Good to Great by Jim Collins
Why Some Companies Make the Leap... and Others Don't

No critic rating

Waiting for minimum critic reviews

See 8 Critic Reviews

This worthwhile effort explores the way good organizations can be turned into ones that produce great, sustained results.
-Publishers Weekly

Synopsis

The Challenge
Built to Last, the defining management study of the nineties, showed how great companies triumph over time and how long-term sustained performance can be engineered into the DNA of an enterprise from the verybeginning.

But what about the company that is not born with great DNA? How can good companies, mediocre companies, even bad companies achieve enduring greatness?

The Study
For years, this question preyed on the mind of Jim Collins. Are there companies that defy gravity and convert long-term mediocrity or worse into long-term superiority? And if so, what are the universal distinguishing characteristics that cause a company to go from good to great?

The Standards
Using tough benchmarks, Collins and his research team identified a set of elite companies that made the leap to great results and sustained those results for at least fifteen years. How great? After the leap, the good-to-great companies generated cumulative stock returns that beat the general stock market by an average of seven times in fifteen years, better than twice the results delivered by a composite index of the world's greatest companies, including Coca-Cola, Intel, General Electric, and Merck.

The Comparisons
The research team contrasted the good-to-great companies with a carefully selected set of comparison companies that failed to make the leap from good to great. What was different? Why did one set of companies become truly great performers while the other set remained only good?

Over five years, the team analyzed the histories of all twenty-eight companies in the study. After sifting through mountains of data and thousands of pages of interviews, Collins and his crew discovered the key determinants of greatness -- why some companies make the leap and others don't.

The Findings
The findings of the Good to Great study will surprise many readers and shed light on virtually every area of management strategy and practice. The findings include:

Level 5 Leaders: The research team was shocked to discover the type of leadership required to achieve greatness. The Hedgehog Concept (Simplicity within the Three Circles): To go from good to great requires transcending the curse of competence. A Culture of Discipline: When you combine a culture of discipline with an ethic of entrepreneurship, you get the magical alchemy of great results. Technology Accelerators: Good-to-great companies think differently about the role of technology. The Flywheel and the Doom Loop: Those who launch radical change programs and wrenching restructurings will almost certainly fail to make the leap.

“Some of the key concepts discerned in the study,” comments Jim Collins, "fly in the face of our modern business culture and will, quite frankly, upset some people.”

Perhaps, but who can afford to ignore these findings?

 

About Jim Collins

See more books from this Author
Jim Collins is author or coauthor of six books that have sold in total more than ten million copies worldwide, including the bestsellers Good to Great, Built to Last, and How the Mighty Fall. Jim began his research and teaching career on the faculty at Stanford Graduate School of Business, where he received the Distinguished Teaching Award in 1992. He now operates a management laboratory in Boulder, Colorado, where he conducts research, teaches, and consults with executives from the corporate and social sectors.
 
Published July 19, 2011 by HarperBusiness. 330 pages
Genres: Business & Economics, Education & Reference. Non-fiction
Bookmark Counts:
1
Want to Read
Add Critic Review

Critic reviews for Good to Great
All: 8 | Positive: 8 | Negative: 0

Publishers Weekly

Good

This worthwhile effort explores the way good organizations can be turned into ones that produce great, sustained results.

Read Full Review of Good to Great: Why Some Compa... | See more reviews from Publishers Weekly

The Economist

Excellent
on Jul 07 2009

What happened to the world's once-mighty financial firms last year illustrates that the five stages of decline can apply to an entire industry as well as individual firms. Amen.

Read Full Review of Good to Great: Why Some Compa... | See more reviews from The Economist

Young Upstarts

Good
on Sep 14 2012

"Good to Great” shows that there is no silver bullet or shortcut to corporate success.

Read Full Review of Good to Great: Why Some Compa...

The Motley Fool

Good
Reviewed by Anders Bylund on Feb 23 2007

I'd imagine that Jim Collins' Good to Great is a tough read for people in his target demographic. The book is full of hard-to-swallow truths that might not sit well with the Fix Me Quick breed of managers who are most likely to pick it up at the bookstore. But for us investors, it's a veritable gold mine.

Read Full Review of Good to Great: Why Some Compa...

Helium

Above average
on Aug 14 2009

The author does make some interesting points about management philosophy.

Read Full Review of Good to Great: Why Some Compa...

EzineArticles

Good
on Aug 26 2009

Jim Collins's book gives business owners some serious things to think about.

Read Full Review of Good to Great: Why Some Compa...

EzineArticles

Excellent
on Feb 03 2009

This book has taught me a lot about what it takes to be an effective leader.

Read Full Review of Good to Great: Why Some Compa...

EzineArticles

Excellent
on Feb 20 2007

Enjoy Good to Great and share it with others in your life.

Read Full Review of Good to Great: Why Some Compa...

Reader Rating for Good to Great
83%

An aggregated and normalized score based on 2322 user ratings from iDreamBooks & iTunes


Rate this book!

Add Review

Reader reviews & activity

Alex Kutniy

Alex Kutniy 5 Sep 2013

Added the book to want to read list

×