Good to Great

Better Essays
Good to Great by Jim Collins Report
As the name implies, the author of the title “Good to Great,” embarked in a research study to try to discover what made some companies outstanding, persistent, and sustainable from their competitors. The author makes a clear distinction that the publication of the title is not meant to fill in the holes left behind on one of his previous titles, “Built to Last.” In fact, towards the ending of the research novel, the author states that if someone is going to make that assumption, or that “Good to Great” is a sequel to his previous book, “Good to Great” should be in fact the pre-sequel to the book “Built to Last.” After making the distinction about the two novels, the author moves on and narrows down what his research team have concluded to be the main factors/reasons why companies like Wells Fargo and Kroger are better or did a much better job despite their bad situation compared to their competitors. Jim Collins and his research teach come to conclude that some of the main factors, which I will summarize in detail later own are the following: Level 5 Leadership, First Who, Then What, Confront the Brutal Facts, The Hedge Hog Concept, and Technological Advancement.
Beginning with Level 5 Leaders, Collins explains how a good company begins from the top-down. In order for a good company to succeed, there needs to be driven people at the top who are not only smart (though, they don’t have to be the smartest person in the room), but also have a clear vision and appreciation for the business. He describes how many of these level 5 leaders tend to have a “look at the window, look at the mirror vision.” Whenever they succeed, they never give themselves credit for the good things, these leaders always “look out the window” and credit luck, fellow colleagues, and employees. Now on the opposite side of the spectrum – when the company was doing badly – they would always “look at the mirror” and blame themselves for the success.

You May Also Find These Documents Helpful

  • Powerful Essays

    Good to Great

    • 1747 Words
    • 7 Pages

    Jim Collins talks about a lot of characteristics, values and traits needed in order to turn a company from a good one to a great one. What is rather surprising is how he gives a refreshing and actually quite unorthodox perspective on the topic. The things that he points out are what most would think the opposite of some of the values being taught in school.…

    • 1747 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Good to Great

    • 8353 Words
    • 34 Pages

    Jim Collins is a student and teacher of enduring great companies -- how they grow, how they…

    • 8353 Words
    • 34 Pages
    Powerful Essays
  • Good Essays

    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.…

    • 2029 Words
    • 9 Pages
    Good Essays
  • Powerful Essays

    To be successful, one must be able to have huge dreams and goals, but yet they should be able to have realistic expectations and views. To do that, one would need a sense of doublethink as realistic expectations and huge dreams could be very contradicting. Specifically, a successful businessmen knows that before a person can reach ultimate success, many obstacles and failures often come first. With only a sense of reality and realistic goals, one might give up once the first or second failure presented itself. Steve Jobs, the former CEO of Apple, early in his career was often mocked for his unimaginable creativity and was even fired from his own company. It was over a matter of time that the company asked for him back and he retook his position as CEO and grew his…

    • 1262 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Encouraging the Heart

    • 10274 Words
    • 42 Pages

    Reflects upon one of the most elusive aspects of leadership - caring - and offers a deeper understanding of how and why it works. Premise is employees perform best when their contributions are genuinely appreciated. However, Kouzes and Posner assert most executives have not mastered the decidedly soft-management skill of "encouragement" that fosters such behavior. They advocate mutual respect and recognition of accomplishments to motivate and encourage others to be their very best. More importantly, they extend a set of principles, practices, and examples that show how to energize people to excel and then reach for even greater heights. Kouzes and Posner maintain that people will aspire…

    • 10274 Words
    • 42 Pages
    Good Essays
  • Better Essays

    As the markets are becoming more challenging, organizations need a good transformational leaders to keep the success floating. According to Jeffrey S. Shipley (2013) he states, “I see it as more of a…

    • 1225 Words
    • 5 Pages
    Better Essays
  • Good Essays

    CM220 UNIT 4 ASSIGNMENT

    • 1372 Words
    • 4 Pages

    Thesis Statement: The most successful companies are those that are operated by leaders who invest in and grow their employees.…

    • 1372 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Jim Collins, (2001), “Good to Great: Why Some Companies Make the Leap... and Others Don 't”.…

    • 1567 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Target vs Walmart

    • 1770 Words
    • 8 Pages

    Company’s leaders have a desire to learn and cultivate a curiosity for new dimensions of knowledge, becoming life-long learners with a perpetual sense of wonder. Targets and Wal-Mart strive for wisdom and do not confuse it with wit. Companies thrive on integrity recognizing that without integrity all other ingredients of leadership…

    • 1770 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Mr. Pacetta’s experience over the years has shown him over and over again that leaders and managers often focus nothing but mistakes that those employees who do succeed go unnoticed or are not given any kind of credit for their success. Pacetta’s theory includes making a point of emphasizing these positives, a leader or manager can encourage their employees to become aware of ways to improve their individual performance, which in-turn improves organizational performance. Again it’s about motivation. Praise doesn’t cost anything and it yields big dividends. (Pacetta, 25)…

    • 932 Words
    • 4 Pages
    Good Essays
  • Good Essays

    As evident from Spencer’s case, this leadership model empowers business leaders to not only inspire their employees but also guide the company towards its vision and goals. According to Fikru (2014) for instance, being close to junior employees has made Spencer a good communicator who understands the business from different perspectives. Putting trust in people creates value for them and they become more free and willing to contribute, in their own small capacities towards realization of the company’s objectives (Longenecker, 2014). Apparently, meeting corporate goals greatly depends on how well a leader tells his juniors where they are going, why they are going and how they are going to get there, a skill that Spencer has perfected over…

    • 911 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Book Report Good To Great

    • 1052 Words
    • 5 Pages

    The ideas that are given in this book will stimulated my mind into becoming a leader and perhaps enabled me to bring my company ahead of the competitors. It was amazing to see how Collins spent nearly five years in comparing the mediocre companies with great companies. One most notable difference is on how the level 5 leader responds to each situation that the company faces. This book will helped me to understand that if a company becomes big, its not because of the skilled salesperson nor huge investment in advertising, but it is simply because the great CEO that bring the company into such success, was proactive in doing so, and was not afraid to face the brutal facts.…

    • 1052 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Leadership Comparison

    • 3720 Words
    • 15 Pages

    The study concludes that Jobs was successful in using multiple, measurable leadership structures to motivate, empower and guide his team of followers to numerous business successes best illustrated by the evaluated period. The outcome reinforces the notion that good leadership not only revolves around being able to adapt to changes in the leader, follower and situation matrix, but having exceptional vision is a vital trait of contemporary leadership bringing wide-ranging benefit to the organisation. In this study that vision became the determinant of the path and resulting success or failure of the companies under its leader. Jobs as a person was widely recognized as being cruel, a control freak, profane and even notoriously difficult, but as a leader was still very able to motivate his followers to buy into not his needs but to be a part of the bigger picture. History.…

    • 3720 Words
    • 15 Pages
    Best Essays
  • Good Essays

    This book focuses on breaking these standards, challenges the norm that today’s managers have laxed into; every page is a veritable treasure chest of pithy and concise quips, valuable statistics, and at some points, moving stories of transformation and learning. “First” introduces and backs up a new way of thinking. Replace “Don’t play favorites” with “great managers invest in their best”. “People can make anything of themselves”, becomes…

    • 654 Words
    • 3 Pages
    Good Essays
  • Better Essays

    When an organization is having problems, it is easy to hide the issues and find ways to avoid taking responsibility for the problems. It is the role of a good leader to identify the breakdown in practices and functions in order to implement change. At Ford Motors the organizational culture lead to serious issues in business for the company. Alan Mulally became CEO of Ford Motor and identified this problem. His actions thereafter changed the organizational infrastructure at Ford Motors and lead the company to recover from problems with poor performance and a $13 billion loss. (George & Jones 2012)…

    • 983 Words
    • 4 Pages
    Better Essays