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You are here: Home > Book Reviews > Good to Great: Why Some Companies Make the Leap... and Others Don't Review Welcome to the Good to Great: Why Some Companies Make the Leap... and Others Don't : Why do some companies have continuing, sustained growth in excess of those companies around them? What is it that makes them different? Is it charismatic leadership? Right place, right time? Unique product? This is the question that Jim Collins attempts to answer in Good to Great. He and a team of 20 researchers spent five years and more than 15,000 manhours researching the question, Why Some Companies Make the Leap, Good to Great...and Others Don't. They reviewed thousands of books, articles, and annual reports; conducted financial analyses on records that totaled 980 years of combined business records. They interviewed 84 senior executives and board members, scrutinized the personal and professional records of 56 of the CEO's, and researched the executive compensation plans. They analyzed the patterns in layoffs, how media exposure affected the financial results, and finally, how technology was used and it's effect, if any on the financial performance of the companies. The team researched every aspect that could be quantified, codified, analyzed or compared. The study begins with 1,435 Fortune 500 companies and narrows the list down to 11 that made the transition from good-to-great companies. These are companies that stand out as being different from their direct competition.This
book shows you objectively what it was that made these companies financial returns
3,4, to 18 times better than stock market averages for 15 years. And, it tells
you Level 5 Leadership: Moving from good to great starts with leadership, with the will and drive to succeed. Not on a personal level, but for the company to succeed. First Who...Then What: Next find the right people to manage and run the business. Control the Brutal Facts: Then look at the facts objectively. What are your core competencies? Hedgehog Concept: Then take action based on being the best at what you can be the best at. Culture of Discipline: Implement the resulting plan rigorously, with discipline and focus. Good to Great is a textbook on how to run a successful organization. It includes extensive appendices detailing the methodologies of the research and comphrehensive notes and references. Good to Great is a must-read for anyone
building or leading a business or group. And it challenges a lot of the current
hype At 300 pages, Good-to-Great is a
comphrehensive research project, well written and entertaining too. If you enjoyed
Built to Last, you will love Good-to-Great. Buy Good to Great: Why Some Companies Make the Leap... and Others Don't
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