Summary Of Good To Great By Jim Collins- Why Some Companies Make the Leap and Others Don't: FRANCIS Books, #1

By FRANCIS THOMAS

Good To Great By Jim Collins

Jim Collin's Good to Great examines companies that have not only endured over time, but who managed the transition from being good companies to becoming outstanding performers. The eleven companies found to have taken this leap managed to outperform the stock market 6.9 times over fifteen years. The author set out to understand what distinguished great organizations from a carefully selected group of companies that did not make the grade.

 The research team came up with some unexpected outcomes. At the time of the transition from Good to Great all eleven companies were being led by Level 5 Leaders. These people showed a unique combination of humility and professional will. They were prepared to do anything necessary for the benefit of the organization. 

Level 5 Leaders started out, not by plotting the direction of the company, but by ensuring that they had all the right people in the right positions. Then they confronted the brutal facts of their organization, and used this knowledge to ensure that they chose the right direction for the firm. Knowing what the organization should be doing-and equally importantly what it should not be doing-they stuck stubbornly to the plan even when they were in dire circumstances. The culture of discipline within the organization ensured that the path to excellence would eventually be met. Patience, endurance and discipline, doggedly sticking only to what the company did best, resulted in outstanding results. 

This investigation of what distinguished the great from the mediocre is an excellent study of what is needed to build great organizations.

 

 

• Language: English
• Publisher: Instant-Summary
• Release date: Sep 19, 2023
• ISBN: 9798223264538

FRANCIS THOMAS

Francis Thomas - Here to Help You Learn!   In a world where time is a precious commodity, Francis Thomas emerges as a savior for book enthusiasts. Specializing in crafting succinct summaries of both fiction and non-fiction books, he enables readers to absorb the essence of a story in a fraction of the time. His summaries are not just condensed versions but a reimagined experience that retains the heart of the original work.   Francis embarked on this literary venture with a simple yet profound goal: to nurture a love for reading in a time-constrained world. His summaries serve as a bridge to the rich narratives and profound insights found within the pages of numerous books, without the extensive time commitment. Through his works, readers can explore a plethora of genres and topics, absorbing the core narratives and the wisdom they offer.   But Francis's contribution to the literary world goes beyond summarizing stories. He extracts the embedded lessons within each narrative, bringing them to the forefront for readers to reflect upon and integrate into their lives. His summaries are not just a quick read but a source of inspiration and reflection.   Join Francis Thomas on this literary adventure, where stories are retold, lessons are unearthed, and the joy of reading is rediscovered, one summary at a time.

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TABLE OF CONTENTS

Introduction.....................................1

Chapter 1: Good is the Enemy of Great...................2

Chapter 2: Level 5 Leadership.........................5

Chapter 3: First Who...Then What......................9

Chapter 4: Confront the Brutal Facts (Yet never lose faith)......13

Chapter 5: The Hedgehog Concept (Simplicity within the Three Circles).....16

Chapter 6: A Culture of Discipline......................21

Chapter 7: Technology Accelerators.....................24

Chapter 8: The Flywheel and the Doom Loop..............26

Chapter 9: From Good to Great to Built to Last.............29

Conclusion.....................................36

Introduction

Jim Collin’s Good to Great examines companies that have not only endured over time, but who managed the transition from being good companies to becoming outstanding performers. The eleven companies found to have taken this leap managed to outperform the stock market 6.9 times over fifteen years. The author set out to understand what distinguished great organizations from a carefully selected group of companies that did not make the grade.

The research team came up with some unexpected outcomes. At the time of the transition from Good to Great all eleven companies were being led by Level 5 Leaders. These people showed a unique