PDF Ebook Good to Great: Why Some Companies Make the Leap and Others Don't, by Jim Collins
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Good to Great: Why Some Companies Make the Leap and Others Don't, by Jim Collins
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Amazon.com Review
Five years ago, Jim Collins asked the question, "Can a good company become a great company and if so, how?" In Good to Great Collins, the author of Built to Last, concludes that it is possible, but finds there are no silver bullets. Collins and his team of researchers began their quest by sorting through a list of 1,435 companies, looking for those that made substantial improvements in their performance over time. They finally settled on 11--including Fannie Mae, Gillette, Walgreens, and Wells Fargo--and discovered common traits that challenged many of the conventional notions of corporate success. Making the transition from good to great doesn't require a high-profile CEO, the latest technology, innovative change management, or even a fine-tuned business strategy. At the heart of those rare and truly great companies was a corporate culture that rigorously found and promoted disciplined people to think and act in a disciplined manner. Peppered with dozens of stories and examples from the great and not so great, the book offers a well-reasoned road map to excellence that any organization would do well to consider. Like Built to Last, Good to Great is one of those books that managers and CEOs will be reading and rereading for years to come. --Harry C. Edwards
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From Publishers Weekly
In what Collins terms a prequel to the bestseller Built to Last he wrote with Jerry Porras, this worthwhile effort explores the way good organizations can be turned into ones that produce great, sustained results. To find the keys to greatness, Collins's 21-person research team (at his management research firm) read and coded 6,000 articles, generated more than 2,000 pages of interview transcripts and created 384 megabytes of computer data in a five-year project. That Collins is able to distill the findings into a cogent, well-argued and instructive guide is a testament to his writing skills. After establishing a definition of a good-to-great transition that involves a 10-year fallow period followed by 15 years of increased profits, Collins's crew combed through every company that has made the Fortune 500 (approximately 1,400) and found 11 that met their criteria, including Walgreens, Kimberly Clark and Circuit City. At the heart of the findings about these companies' stellar successes is what Collins calls the Hedgehog Concept, a product or service that leads a company to outshine all worldwide competitors, that drives a company's economic engine and that a company is passionate about. While the companies that achieved greatness were all in different industries, each engaged in versions of Collins's strategies. While some of the overall findings are counterintuitive (e.g., the most effective leaders are humble and strong-willed rather than outgoing), many of Collins's perspectives on running a business are amazingly simple and commonsense. This is not to suggest, however, that executives at all levels wouldn't benefit from reading this book; after all, only 11 companies managed to figure out how to change their B grade to an A on their own. Copyright 2001 Cahners Business Information, Inc.
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Product details
Hardcover: 400 pages
Publisher: HarperBusiness; 1st edition (October 16, 2001)
Language: English
ISBN-10: 9780066620992
ISBN-13: 978-0066620992
ASIN: 0066620996
Product Dimensions:
6.1 x 1 x 9.2 inches
Shipping Weight: 12.8 ounces (View shipping rates and policies)
Average Customer Review:
4.5 out of 5 stars
2,601 customer reviews
Amazon Best Sellers Rank:
#252 in Books (See Top 100 in Books)
Overall the content is decent, but Time has given this book a black eye. Some of the companies touted as models to follow are in dire straits now or went out of business. Fannie Mae, praised as one of the banks to go Good to Great, has fallen into the trash heap since 2008 and has never recovered. This happened 7 years after the book was written. Circuit City, another Good to Great, doesn't even exist anymore, at least by name and as a brick-n-mortar store. Wells Fargo, a good to great awardee, aren't so noble anymore given their recent scandals. In the 2010's, Wells Fargo perpetrated some of the poor behaviors the book claimed they avoided through the 80's and 90's which led them to Great. The book is VERY well researched in its time frame, but a lot of it in my opinion is antiquated. 90% of the data is taken from the pre-Internet era, the ball field is much different now. Some of the points are valid and helpful, some are senseless. I did glean a few nuggets from the book that made it worth my time, but 1/3 of the way through this book I dreaded finishing it. You'd be better reading Simon Sinek's Start With Why.
This is the first business book I've ever read, so I'm not very famillar with the genre, but I enjoyed this. I am not interested in being a CEO or anything like that, but I liked this book because many of the concepts talked about can be applied to my own life. I saw this as more of a general self improvement book that used businesses as examples of concepts, rather than a book solely about business.
This book has been on my list for quite a while and now I'm kicking myself for waiting so long! Jim Collins and his team provide some fantastic insights that aren't just based upon a popular fad opinion, but are actually backed up by studies.If you are a leader or desire to be one, this is a must read. He speaks to much more than just trends, but to actual character. As a fairly charismatic person, I found it interesting to see some of the downsides of charisma. I really appreciated his approach to discussing the power of clarity and consistency.Now that I've read the book, I see it's themes running through so many other books like, "Start With Why". This is a classic and I can not recommend it highly enough.
Wow. My husband was reading this for professional development, and we started reading it together. I am a nurse and have no experience in business, but this book was so relevant to every aspect of life. Very interesting concepts, and a good read. Even if you're not in the business sector I strongly suggest this book for a really interesting perspective on how to approach all aspects of life (as these findings apple to everything)!.
Jim Collins presents many interesting business concepts throughout Good to Great. The research conducted for this book is complicated however Collins simplifies the process to more clearly explain why some things were included or omitted. Through the research, many concepts are presented and then emphasized using comparisons between two similar companies. At times the transformation of a specific company solely based on use of the concepts seems hard to believe. However Collins does give enough evidence to support the importance of the concepts to be used as tools to help the company transition from good to great. The concept being the most important in my opinion was having upper management to be brutally honest. Many companies fail to face the facts and it's easy to see in this book the consequences. The book was published about 15 years ago and since then one of the “great†companies has gone out of business (Circuit City) and another one is currently in trouble (Wells Fargo). So it is interesting to analyze what concepts the companies stopped implementing that made them so successful years ago. Overall this book was an interesting and easy to understand read that appeals to not just those in upper management, but also to those who want to know what can make a company great.
A wonderful anthology on the right and necessary steps a growing concern must continue to take if they are to remain viable in todays society and ready for the future.. As a CEO, you must be above the fray of everyday operations and keep a keen eye on the future and potential innovations. For example, when Sears gave up the catalog in the early 1990's, the potential of the internet was just beginning to raise its capacity to greatly influence a new way of doing business. If the Sears executives had not been so busy trying to save a buck and give up the catalog, maybe it could have retained its millions of dedicated shoppers and innovated along the lines of the internet that we know today as Amazon.Bezos, of Amazon, was a hedge fund manager in the late 1980's. How did he become some a relevant whole seller with a revolutionary way of delivery in the late 90's. This is the clear message that I got from Good To Great. You must be willing to boldly assault the future and at the same time question if this is the right way to go. That way your organizations will not become complacent and our managerial core will be a group of activists and futurists. That's how you keep going from Great To Even Greater. Good To Great is fine. But now you must take the next step.
It's hard to know what to say about this book. People love it, and love what it says, but several of the companies profiled turned out to be cooking their books, cheating customers, etc... Wells Fargo, Sallie Mae, GE... So I'm left wondering, were these companies extraordinarily successful because of the processes and ideas presented in the book, or was their extraordinary success based on cheating. I just can't take the book's advice seriously given the track record of several of the companies studied. Maybe if you're passionate about being the best, and you want to be the best in the world, and make tons of money doing it [your hedgehog]- you break the rules to get ahead?? Not the advice I'm looking for....
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