Good For Great By Jim Collins

1391 WordsApr 13, 20176 Pages
Business is what drives our economy and is a normal occurrence in our everyday lives. Running a great business takes a lot of work and is challenging for many companies. As a result, 9 out of 10 start up companies fail, and leadership has an essential role in these failures. By having strong leadership in a business, can yield positive changes. A good leader communicates properly with one 's employees and mobilizes the company in a forward direction, known as the hedgehog concept. It is essential to have a leader who knows how to work with employees for a business to flourish. One of the books we read, titled Good to Great by Jim Collins focused on how proper leadership pushes a company forward in a positive motion. Good to Great leaders…show more content…
Collins said something that really stuck with me, “level 5 leaders channel their ego needs away from themselves and into the larger goal of building a great company. It’s not that Level 5 leaders have no ego or self-interest. Indeed, they are incredibly ambitious-but their ambition is first and foremost for the institution, not themselves” (Collins 21). More companies need to have the mindset of a level 5 leader, because they are very unique and essential for the success of a company. People must be patient, and the profits will come. Level 5 leaders care about the company as a whole and they listen to what their employees have to say. These leaders give authority to people and credit to the people who do the work. Managers and leaders rely on the lower end people for their business to succeed. Treating other people the way you want to be treated is how people should operate in a business. Appropriate behavior and rewards are incentives for an employee to be more productive. Lastly, Collins discussed the hedgehog concept. This concept states that if you cannot be the best in the world at something, it isn’t for you. I can highly relate to this concept based on a recent experience at Hobart and William Smith Colleges. I was enrolled in, Intro To Computer Science the first semester of freshman year. I thought it would be an interesting class, but I was wrong. It was extremely challenging, and the

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