Transcript

GOOD TO GREAT

GOOD TO GREATJIM COLLINSDisciplined people- no hierarchy

Disciplined thought- no bureaucracy

Discipline action- no controlsLevel 5First whothen whatConfront the brutal factsHedgehog (simplicity)Culture of discipline (P-T-A)Technology Accelerators

LEVEL 5SELF EFFICACYQUIETRESERVEDPERSONAL HUMILITYPROFESSIONAL WILLCulture of Discipline + ethic of entrepreneurship = alchemy of great performance

Good to great = sustained great results= built to last = enduring great company LEVEL 5 executive

Effective leader

Competent manager

Contributing team leader

Highly capable individual

HIGHLY CAPABLE INDIVIDUALPRODUCTIVE CONTRIBUTION with talent, knowledge, skills and good work habitsContributing team leaderContributing individual capabilities to group objectives and works effectivelyCompetent managerOrganizing , people, resources effectively and efficiently for the pursuit of pre determined objectivesEffective leaderCatalyzes commitment to and vigorous pursuit of vision stimulating higher performance standardsLevel 5 executiveIncredible ambition

Enduring personal humility and professional willModest & willful + humble & fearless

have unwavering RESOLVE to what must be doneProfessional willPersonal humility creating results unwavering resolvewill settle for nothing lessLooks in mirror for poor results compelling modesty calm determination, relies on inspiring standards channels ambitionLooks out window for good results

lead with questions, but not answers

Engage in dialogue and debate not coercion

conduct autopsies, without blame

build red flag mechanisms that the information cant be IGNOREDSTOCKDALE PARADOXRETAIN FATIH &CONFRONT FACTTHE HEDGE HOG CONCEPTWHAT YOU ARE DEEPLY PASSIONATE ABOUTWHAT YOU CAN BE THE BEST IN THE WORLD ATWHAT DRIVES YOUR ECONOMIC ENGINE ACTION ON THE HEAR SAY WITH HEDGE HOG CONCEPT- AN ITERATIVE PROCESS

X AXIS- ETHIC OF ENTREPRENEURSHIPY AXIS- CULTURE OF DICIPLINEBUREAUCRATIC- START UP- HIERARCHIAL- GREAT ORG'NA CULTURE OF DISCIPLINEIt is about getting disciplined people with disciplined thought for disciplined actionIt takes discipline to say No, thank you to big once in a life time opportunityHave a stop doing list which is more important than to do listsNucors three circlesPassion- for eliminating class distinctions and creating an egalitarian meritocracy that aligns management, labor, and financial interestsCould become the best in the world- at harnessing culture and technology to produce low cost steelEconomic ENGINE- of profit per ton of finished steelTechnology acceleratorscrawl, walk, run is the very effective approach in rapid and radical technological change The fly wheel effectConsistency & coherence

Let results do most of the talking and accelerate momentum

it is your work in life that is the ultimate seduction- Pablo PicassoBuilt to lastpreserve the core (values and purpose), and stimulate progress (cultural and operating practices, specific goals and strategies)Clock building, not time tellingGenius of ANDCore ideologyPreserve the core/ stimulate progress

Big Hairy Audacious Goal- BHAG


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