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by Robin Sharma
Why Some Companies Make the Leap...and Others Don't
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.
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.
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) by Jim Collins (2001) provides valuable insights on what sets great companies apart from good ones. Here's why this book is worth reading:
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Try Blinkist to get the key ideas from 7,000+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trialBlink 3 of 8 - The 5 AM Club
by Robin Sharma
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:
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.