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Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less by Eighty Twenty Publishing
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Good To Great by Jim Collins Quotes Showing 1-15 of 15
“The Hedgehog Concept comes from the Greek fable about the fox and the hedgehog: while the wily fox knows many things, the simple hedgehog only knows one thing, but that one knowledge bite is highly impactful in protecting itself against danger. Discovering that simple but essential element is what created the success of the good-to-great companies.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“The leaders of good-to-great companies did not first focus on creating a vision or over-arching goal. Instead, they made sure to first get the best, brightest, and hardest-working people on board, while removing those that don’t perform. Once they had the right people, they then determined where to lead their companies. In other words, their guiding principle is to first determine the “who” before figuring out the “what”. The elite companies practiced three principles in hiring:”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“Do not hesitate to make changes when hiring mistakes are found. Either reassign people to the right roles or drop them completely.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“Motivating employees to do better is a waste of time as the right people are capable of motivating themselves.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“When you have the right people, they will require little motivation or management as they will work towards creating results on their own. Passionately inclined, they may argue and debate violently with each other at first, but when a decision has been made they will stand together for the good of the company.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“Motivating employees to do better is a waste of time as the right people are capable of motivating themselves. The point is not to demoralize them by clinging on to unachievable hopes and dreams.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“Greatness is a feat few companies manage to either attain or sustain, largely because it is easy to settle for being “good enough”. However, the principles for making the jump from good to great are timeless and can be used by any organization that has the knowledge and will to apply them.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“The leaders of good-to-great companies did not focus first on creating a vision or over-arching goal. Instead, they made sure to first get the best, brightest, and hardest-working people on board, while removing those that weren’t performing.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“In all of the elite companies studied, Level 5 Leaders were in charge when they made the leap from good to great. Level 5 Leadership refers to a type of leader who is not only a highly capable individual, team player, and manager, but also embodies two essential traits: personal humility and the will to do whatever it takes to get results. Level 5 Leaders are quiet, modest, self-effacing, even reserved. They lack over-sized egos or inflated sense of self-importance. Level 5 Leaders are driven to create great results. They are not afraid to make difficult or unpopular decisions if it will better their company. While Level 5 Leaders demonstrate tenacious ambition and will to succeed, they do not devote this energy for their own benefit but instead drive it towards the company’s success. In contrast, the outsized egos and self-serving nature of the “control set” executives contributed to the deaths of their own companies. When good results happen, Level 5 Leaders credit good luck. When results are disappointing, Level 5 Leaders blame only themselves and take responsibility. Other leaders credit themselves when good results come and blame luck or other people for failures. Level 5 Leaders make sure their companies maintain excellence by setting up competent successors who will push their companies to even greater heights. In contrast, other types of managers often leave gaping holes in leadership once they retire. An unexpected finding showed that a majority of the great CEOs were home-grown. In contrast, “celebrity” executives brought into a company have shown to cause more harm than good. It is incredibly detrimental for a company to elect an ego-driven and self-serving CEO instead of a Level 5 Leader. Potential Level 5 Leaders are all around us, and it is possible for one to become a Level 5 leader by embodying their basic traits.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“the outsized egos and self-serving nature of the “control set” executives contributed to the deaths of their own companies.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“The good-to-great companies insisted on confronting the reality of their situations, no matter how unpleasant, and adjusting their strategies to address them. Only by facing reality with a clear vision can one come up with any form of workable solution in the first place. Good leadership is not just about creating a vision but also about creating a culture where people speak the truth and face the honest facts. There are four ways to achieve this:”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“When good results happen, Level 5 Leaders credit good luck. When results are disappointing, Level 5 Leaders blame only themselves and take responsibility.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“Great companies did not simply employ best practices, they also focused on determining and abandoning detrimental practices.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“Good leadership is not just about creating a vision, but also about creating a culture where people speak the truth and face the honest facts.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less
“Avoid hiring on dubious qualifications. When in doubt, move on to the next candidate.”
Eighty Twenty Publishing, Good To Great by Jim Collins: Summary of the Key Ideas in One Hour or Less