Can you identify one company that had changed from being good to being great around you? Jim Collins, the author of Good to Great, is a student and teacher of enduring great companies. In order to make this book, Mr. Collins started his research with 1,435 good companies. Then, he examined their performance over 40 years, to later on, find the 11 companies that became great. The purpose of this book is to make us see that nearly all-operating prescriptions for creating large-scale corporate change are nothing but myths and that changes do not happen from one day to another by a miracle, the change from good to great is the result of a successful plan who is composed of steps, so that the mass of people would gain confidence from the successes, not just the words. Good to Great: Why Some Companies Make the Leap... and Others Don't is a 2001 management book by James C. Collins that aims to describe how companies transition from being average companies to great companies and how companies can fail to make the transition. It is ranked on Amazon.com as the #70 of the top 100, and the first in Management-books.
James “Jim” Collins III is certainly a talented author. This management philosopher is the author of business must-reads and his niche lies in analyzing what makes enduring companies tick. He describes his work as looking at these companies and asking “how they grow, how they attain superior performance, and how good companies can become great companies.” Twenty years of research and consultancy has allowed him to come with the conclusion that priority should be given to building lasting mechanisms on top of strategies.
A native of Colorado, the 50-year old management guru invested a lot in his education. He graduated with degrees in Business Administration and Mathematical Science from Stanford University. To create a headquarters for his research, consulting and teaching sessions, he founded a management laboratory in Boulder, Colorado in 1995. Here his team of brilliant, driven student’s work with him on research projects, the results of which have contributed to Jim Collins’ bestsellers. He is also a regular contributor to prominent business publications such as the Harvard Business Review, The Wall Street Journal, Fast Company, Business Week, and Fortune Magazine. Jim Collins did an excellent job in explaining how a company can be transformed from good to great, since a good company is just not good enough. His goal was achieved by making clear and realistic examples in order to express his knowledge.
Collins includes many suggestions on how a company can become a great company that is built to last. The following lines mention some of the most important and remarkable suggestions provided by Collins. Something that is often seen and that Collins mentioned is that most of the great company leaders and/or CEOs are employees that have been working for the company for many years before they became CEOs and leaders; which mean that theses CEO and/or leader are loyal to the company. This was one of the suggestions that many of us can be related to and the one that is more interesting as well. Actually, is not fair to select an outsider as a CEO instead of promoting an existing employ who has been working for the company many years. An outsider doesn’t really care what happens to the company, while an insider truly cares. Collins states that hierarchy is not necessary to apply when company hires disciplined employees. He explains that the second that a company needs to manage its employees, the company has made a hiring mistake. Collins believe that an organizations needs to manage systems, not its employees. Truly, this is new information for many of us; most of the people believe that hierarchy is necessary in an organization. Another new knowledge and another important suggestion that Collins incorporate in his book is...