim collins book report by gary tomlinson preface. The book is basically a report of the studies done by collins and his team of 20 researchers within the 5. Collins is good at inventive metaphors and catch phrases to push concepts through but ultimately there is really nothing counterintuitive or revolutionary about the results of this study. The author, jim collins, used a team of researchers who studied more than 6,000 articles and 2,000. We dont have great schools, principally because we have good schools. Jim began his research and teaching career on the faculty at stanford graduate school of business, where he received the distinguished teaching award in 1992. After a fiveyear research project, collins concludes that good to great can and does happen. Jul, 2010 good to great is an excellent book, filled with fascinating insights for the business leader, or anyone striving to make their organization great. Using tough benchmarks, collins and his research team identified a set of elite companies that made the leap to great results and sustained those results for at least fifteen years. This is how the author sets off a riveting journey explaining the findings from his and his teams half a decade of research in the. Why some companies make the leap and others dont 8600383743. After the leap, the goodtogreat companies generated cumulative stock.
Mr collins says that when he charted the factors that led these firms to greatness, he had never claimed that they were. Good to great by jim collins, first edition abebooks. Successful habits of visionary companies good to great by jim collins, jerry i porras and a great selection of related books, art and collectibles available now at. For years, preston and stig had an interest in reading this book, but they always seemed distracted by other things. Five years ago, jim collins asked the question, can a good company become a great company and if so, how. Buy good to great abridged by collins, jim, collins, jim isbn. As you can tell from my long synopsis of some of the books key points, i find good to great fascinating. After the leap, the goodtogreat companies generated cumulative stock returns that beat the general stock market by an average of seven times in fifteen years, better than twice the results delivered by a composite index of the worlds greatest companies, including cocacola, intel, general electric, and merck. Hansen, enumerate the principles for building a truly great enterprise in unpredictable, tumultuous, and fastmoving times. The amount of research and analysis that has gone into this book is mindboggling. In this book, he uncovers the underlying variables that enable any. Collins that aims to describe how companies transition from being average companies to great companies and how companies can fail to make the transition. The book good to great by jim collins explains the idea quite well see the post about good to great book summary. This book is a must read before implementing the next big change or improvement program in your business, or hiring the next keyperson.
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