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A Joosr Guide to Good to Great by Jim Collins

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In today's fast-paced world, it's tough to find the time to read. But with Joosr guides, you can get the key insights from bestselling non-fiction titles in less than 20 minutes. Whether you want to gain knowledge on the go or find the books you'll love, Joosr's brief and accessible eBook summaries fit into your life. Find out more at joosr.com.

Is there a formula to greatness? How your company can make the leap from good to great.

In Good to Great, Jim Collins proves that it is possible for a good company to become great. After carefully scouring decades of financial data, conducting interviews and reviewing records, Collins and his team of researchers identified several important and sometimes surprising traits that are integral to overcoming mediocrity and advancing to excellence. Good to Great demonstrates that a successful company is built on the right people: from the humble and dedicated leaders, through to their creative and passionate teams.

You will learn:

· How any company can implement the principles of the Hedgehog Concept to find and exploit their niche

· Why a modest, hardworking leader is better than the charismatic and self-serving frontman

· How to cultivate a culture of discipline, built around a team of motivated self-managers.
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18 printed pages
Publication year
2015
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Quotes

  • Davudhas quoted4 years ago
    Another idea is to identify what it is that you can do or be better at than everyone else in the world. Whatever that thing is needs to become the focus of your business. Sometimes, companies find that what they can do best is nothing they are doing now, but identifying that thing and striving to do or be that is the only way to become great.
    Finally, companies must identify how they can most effectively make a profit. One of the main functions of a business is to create revenue, and all companies that achieved greatness were able to identify the best ways to do so. These companies worked out how they could be most economically successful, and then did it.
    Sometimes, doing so meant changes must be made. For example, Walgreens used to have restaurants, too. Instead of trying to continue with both restaurants and drugstores, they chose to focus on the better investment, and leave food service. Drugstores were the intelligent economical choice, and CEO Charles R. “Cork” Walgreen III made it.
    If any opportunities or actions do not fulfill all three of these ideas simultaneously, the companies that achieve greatness ignore them. It takes a dis
  • Davudhas quoted4 years ago
    first of these ideas is that you need to identify your passion.
  • b2646131474has quoted5 years ago
    Choosing a flashy leader from the outside to bring into a company is a mistake that many mediocre companies make, as was the case for Scott Paper with Al Dunlap. He was a braggart who yelled loudly about his accomplishments, but his company was eventually acquired by Kimberly-Clark’s modest but driven CEO, Darwin Smith. A leader must be a workhorse, and not a show pony.

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