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Good to Great: Why Some Companies Make the Leap...And Others Don't Hardcover – Unabridged, October 16, 2001
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From Publishers Weekly
Copyright 2001 Cahners Business Information, Inc.
Top Customer Reviews
Jim Collins and his team have done an enormous amount of interesting work to determine whether a good company can be come a great company, and how. The answer to the former question is "yes," assuming that the 11 of 1435 Fortune 500 companies did not make it there by accident. The answer to the latter is less clear. The study group identified a number of characteristics that their 11 companies had in common, which were much less frequently present in comparison companies. However, the study inexplicably fails to look at these same characteristics to see how often they succeed in the general population of companies. If these characteristics work 100 percent of the time, you really have something. If they work 5 percent of the time, then not too much is proven.
How were the 11 study companies selected? The criteria take pages to explain in an appendix. Let me simplify by saying that their stock price growth had to be in a range from somewhat lower than to not much higher than the market averages for 15 years. Then, in the next 15 years the stocks had to soar versus the market averages and comparison companies while remaining independent. That's hard to do. The selected companies are Abbott Laboratories, Circuit City, Fannie Mae, Gillette, Kimberly-Clark, Kroger, Nucor, Philip Morris, Pitney Bowes, Walgreen, and Wells Fargo.
As to the "how," attention was focused on what happened before and during the transition from average performance to high performance.Read more ›
Collins advocates the Hedgehog Concept - a combination of discovering what you can be best in the world at (Optimal Thinking), what you are passionate about, and what drives your economic engine. Collins states that sustained disciplined action is primarily achieved by "fanatical adherence to the Hedgehog Concept and the willingness to shun opportunities that fall outside the three circles." So my question is: How do you identify the best? I recommend Optimal Thinking: How To Be Your Best Self by Dr. Rosalene Glickman as an adjunct to this powerful book to provide the mental resource to identify the best, optimize emotional and financial intelligence and create a corporate culture of optimization. From Good to Greatest to Best!"
I've got several problems with this book, the biggest of which stem from fundamentally viewpoints on how to do research. Collin's brand of research is not my kind. It's not systematic, it's not replicable, it's not generalizable, it's not systematic, it's not free of bias, it's not model driven, and it's not collaborative. It's not, in short, scientific in any way. That's not to say that other methods of inquiry are without merit --the Harvard Business Review makes pretty darn good use of case studies, for example-- but way too often Collins's great truths seemed like square pegs crammed into round holes, because a round hole is what he wants. For example, there's no reported search for information that disconfirms his hypotheses. Are there other companies that don't make use of a Culture of Discipline (Chapter 6, natch) but yet are still great according to Collins's definition?Read more ›
Most Recent Customer Reviews
It was clear had diagrams and had actual data to back up statements. Very scientifically done but not at all dry. We are using this as an outline in our current companyPublished 1 day ago by Joseph
If you want to know what some companies made for be great in the past, it worth. However, I think it does not assure that it works in other companies, or that it will be still... Read morePublished 1 day ago by Amazon Customer
I really, really like this "book". I have bought numerous hard copies of the "Good to Great" book, which I give away to others who are interested in this... Read morePublished 5 days ago by K. Cloonan
An excellent analysis of what it takes to establish the foundation of success. This book is validation for all those who are passionate about what they do and a reminder of the... Read morePublished 10 days ago
I love this book! It has been truly helpful!
Although I haven't finish reading the book I am convinced that Collins and his team made a wonderful job. Read more
Even the book is good, it is old and the concepts are a little bit exagerated in my point of viewPublished 12 days ago by Gabriel Leon