Good to great

A book written by Jim Collins that tackels one of the biggest questions business has to offer.

Begin 2013 I had a meeting with an inspiring COO. He offered me this book.

I started reading and recognized a few very important facts that I want to share with you.

An overview of the framework of concepts:

1.Level 5 Executive

• blends extreme personal humility with intense professional will
• looks outside the window to attibute succss to factors other than themselves
• looks ino the mirror when things go poorely, taking full resposibility

2.First who than what

• getting the right people on the bus and then figure out where to drive
• put your best people on your biggest opportunities
• debate vigourosly in search of the best answers

3.Confront the brutal facts (Yet never lose faith)

• lead with questions, not anwers
• engage in dialogue and debate
• conduct autopsies without blame
• built red flag mechanisms that turn information into information that can not be ignored

4.Hedgehog concept (simplicity within the three circles)

1. What are you deeply passionate about?
2. What you can be the best in the world at?
3. What drives yor economic engine?

5.A culture of discipline

• matrix of creative discipline

• When you combine a culture of discipline with an ethic of entrepreneurship, you get the magical alchemy of great performance

• disciplined people, thoughts and actions

6.Technology Accelerators

These good to great companies never use technology as the primary means of igniting a transformation. Paradoxically, they are pioniers in the application of carefully selected technologies

7.The flywheel and the doom loop

• Sustainable transformations follow a predictable pattern of buildup and breakthrough
• The process ressembled relentlessly pushing a great heavy flywheel in one direction. Turn upon turn, building momentum untill a point of breakthrough and beyond

From Good to great to built to last

This book is how to turn a good organization into one that produces sustained great results. Built to last is how you take a company with great results and turn it into an enduring great company of iconic stature.

http://www.jimcollins.com/article_topics/articles/good-to-great.html