Great by Choice: Uncertainty, Chaos, and Luck--Why Some Thrive Despite Them All
The new question: Ten years after the worldwide bestseller "Good to Great," Jim Collins returns to ask: Why do some companies thrive in uncertainty, even chaos, and others do not? In "Great by Choice," Collins and his colleague, Morten T. Hansen, enumerate the principles for building a truly great enterprise in unpredictable, tumultuous, and fast-moving times.
The new st...more
What were some of the most shocking / memorable incidents you can recollect since the last 10 years?
• The Financial Meltdown? Lehman Brothers? Billions getting wiped out?
• The iPod, iPad, iPhone revolution?
A lot has happened in the last 10 years.
Giants who were invincible are now forever invisible.
The corporations with abundant financial health are today on a dying life support system.
The mortal legends whom we always remembered have become the immortal legacies we will never forget.
So mu ...more
In a quote from the book jacket, Great by Choice is the result of a study of "companies that rose to greatness - beating their industry indexes by a minimum of ten times over fifteen years - in environments characterized by big forces and rapid shifts that leaders could not predict or control." According to the authors, the ...more
This feeling stayed with me for most of the book: Things he talks about AMD vs Intel and about Micr ...more
A. A very superb articulation and clean thoughts communicated like an Apple design.
B. analogy is simple and easy to remember.
C. Lots of data is crunched and put across like a Raja ravi varma painting.
D. He is like a Rembrandt with the data that is present.
Now the book Great by Choice is about companies that are called as 10Xers which means the companies that have given returns more than 10 times than tha ...more
The most successful companies don’t let chance determine their fate. They are obsessive in their preparation, ensure that they have the evidence to back up their decisions, and practice the discipline to continue with their plans through both good times and bad. It’s this mixture of consistency and evidence-based analysis that allows some companies show long-term success in a chaotic world.
Neither luck nor chance are the reasons why some companies become great. Ev ...more
Tạp chí Wallstreet Journal review quyển này như sau: "Collins ...more
I liked the point that one of the most important forms of luck is ...more
The core concept of the book revolves around preparin ...more
Jim Collins breaks it down into 5 basic strategies:
20 Mile March
Fire Bullets, Then Cannonballs
Leading above the Death Line
The two that were most memorable and important to me (though they are all intertwined in the end) are:
Fire bullets, then cannonballs and SMac.
The bullets / cannonballs analogy has to do with responding to opportunities. The great companie ...more
I love when I read a book, and it inspires me to read other books. I've never wanted to read about the race to the South Pole, but now I do. Climbing Everest, never interested me before, now I'm adding books to my queue.
The biggest takeaway from this book is that preparation is important. You can't be prepared for every disaster, but being ready for *A* disaster will help you su ...more
Three concepts dominate: productive paranoia, empirical creativity, and fanatic discipline, which are bound in the middle by ambitious leaders. Producti ...more
SPOILER ALERT: I chose to give the following synopsis as part of ...more
This time around Jim is joined by University of California Berkeley Business Professor Morten Hansen as they work to answer the question, "Why do some companies thrive in uncertainty, even chaos, and others do not?" To answer this question both Collins and Morten use the matched-pair case method in which they pair a 10Xer or high fl ...more
that said, this book has done a really good job of presenting the relevant data and examples. lots to learn from it, and recommended for anyone seeking to be a more effective leader.
This isn't exactly a page turner. It's an analysis of corporations and some opinions on what made them successful while their competitors struggled in the same situations. Framed from the perspective of corporations, the advice loses its human value and becomes a chore to take in. If you want to build the next big giant company, these might be some guidelines to start from. Those aren't part of my personal goals, so the advice is hard to relate ...more
Really great concepts on the factors of choice that contribute to great businesses.
1. 20 mile March - make sure progress, not too much and not too little, every day regardless of weather.
2. Fire bullets, then cannonballs - make many low cost and fast test shots to find what works, then lob the cannonball
3. Leading above the death line - have reserves built up to weather the storms ...more
Collins describes five characteristics that distinguish 10Xer companies from thei ...more
In the epilogue, he writes, “We sense a dangerous disease infecting our modern culture and eroding hope: an increasingly prevalent view that greatness owes more to circumstance, even luck, than to action and discipline—that what happens to us matters more than what we do.” He then goes on to say, “...greatness is first and foremost a matter of conscious choice and d ...more
Jim Collins is a student and teacher of enduring great companies — how they grow, how they attain superior performance, and how good companies can become great companies. Having invested over a decade of research into the topic, Jim has authored or co-authored four books, i ...more