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Lean East has summarized each chapter into a single lesson and converted the lessons into a process that can transform an organization from Good to Great. Let’s start with the very first chapter, which is organized around the idea of Good vs. Great. Over time, their intermittent nature leads to poor results. They build red flag mechanisms. The book is a bestseller that has become a management strategy classic on how to grow a successful company and our team has given the book as a gift to numerous organizational leaders. Every team member is rather afforded the degree of personal empowerment and latitude that is necessary to bring the firm’s envisioned objectives into existence. eval(ez_write_tag([[300,250],'expertprogrammanagement_com-large-leaderboard-2','ezslot_8',601,'0','0']));If you think about an organizational hierarchy, the lowest level of leadership is the Highly Capable Individual. That is the priority: first to find the best people; What you do with them comes later. This means that there is no need to excessively control the actions of your people. 1. Change the way you plan. It’s not just the quality of leadership that is important to be great. Select your industry: Moving a step up the hierarchy, the next level is a Contributing Team Member. That’s because if you overextend in good years, when opportunity appears to be everywhere, you may not have the resources to get through the lousy years. “Become aware of emerging market trends and potential problems”, The Hedgehog Concept:  Simplicity leads to greatness. Don’t make the mistake of many executives: mistaking control for discipline. They’ll be self-motivating and manage themselves. Invest in personal development, coaching and mentoring for your team. The fox is an intelligent, agile animal that is capable of attacking in several different ways. It’s impossible to overstress how important it is to have the right people in place… the right people simply won’t be satisfied with anything other than greatness. An exceptional leader cares only about the company’s success, even if it does not receive credit for it. @level5leaders Click To Tweet. Every thought they have and every decision they make for the company will be exclusive to fulfill the three principles, even if it means failing to seize great opportunities. Exceptional leaders are not egocentric as the leaders of mediocre businesses. MicroSummary: One of the best management books to ever see the light of day, “Good to Great” by Jim Collins tries to answer the question why some companies make the leap mentioned in the title, while others fail. Leaders will be fact led rather than personality led. The best use of limited gunpowder, or resources, says Collins, is to fire bullets to ensure that your aim is calibrated properly and that you can indeed hit your target. Good to Great is a management book that reveals the formula responsible for companies’ success and their transition from average to unwavering financial performance. The quality of all other people in the team is equally as important. 16 min read ⌚ MicroSummary: One of the best management books to ever see the light of day, “Good to Great” by Jim Collins tries to answer the question why some companies make the leap mentioned in the title, while others fail. And eventually, they gave up and died demoralized and of a broken heart. A mediocre company will immediately use new technologies for no purpose, afraid of becoming outdated. It doesn’t define us and it’s not who we are and what we are about, but without it we simply can’t survive very long. "[4], Publishers Weekly called it "worthwhile", although "many of Collins' perspectives on running a business are amazingly simple and commonsense". The trick is to keep the formula for excellence as business conditions change over the years. These leaders are likely to make bad decisions because they don’t have a true understanding of the facts. You wouldn’t be able to answer! Collins used a large team of researchers who studied "6,000 articles, generated more than 2,000 pages of interview transcripts and created 384 megabytes of computer data in a five-year project".[2]. “Have you turned your bad-luck events into a big part of what makes your company great? eval(ez_write_tag([[336,280],'expertprogrammanagement_com-large-mobile-banner-2','ezslot_4',607,'0','0']));To encourage and find Level 5 Leaders in your organization you can: Note that we have a whole section of this website dedicated to helping you improve your leadership skills. Mother Board by Neal Stephenson, Forty Years of the Internet by Oliver Burkeman, How the News Took Over Reality by Oliver Burkeman, Does It Help to Know History? A great company is full of people who know how to lead themselves. They use technology to speed up the momentum they already have. The results can be fantastic, but the road to get there is long. Instead,  carefully consider how it should be used and give your employees the chance to think of innovative strategies that will differentiate the company from their competitors and help the company achieve its goals. When the weather is bad, you can’t sit inside and complain – you still have make 20 miles. It’s really only able to do one thing well – curl up into a ball to protect itself. Many companies that failed to achieve excellence had inefficient employees in key positions and did not bring the right people to work for their team. Only when you’re sure of your ability to hit your target should you load lots of gunpowder into a cannonball and fire away. If you’re on a 2-mile march, says Collins, you don’t bolt 30 miles ahead when the weather is good. Why? Collins writes that “With his very first dime store in 1945, Sam Walton set the BHAG to ‘make my little Newport store the best, most profitable in Arkansas within five years.’ He continued to set BHAGs, which continued to get larger and more audacious, as his company grew.

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