Good to Great (Old Version) Book Summary - Good to Great (Old Version) Book explained in key points
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Good to Great (Old Version) summary

Jim Collins

Why Some Companies Make the Leap...and Others Don't

4.5 (713 ratings)
17 mins

Brief summary

Good to Great by Jim Collins is a business book that analyzes what sets some companies apart from others, identifying key factors that drive sustained success. It provides insights and strategies for businesses to achieve greatness.

Table of Contents

    Good to Great (Old Version)
    Summary of 8 key ideas

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    Key idea 1 of 8

    Finding your “hedgehog concept” will give you a clear path to follow.

    Jim Collins has an analogy for a strategy that good-to-great businesses use to clarify their business decisions.It goes like this: 

    Imagine a cunning fox hunting a hedgehog. Each day, the fox comes up with a plethora of surprise attacks and sneaky tactics to devour it. And each time, the hedgehog responds in the same way: it curls up into a spiky, unbreachable ball. Its adherence to this simple strategy is the reason the hedgehog prevails day after day.

    Good-to-great companies all find their own hedgehog concept by asking themselves three key questions:

    What can we be the best in the world at? 

    What can we be passionate about? 

    What is the key economic indicator we should concentrate on? 

    After an average of four years of iteration and debate around these questions, good-to-great companies eventually discover their own simple hedgehog concept. From that point on, every decision the company makes is in line with this concept – and success follows.

    The hedgehog concept is about knowing yourself as a company, acting in line with that identity, and having a clear goal. By asking and answering these questions, you can grow in a focused way rather than sporadically in several directions.

    It’s all about simplicity.

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    Key ideas in Good to Great (Old Version)

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    What is Good to Great (Old Version) about?

    Good to Great (2001) presents the findings of a five-year study by the author and his research team. The team identified public companies that had achieved enduring success after years of mediocre performance and isolated the factors which differentiated those companies from their lackluster competitors.

    These factors have been distilled into key concepts regarding leadership, culture and strategic management.

    Good to Great (Old Version) Review

    Good to Great (Old Version) by Jim Collins (2001) provides valuable insights on what sets great companies apart from good ones. Here's why this book is worth reading:

    • It offers practical strategies for transforming a good company into a truly great one, based on years of research and analysis.
    • By examining successful companies and identifying their common characteristics, the book presents a roadmap for achieving sustained greatness.
    • The book stands out for its rigorous research and data-driven approach, making it an invaluable resource for business leaders and entrepreneurs.

    Who should read Good to Great (Old Version)?

    • Executives, investors and managers interested in taking their company from mediocrity to greatness
    • Entrepreneurs who want to make their start-up great from the very beginning
    • Anyone interested in what makes for great leadership, great corporate culture and great strategic planning

    About the Author

    Jim Collins is an author, lecturer and consultant, who among other things, has taught at the Stanford University Graduate School of Business and is a frequent contributor to FortuneBusinessWeek and Harvard Business Review. His previous book Built to Last sold over 4 million copies.

    The author was inspired to write Good to Great when a business acquaintance pointed out that his previous book examined only how great companies stay great, not how they can become that way in the first place. 

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    Good to Great (Old Version) FAQs 

    What is the main message of Good to Great (Old Version)?

    Uncover how companies transition from good to great by analyzing their strategies and practices.

    How long does it take to read Good to Great (Old Version)?

    Reading time varies, but you can read the Blinkist summary in just 15 minutes.

    Is Good to Great (Old Version) a good book? Is it worth reading?

    Good to Great (Old Version) is worth reading for its insights into the factors that make companies exceptional.

    Who is the author of Good to Great (Old Version)?

    Good to Great (Old Version) was written by Jim Collins.

    How many chapters are in Good to Great (Old Version)?

    Good to Great (Old Version) has 9 chapters:

    1. Good is the Enemy of Great
    2. First Who...Then What
    3. Confront the Brutal Facts (Yet Never Lose Faith)
    4. The Hedgehog Concept (Simplicity Within the Three Circles)
    5. A Culture of Discipline
    6. Technology Accelerators
    7. The Flywheel and the Doom Loop
    8. From Good to Great to Built to Last
    9. Appendix: Good to Great in the Social Sectors

    How many pages are in Good to Great (Old Version)?

    Good to Great (Old Version) contains 300 pages.

    When was Good to Great (Old Version) published?

    Good to Great (Old Version) was published in 2001.

    What to read after Good to Great (Old Version)?

    If you're wondering what to read next after Good to Great (Old Version), here are some recommendations we suggest:
    • Never Split the Difference by Chris Voss and Tahl Raz
    • Start With Why by Simon Sinek
    • Leadership Is Language by David Marquet
    • Dare to Lead by Brené Brown
    • Blue Ocean Strategy by W. Chan Kim
    • Built to Last by Jim Collins
    • The Infinite Game by Simon Sinek
    • The Leader Habit by Martin Lanik
    • Leaders Eat Last by Simon Sinek
    • The Tipping Point by Malcolm Gladwell