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
Three concepts dominate: productive paranoia, empirical creativity, and fanatic discipline, which are bound in the middle by ambitious leaders. Producti...more
Jim Collins가 최근 Great by Choice라는 세간에는 '경영철학서'로 불리고
그렇게 분류될 만하다고 평가되는 책을 출간하였다.
우리나라에서도 '위대한 기업의 선택'이라는 제목으로 번역/출간되었는데
이젠 어지간한 인기작가의 책들은 거의 해외출판과 동시에 번역출판되는 듯하다.
그만큼 우리나라 경영서적 독자들의 Global perspective의 지평이 넓어졌다고
이번 책은 Built to last, Good to Great, Why the mighty fall?에 이은 책에서의
(본인 스스로의 주장은) 일관된 이론하에서 기획된 책이라고 한다.
하지만, 변화가 워낙 빠르고, 그 변화의 Impact또한 날이 갈수록 심해지는
Black Swan(나심 니콜라스 탈레브 저서의 제목에서 나온 표현으로
한마리의 흑조가 기존에 모든 백조는 흰색이다라는 명제를 완전히
뒤집었던 것처럼 자본주의의 기조자체를 뒤 흔드는 엄청난, 그리고
확률적으로는 매우 희박하지만 발생하면...more
Great by Choice uses this same analysis style to produce what I though were some very surprising results. The main difference between Good to Great and Great by Choice is the criteria used to select the great companies and their comparison companies. The criteria use...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
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.
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
SPOILER ALERT: I chose to give the following synopsis as part of...more
1) The enterprise sustained truly spectacular results for an era of 15+ years relative to the general stock market and relative to its industry.
2) The enterprise achieved these results in a particularly turbulent environment, full of events that were uncontrollable, fast-moving, uncertain, and potentially harmful.
3) The enterprise began its rise to greatness from a position of vulnerability, being young...more
I liked the point that one of the most important forms of luck is...more
1. They were committed to the 20 mile march in good times and bad. They didn't overreach when thi...more
Economist want to explain a difficult, complex world, with simple, water-clear models. This past-looking-future-prediction will has generate problems (and will continue to do so).
Still, Jim Collins' studies are very interesting and yield some interesting results.
Best part: Nassim Taleb's unpredictable world is finally reaching mainstream economics and being used...more
I read this book as part of the organizational leadership team at Two Rivers Public...more
Great by Choice, concentrating on why some companies manage to thrive in adversity while others go bust, is certainly timely, but it seems briefer and simpler that Collins' Good to Great and Bui...more
As our ministry continues along in a period of unprecedented growth, we're grappling with sustainability issues, controlled growth models and refining the vision we're called to (the hedgehog from Good To Great). The 20 Mile March and the SMaC chapters gave me a lot to anchor to. The Fire Bullets, Then Cannonballs is an innovative expression of classic entrepreneurial stuff, but contains a great reminder...more
1. Great companies observed what worked, figured out why it worked, and built upon proven foundations. (Pg. 9)
2. Great companies were more disciplined, more empirical and more paranoid. (Pg. 9)
3. A trump card for success is the ability to scale innovation, to blend creativity with discipline. (Pg. 10)
4. Just because your environment is rocked by dramatic changed does not mean that you should inflict radical change upon yourself. (Pg. 10)
5. "You don't wait until you're in an unexpec...more
Great By Choice focuses in on the tumultuous, modern times and how some companies...more
Think back to 15 years ago, and consider what's happened since, the destabilizing events — in the world, in your country, in the markets, in your work, in your life — that defied all expectations. We can be astonished, confounded, shocked, stunned, delighted, or terrified, but rarely prescient. None of us can predict with certainty the twists and turns our lives will take. Life is uncertain, the future unknown.
Author of bestselling business book...more
The core concept of the book revolves around preparin...more
* Victory awaits him who has everything in order—luck people call it. Defeat is certain for him who has neglected...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