good to great article
Every great company Collin’s studied had the same type of leader – Level 5 Leaders.Moving a step up the hierarchy, the next level is a Contributing Team Member. Great results were defined as having a total stock return of at least 3 times the general market over the same period in time.
We’ve all been told that leaders make things happen — and that’s true: Pushing that flywheel takes a lot of concerted effort. Law enforcement must be led in a way that only a law enforcement leader can; by someone that has handled calls, made arrests, used force, and been in situations that they will never forget.
Stockdale was a prisoner of war for over seven years during which time he was tortured many times.When asked how he handled the uncertainty of his outcome he said essentially that he never doubted that he would survive.
Each time they switch idea momentum is lost.These companies completely stop trying to create momentum. Influential management professor Jim Collins released the popular Good to Great: Why Some Companies Make the Leap…and Others Don’t in 2001. From December 31, 1975 to January 1, 2000, one dollar invested in Walgreens beat one dollar invested in Intel by nearly 2 times, General Electric by nearly 5 times, and Coca-Cola by nearly 8 times. Don’t make the mistake of many executives: mistaking control for discipline.To support a culture of discipline you’ll need to do five things:You will free up your time if you put in place boundaries but let people decide for themselves how to act within those boundaries. It requires clarity, not instant illumination. There’s even a tendency to blame Wall Street for the “instant results” approach to change. In this article, we’ll summarize the key points of the classic business book, Good to Great by Jim Collins.Some companies have always been great, such as Coca-Cola. Looking back on our research, what’s most striking to me about our findings is the absence of a magic moment in any of the good-to-great companies — or in our own journey to understanding. Once the Hedgehog Concept is found they are tasked with ensuring it is being ruthlessly driven forward.To be effective the council needs the right people on board. This gives you a better chance of making the right “what” decision. It’s about companies who were good for a long time and then somehow became great for a long time. The transition from good to great had to be company specific, not an industrywide event.3. Many companies don’t even try to be great. Good is the enemy of great. It took years to gain enough momentum for the press to herald Kimberly-Clark’s shift from good to great. Jim Collins starts his book, “Good to Great,” with this simple quote: “Good is the enemy of great.” That quote struck me like a lightning bolt because, all too often, law enforcement gets stuck in the rut of thinking that good is a fine place to be. But then they work on it intermittently, giving only intermittent big pushes. It involves having the discipline to confront the brutal facts about your situation.
"Collins reaffirmed that "The books never promised that these companies would always be great, just that they were once great." This monograph is a response to questions raised by readers in the social sector. To help develop their Hedgehog Concept many companies use a Business Council.A business council is a group of people from different areas of the business who meet regularly. And they stick with that discipline — first the people, then the direction — no matter how dire the circumstances. And climb. There’re not striving to be the best in the industry. All they see is a single goal and they execute to achieve that goal.Good to Great companies behave in a similar way to a hedgehog.
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