From the author of built to last, good to great outlines a model for turning a good, average or even mediocre company into a great one. Check out our good to great summary bundle or get a copy of the book for more details. In an ironic twist, i now see good to great not as a sequel to built to last, but more of a prequel. In the journey from good to great, defining your hedgehog concept is an essential element. He notes that he and the research team decided to conduct the goodtogreat research as if the previous book did not exist, in order to avoid biasing the results. This is a key takeaways and analysis of the book and not the original book. Cliffsnotes is the original and most widely imitated study guide. As i said, im trying to make this website the best book summary website in the world. A friend recently asked me what the top three, most influential, business books i have read are. The resulting data are presented in good to great in compelling detail. Essentially, good to great happens very rarely and it is because it is damn difficult.
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. 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. The author of good to great skillfully outlined all the challenges it takes for a business to sustain long term meaningful growth. Collins that describes how companies transition from being good companies to great companies, and how most companies fail to make the transition. It is jampacked with revealing detail and captivating examples of what it took for some companies to rise to sustained greatness. The nicomachean ethics by artistotle 810 one of the original works of virtue ethics, this book on living a good life by aristotle has some great advice on being a good, thriving person, through moderating your excesses and deficiencies and striving to improve yourself. What implications does this have about finding your own hedgehog concept. It was lonely for a day or so until one morning some man. Good is the enemy of great theme of the book discovering what made good companies great.
He then asked if i got anything from it that i could apply to business, or a technique for the real world, from it. 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. Pdf good to great by jim collins ankur puri academia. Scott fitzgeralds the great gatsby follows jay gatsby, a man who orders his life around one desire. The example of stockdales own life is a particularly dramatic one, but its extremity makes it an especially good illustration of collinss point.
The book includes a useful model which brings all the theory together in a meaningful and memorable way. Collins turns his attention to bringing the goodtogreat concepts together with the ideas outlined in his previous book, built to last, which examined companies longterm greatness. Feel free to get an overview of all 4 of jim collins books here. You can see a summary of the good to great process in the diagram below. Good to great is a macro analysis of differentiating factors identified in companies that made the goodtogreat leap defined as a period of fifteenyear cumulative stock returns at or below the general stock market, punctuated by a transition. Good to great by jim collins cliff notes max hodgen chapter 1. Good to great by jim collins cliff notes max hodgen. But insight and understanding dont happen overnightor after one offsite. For this exact reason, this is my third summary of the day. And cognitive science has produced a lot of useful insights that we can use now to take better notes. Collins notes that this databased conclusion is at odds with media coverage of technology and business. It was an inherently iterative processconsisting of piercing.
The classic book good to great, authored by stanford business school professor jim collins shows us why some companies make the leap while from good to great, while other companies dont key ideas. Note that we have a whole section of this website dedicated to helping you improve your leadership skills. All concepts summarised in this presentation belong to the author of the book. If good to great by jim collins were to be summarized in just 1 word, it would be discipline. If an individual has a goal of becoming great, they should never be satisfied with parvalue, good work. In good to great jim collins talks about why some companies remain ordinary while others go to being great and return stellar stock market returns. This book by jim collins is one of the most successful books to be found in the business section of your local megabookstore, and given how it purports to tell you how to take a merely good company and make it great, its not difficult to see why that might be so. Jim collins, an american author and business consultant, focuses on providing companies with new ways to grow. One of the best management books to ever see the light of day, good to great by jim collins tries to answer the question why some companies make the leap mentioned in the title, while others fail.
Collins that can help anyone in the business world to turn their company or organization from a good one to a great one. Do something you can 1 be the best in the world at 2 are passionate about 3 can make money at. By bringing together disciplined people, using disciplined thought and disciplined action companies can. Are you engaged in work that fits your own three circles. If we had to describe the key concept of the book in a single word, that word would be discipline.
Good to great examines what it takes for ordinary companies to become great and outperform their competitors by analyzing 28 companies over 30 years, who managed to make the transition or fell prey to their bad habits. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. But its important to note that this step wont pay off unless the proper leadership, people, and climatethe subjects of the first three chaptersare in place. Through extensive research and analysis, jim collins identified a number. The following chapter inaugurates the breakthrough phase of a goodtogreat companys timeline, when a good company takes its first definitive step toward becoming great. The book is very well researched in its time frame, but a lot of it in my opinion is antiquated. Built to last is about how you take a company with great results and turn it into an enduring great company of iconic stature. 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. To go from a good company to a great company you need disciplined people, disciplined thought, and disciplined action. This book was written after 5 years or research conducted on companies that have moved from being good to becoming good some good to great summary read more. Can a company make the transition from good to great. On average, it took four years for the goodtogreat companies to crystallize their hedgehog concepts. Why some companies make the leapand others dont far outsold the typical business oriented book with millions of copies in print.
Based on an expansive 5year study, the ultrasuccessful book unearths the seven characteristics which make a good company great. The stockdale paradox is one of the book s most explicit discussions of good togreat companies duality. It did this by appealing to the mainstream and not just the. I have to catch up on a few days i missed, and publishing one summary per day is my hedgehog concept right now. Founded in 1958 by clifton keith hillegass, cliffsnotes is the original company that produced study guides and book summaries ranging from. To get started, choose your favorite category under the best book summaries section to get some great book summaries without feeling overwhelmed by. The search a six month long financial analysis looking for companies that showed the following basic pattern. Wells fargo, a good to great awardee, arent so noble anymore given their recent scandals. Good to great is about how to turn a good organization into one that produces sustained great results. I had a dog, at least i had him for a few days until he ran away, and an old dodge and a finnish woman who made my bed and cooked breakfast and muttered finnish wisdom to herself over the electric stove.
The book was a bestseller, selling four million copies and going far beyond the traditional audience of business books. In this book, collins studied companies that were performing at or belowaverage stock market performance and then managed to perform at three times the average stock market returns over the next fifteen years. This onepage guide includes a plot summary and brief analysis of good to great by jim collin. The writing style is totally accessible and the content is. With more than 25 years of research on this topic, the following jim collins quotes offer insight and perspective on business growth. Move from good to great with these useful resources. This book presents these insights in simple words, so you can make the most of your notes and use them to study effectively. Good to great is a macro analysis of differentiating factors identified in. Jim collins meticulously outlined that great leaders are not overindulgent or selfabsorbent, but are rather focus on the overall success, and growth of their organizations. They must strive to be above average, so that good doesnt cause great to be out of the question.
Cliffsnotes study guides are written by real teachers and professors, so no matter what youre studying, cliffsnotes can ease your homework headaches and help you score high on exams. Click here to download the good to great book summary and infographic. I also include new articles, book notes, and podcast episodes. This is a kens notes summary of the book good to great by jim collins, it is a compelling 10 year research study to find companies who were good for at least fifteen years, then something happened to make them great biggest takeaways. 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 companies great. 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. However, in collins good to great, he discusses something more important than longevity how to become great in the first place. Ten out of eleven goodtogreat ceos came from inside the company, three of. From good to great pdf good to great pdf good to great good to great from good to great good to great book good to great chapter 8 good to great pdf free good to great chapter 5 good to great by jim collins good to. When someone is content being good or mediocre, it seems that the individual will also never become great. Supersummary, a modern alternative to sparknotes and cliffsnotes, offers highquality study guides that feature detailed chapter summaries and analysis of major themes, characters, quotes, and essay topics. Why some companies make the leapand others dont, by jim collins. How long, on average, did it take the good togreat companies to clarify their hedgehog concepts. Its important to note, however, that the book was published nearly 20 years ago, and.