Built to Last, the defining management study of the '90s, showed how great companies triumph over time and how long-term sustained performance can be engineered into the DNA of an enterprise from the very beginning.
But what about companies that are not born with great DNA? How can good companies, mediocre companies, even bad companies achieve enduring greatness? Are there those that convert long-term mediocrity or worse into long-term superiority? If so, what are the distinguishing characteristics that cause a company to go from good to great?
Over five years, Jim Collins and his research team have analyzed the histories of 28 companies, discovering why some companies make the leap and others don't. The findings include:
©2001 Jim Collins (P)2005 HarperCollins Publishers
"Like Built to Last, Good to Great is one of those books that managers and CEOs will be reading and rereading for years to come." (Amazon.com review)
"If you believe that a visionary leader with a strong ego is an essential component of sustained business success, then Jim Collins has a few thousand words for you. His carefully researched audiobook explains that the success of companies that outperform the market for 15 years in a row comes from selfless leadership, rigorous focus, and a culture of discipline....[T]here's another reason this book has burst through as a bestseller, which you can feel in Collins's narration: He is honestly excited about his research and unconventional findings. (AudioFile)
Very engaging performance. At times, you feel like you're having a conversation with the author. In addition, a great book outlining simple things you can do to ensure you can create greatness in any aspect of your personal or professional career.
As of this review, this book is now 15 years old -- ancient history in the "business book industrial complex". Yet this one still worth your time. The book is thoroughly researched, and the business anecdotes illustrate the concepts well.
Other reviews comment on how much of this book is common sense. It is. And I am not sure if the book has not influenced what is now -- 15 years later -- business common sense? Another great seller from the 1980s, In Search of Excellence, introduced the concept of MBWA (Management by Wandering Around). And for a while, that became "common sense". Over the past years, I have heard the term BHAG (pronounced "bee - hag") used. It stands for Big Hairy Audacious Goal. I was introduced to this in Good to Great.
With all great business books, I find that they help me to understand and articulate what is already known and to be able to pursue that myself. For instance, "Confronting the Brutal Facts" as a business concept is not revolutionary, but it is essential. The "shut down the mills" decision of Kimberly Clark, told in this book, informed some difficult decisions I have made in my career.
You will find this book a great synthesizer of business concepts that are essential for any well-run organization. And in the end, the findings and concepts in this book are not surprising. What is surprising is that more firms do not adhere to these principles.
Put this on the list with Peter Drucker and other must-read/listens. You will not regret it.
This is one of the best business books out there. It provides clear concepts that are supported with tangible examples. As Jim points out, even though some of the examples he provides are older, the principles within them are sustaining. Disruption and change are not a new phenomenon - they have happened numerous times in the past, and Jim shows us how we can learn from those examples.
What you can take away from this audio book can be utilized in your business life or your life in general. The values of a level 5 leader would benefit everyone in how to live our lives.
I will take inventory of my virtues and character after listening to this well researched, exceptionally narrated, educational audio book.
Many words were lost when his voice trailed off in places. Caused me to miss the point of the sentence.
Disappointed that the EXACT content of the CD was used. You didn't even remove the annoying music at the beginning and end of the CD's. The listener is forced to sit through the end of CD music and the beginning of the CD music with dead space in between right in the middle of a chapter. I can't imagine that in this digital world it would have been that difficult to cut that portion out.
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