This was the most comprehensive analysis of business performance to date. The main finding from Collins is that business success is a flywheel, a lot of little actions help get the flywheel started, and then the flywheel is able to propel itself. The six main characteristics of successful companies help the flywheel to spin as fast as possible. Each of these relates to either strategy or management, which is critical for a budding enterprise. However, there are still questions about how good these characteristics are at sustaining greatness. Out of the 11 “great” companies identified by Collins, only one is still overperforming today. Thus, it is likely that Collins “looking at the past” analysis identified trends that were truly random noise. However, Collins work gives fundamental principles that will be necessary for the evolution of any business from good to great, which is the overall goal of the
This was the most comprehensive analysis of business performance to date. The main finding from Collins is that business success is a flywheel, a lot of little actions help get the flywheel started, and then the flywheel is able to propel itself. The six main characteristics of successful companies help the flywheel to spin as fast as possible. Each of these relates to either strategy or management, which is critical for a budding enterprise. However, there are still questions about how good these characteristics are at sustaining greatness. Out of the 11 “great” companies identified by Collins, only one is still overperforming today. Thus, it is likely that Collins “looking at the past” analysis identified trends that were truly random noise. However, Collins work gives fundamental principles that will be necessary for the evolution of any business from good to great, which is the overall goal of the