good to great
DESCRIPTION
This presentation is on the book "Good to Great" by Jim Collins.TRANSCRIPT
Jim Collins
What is it all about?
Its about what goes into
a company’s transformation from mediocre to excellent.
The Good to Great Framework
Level 5 Leadership
1
What does it take to be a
Level 5 Leader?
Level 1 - Highly Capable IndividualLevel 2 - Contributing Team MemberLevel 3 - Competent ManagerLevel 4 - Effective LeaderLevel 5 - Executive
Level 5 = Humility + Professional Will + Modesty + Resolve + Determination
2First Who.. Then What..
GET THE RIGHT PEOPLE ON THE BUS FIRST, AND
THE WRONG PEOPLE OFF THE BUS, THEN FIGURE OUT WHAT DIRECTION TO DRIVE THE COMPANY.
THE RIGHT PEOPLE WILL DO THE RIGHT THINGS AND
DELIVER THE BEST RESULTS REGARDLESS OF THE INCENTIVE SYSTEM.
LETTING THE WRONG PEOPLE HANG AROUND IS UNFAIR TO ALL THE RIGHT PEOPLE.
EVERY MINUTE DEVOTED TO PUTTING THE PROPER PERSON IN THE PROPER SLOT IS WORTH
WEEKS OF TIME LATER.
3Confront The Brutal Facts
FACTS ARE BETTER THAN DREAMS
Good 2 Great Companies
infused the entire process
with the brutal facts of reality
THERE IS NOTHING WRONG WITH PURSUINGA VISION OF GREATNESS.
Good 2 Great Companies
continually refined the path to greatness
with the brutal facts of reality.
One of the single most de-motivating actionsyou can hold is
to hold out false hopes SOON TO BE SWEPT AWAY
BY EVENTS.
How Do YouC.R.E.A.T.E.
A CLIMATEWhere The Truth Is Heard?
1. Lead with Questions not Answers2. Engage in dialogue & debate3. Conduct Autopsies without blame4. Build “red-flag” mechanisms that turn info into info that cannot be ignored
4The HedgeHog Concept
Hedgehogs simplify a complex world into a single basic organizing principle
that unifies or guides the daily life.
Everything else outside this basic concept is irrelevant and not worth wasting energy on.
The essence of profound insight is simplicity.
Hedgehogs see what is essential, and ignore the rest.
5
Culture of Discipline
1. Avoid bureaucracy & hierarchy
2. Create a culture of discipline with an ethic of entrepreneurship.
3. Build a culture around the idea of freedom & responsibility
4. Fill that culture with people willing to go to extreme lengths to fulfill their
responsibilities.
5. Don’t confuse a culture of discipline with a tyrannical disciplinarian
6. Create a “Stop Doing List” as well as a “To-Do List”
6
Technology Accelerators
Pause
Think
Crawl
Walk
Run
1. Good to Great companies avoid technology fads & bandwagons.
2. If the technology fit in the Hedgehog Concept,
you need to pioneer in the application of that technology.
3. G2G use technology as an accelerator of momentum,
not a creator of it.
7
1. An overnight success is usually the result of a decade of hard work.
2. People will naturally help push the wheel in one direction when they begin
to see tangible results.
8
9
1. G2C companies used mergers as accelerators of momentum,not creators of momentum.
2. Two big mediocrities joined togetherdo not make one great company.
3. You cannot buy your way to greatness.
.: Thank You :.