Built To Last, the defining management study of the nineties, showed how great companies triumph over time and how long-term sustained performance can be engineered into the DNA of an enterprise from the very beginning.
But what about companies that are not born with great DNA? How can good companies, mediocre companies, even bad companies achieve enduring greatness? Are there those that convert long-term mediocrity or worse into long-term superiority? If so, what are the distinguishing characteristics that cause a company to go from good to great?
Over five years, Jim Collins and his research team have analyzed the histories of 28 companies, discovering why some companies make the leap and others don't. The findings include:
Level 5 Leadership: A surprising style, required for greatness.The Hedgehog Concept: Finding your three circles, to transcend the curse of competence.A Culture of Discipline: The alchemy of great results.Technology Accelerators: How good-to-great companies think differently about technology.The Flywheel and the Doom Loop: Why those who do frequent restructuring fail to make the leap.
APPLE BOOKS REVIEW
Originally published in 2001, Good to Great compiles five years’ worth of business analyst Jim Collins’ detailed research into why some companies consistently beat stock market averages. Some of Collins’ specific examples, like big-box electronics store Circuit City and financial institution Fannie Mae, are a little dated—but his basic principle remains relevant. Collins argues that humble and engaged management teams collaboratively working toward specific goals deliver more consistent results than showboating CEOs who are out for themselves. In this 2010 audiobook, Collins reads his own work, updating the material and answering questions that came up following the book’s initial publication.
This book can be applied to any organization from non-profit to manufacturing and at any level within them. Author does a good job of narrating although the first few chapters a a bit slow why he sets the foundation for his study.
The principles in this book are timeless and applicable to any organization.
Great Book....but poor audio organization
Timeless principles in this book....one of my favorite in print, but when rating the organization of the file....minus 2 stars. 3 star rating.
Is anyone really going to sit down and listen to this track for 5 hours? They should have split this up into the same # of chapters they have in the book.