Finding case studies to answer this question is no easy task and the research team set about it by finding companies that performed at the industry average for 15 years, then outperformed the market for the next 15 years by a factor of 3. Great books are books that constitute an essential foundation in the literature of western culture. 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. Why did one set of companies become truly great performers while the other set remained only good. Collins that describes how companies transition from. He emphasizes that it is crucial to continuously ask first who, then what. They were seemingly ordinary people quietly producing extraordinary results. Ive found that the best book club discussion questions are openended and get people to share their personal opinions. Good to great by jim collins cliff notes max hodgen chapter 1. But insight and understanding dont happen overnightor after one offsite. Whichbook a new way of choosing what book to read next. For over 19 years, gbsp has gathered exceptional middle and high school students from across the world to read, discuss, and debate selections from the. Built to last is about how you take a company with great results and turn it into an enduring great company of iconic stature.
The research team contrasted the goodtogreat companies with a carefully selected set of comparison companies that failed to make the leap from good to great. The goodtogreat leaders never wanted to become largerthanlife heroes. Good to great by jim collins is a book that has been sitting on my bookshelf for awhile now. I have read a few business books, but soon i realized that this book is meant particularly for people who are already in some kind of managerialentrepreneurial position. 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. For this exact reason, this is my third summary of the day. The book was a bestseller, selling four million copies and going far beyond the traditional audience of business books. And others dont by jim collins available from rakuten kobo. The study began with a field of 1,435 companies and emerged with a list of 11 goodtogreat companies. Good to great is about how to turn a good organization into one that produces sustained great results. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. This reading list shares the best books of alltime organized by category. The challenge built to last, the defining management study of the nineties, showed how great companies triumph over time. How can good companies, mediocre companies, even bad companies achieve enduring.
Collins previous book, built to last, is the defining management study of the. Hedgehog concept the goodtogreat companies transitioned from good to great because they took a great, simple idea that had piercing insight, and consistently used that idea for all of their decision making. I have to catch up on a few days i missed, and publishing one summary per day is my hedgehog concept right now. Read good to great why some companies make the leap. This is a good place to start your search for your next book. This book discusses concepts like level 5 leadership. Abbott laboratories, circuit city, fannie mae, gillette co.
Good is the enemy of great theme of the book discovering what made good companies great. He researched hundreds of companies to identify sets of good companies where one became great while a close competitor failed. In his research, jim collins the author, has found out systematic phases through which any great company. Jim collins is a student and teacher of leadership and what makes great companies tick. Now more than ever, we need to get together and enjoy discussing great works of art. After a fiveyear research project, jim collins concludes that good to great can and does happen. Good book, shows great examples of what it takes for some companies to be sustainable powerhouses. A great good place for books your fullservice bookstore. Wells fargo, a good to great awardee, arent so noble anymore given their recent scandals. The key to going from good to great is to get the right people onboard, engaging in critical thinking, then taking disciplined action aligned with the hedgehog concept. As i said, im trying to make this website the best book summary website in the world.
Handpicked recommendations to other books that have a similar writing style or theme to good to great. After the leap, the goodtogreat companies generated cumulative stock returns that beat the general stock market by an average of seven times in. Collins that describes how companies transition from being good companies to great companies, and how most companies fail to make the transition. Sep 24, 2018 the neuroscience of deep reading will make you want to curl up with a great book. Tim grover loves to constantly mention all of the famous athletes that he has coached, which is fine to an extent, but it got to the point where it felt like name dropping. Ive found that the best book club discussion questions are ones that are openended and that get people to share their personal opinions. Common sense media editors help you choose 50 books all kids should read before theyre 12. 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. Youll find modern classics such as game of thrones or the harry potter books and books that are the basis for movies such as a wrinkle in time. Influential management professor jim collins released the popular good to great. 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 conquest of how to make good.
Jim collins an introduction can good companies, mediocre companies, even bad companies achieve enduring greatness. Although i enjoyed the hedgehog concept, the later chapters definitely require deeper understanding and. Oct 16, 2001 the research team contrasted the goodtogreat companies with a carefully selected set of comparison companies that failed to make the leap from good to great. Overall, good to great is an absolute classic business book and one that we recommend you read. To find the keys to greatness, collinss 21person research team r. Good to great jim collins hardcover harpercollins publishers. But what about the company that is not born with great dna. Specified sets of great books typically range from 100 to 150, though they differ according to purpose and context. If your companys at a standstill, you may be asking the wrong question.
Before good to great, collins wrote the celebrated built to last, about visionary, iconic companies that have stood the test of time. In this video, well summarize the key concepts of good to great, including. Unlike the usual 7 habits of successful people and 10 steps to success, the author announced right away that his study was properly conducted, it has a control sample, and that the book will not only talk about commonalities of the good to great companies, but will also talk about the necessary and sufficient characteristics not just. Take a look at the walmart books best sellers section. Some of the key concepts discerned in the study, comments jim collins, fly in the face of our modern business culture and will, quite frankly, upset some people.
First who, then what first get the right people on the bus, then figure out where to drive. The search a six month long financial analysis looking for companies that showed the following basic pattern. Great ways to think of how businesses should be run and cultures that. The challenge built to last, the defining management study of the nineties, showed how great companies triumph over time and how longterm sustained performance can be engineered into the dna of an enterprise from the verybeginning. Everyday low prices and free delivery on eligible orders. Whichbook enables millions of combinations of factors and then suggests books which most closely match your needs. 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. It was an inherently iterative processconsisting of piercing.
And others dont by collins, jim and a great selection of related books, art and collectibles available now at. Great ways to think of how businesses should be run and cultures that support them be maintained. The pretext of this book is how do you take a good company and make it great. The great books foundation inspiring ideas, dialogue. Good to great by jim collins, first edition abebooks. In the 2010s, wells fargo perpetrated some of the poor behaviors the book claimed they avoided through the 80s and 90s which led them to great. In the journey from good to great, defining your hedgehog concept is an essential element. Are you looking for some reading recommendations or want to find out whats popular. They never aspired to be put on a pedestal or become unreachable icons. But what about companies that are not born with great dna.
In his book, good to great, jim collins creates a lasting and memorable metaphor by comparing a business to a bus and the leader as a bus driver. Good to great by jim collins cliff notes max hodgen. In good to great jim collins talks about why some companies remain. I loved the way the book started good is the enemy of great. The author is very full of himself, and it comes through in every page. Why some companies make the leapand others dont in 2001. On average, it took four years for the goodtogreat companies to crystallize their hedgehog concepts. The book is very well researched in its time frame, but a lot of it in my opinion is antiquated. The neuroscience of deep reading will make you want to curl up with a great book.
Book club discussion questions for any book, with specific questions for fiction, nonfiction, and memoirs. It is widely regarded as one of the most important business books ever written. Download it once and read it on your kindle device, pc, phones or tablets. The book is really a research project led by collins as a followup to his book built to last. As the recipe book for hoisting yourself to an initial stage of greatness, good to great is actually the prequel, collins says. Get 50% off this audiobook at the audiobooksnow online audio book store and download or stream it right to your computer, smartphone or tablet. For instance, some lists are built to be read by undergraduates in a college semester system books, torrey honors institute, some are compiled to be sold as a single set of. All concepts summarised in this presentation belong to the author of the book. The comparisons the research team contrasted the goodtogreat companies with a carefully selected set of comparison companies that failed to make the leap from good to great. Use features like bookmarks, note taking and highlighting while reading good to great. Built to last, the defining management study of the nineties, showed how great companies triumph over time and how longterm sustained performance can be engineered into the dna of an enterprise from the very beginning.
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. Good to great is an excellent book, filled with fascinating insights for the business leader, or anyone striving to make their organization great. Metropolis, fritz langs towering science fiction landmark, unfolds in a stunningly imagined future in which the populace is divided between the workers, who labor underground, and the rich, who live in a lavish city of splendor. Ultimate going to bed book has stood the test of time.
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