Good to Great Book Review
To transform a good company to great company is all manages' dream, but only few of them make it. To find out the core factors which lead to a good company became a great company is very difficult, because in different era, different industry companies face different opportunities and threats. To begin the research for the Good-to-Great study, Jim Collins and his research team searched for companies that: performed at or below the general stock market for at least fifteen years; then at a transition point began to pull away from the competition, and sustained returns of at least 3 times the general market for the next fifteen years. He started with a list of 1,435 companies and found eleven that met his criteria.
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In the same time, Wells Fargo recruited talented people into the company without any specific job, because the CEO believed that these smart people could help company to face and deal with the future changes and difficulties (Collins, 2001, p.42). Well Fargo is easy to adapt to a changing world when banking deregulation arrived. Moreover, Wells Fargo went three times higher than general stock market which the banking fell 59 percent behind. CEO of Wells Fargo, Dick Cooley a level 5 leader, understand three simple truths. First, if you begin with "who," rather than "what," you can more easily adapt to a changing world. Second, if you have the right people on the bus, there are no problem to motivate and manage people goes. Right people are self-motivated by the inner drive to produce the best results, and right people don't need to be tightly managed, they know what they should or should not do. Third, if you have the wrong people on the bus, you won't get to the place where you want to go, whatever how hard to motivate and manage them. Right people are the most important asset in the company. Right people can turn a nearly bankruptcy company to Fortune 500 company.
The third reason why good-to-great companies outperform, is they do not cover up the bad news (confront the brutal facts). Nobody likes to hear the bad news, but we have to facing it and take reaction about it. Furthermore all good to great
This paper will be based on the California Review Management study called "Misunderstanding the Nature of Company Performance: The Halo Effect and Other Business Delusions" by Phil Rosenzweig. The research processes that have been completed on business performances over the years, and the strengths and weaknesses of the types of data used will be discussed. The Halo Effect will be evaluated, and examples from my career will be given to help with understanding the topic at hand. I will give thoughts, ideas, and solutions I plan to adapt and work on in my career to help avoid the Halo Effect in my daily life
"Each of us are special, unique, and gifted with a purpose, dreams and destiny to fill through the assignments you will complete for God and man: Good or bad!" ~ Jon Barnes
Lastly is heroism in the company, which is staying strong and aggressive. General Motors would be a great example of this. They had some problems in the past with not just the company but there products, but there main goal was to not shut down completely but to turn their company around and stay strong and move forward and see what they need to change. That is exactly what they did, now today they are building up there company not just their reputation but also their products. They are working harder than ever to get back to what they used to be known as, and back to the purpose they first had when they first opened there company.
The Great The Corruptness of the American Dream The nineteen twenties was a decade of renaissance characterized by the American Dream- the widespread aspiration of Americans to live better than their parents. F. Scott Fitzgerald’s novel, The Great Gatsby, contains themes that continue to be relevant today. In his novel, Fitzgerald reprehends the American dream by describing its characteristics: the pseudo-relationship between money and happiness, the superficiality of the rich, and the class strife between the rich and the poor. “The American Dream is that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement” (Mailer 97).
success factors. However, the company has a few weaknesses and threats they need to address in
“Attention, soldiers of the Continental army, the patriots of our colonies!” George Washington shouted, drawing attention to himself as he stood. The whispers along with mumbles stopped, every person bringing their attention to the general as he stood from top to bottom as well as proud. “I will explain quickly what the plan of action is before I separate you. One through five-thousand, you will be going with Lafayette, blocking their escape from Yorktown, waiting in the Chesapeake Bay! Alexander, I believe you had something to say to our people of the colonies?”
Psychological Disorders are very common among the general public and many individuals suffer from chronic disorders and seek no help. In the movie, As Good As It Gets, the main character, Melvin Udall, a homophobic, isolated, rude author suffers from an anxiety disorder called, Obsessive Compulsive Disorder and displays characteristics of Obsessive Compulsive Personality Disorder. Simon Bishop, a homosexual, wealthy artist who has a deep love for his dog, Verdell, who happens to be Melvin Udall's neighbor later shows characteristics of depression after a series of events.
Bank of America's executive performance and retention strategy breaks down into the objectives set out in Figure 2.1 (Fisher and Congel, 2009, p. 22), 'attract, retain and develop great leaders.' This process occurs in distinct phases over the first 36 months of executive promotion but begins even before the new hire, if 'attracting great leaders' requires
Table Of Content Army Programs ........................................ 4 ASAP - Army Substance Abuse Program ..................... 29 ACS - Army Community Service ........................... 32 ACES - Army Continuing Education Center ................... 34 AER - Army Emergency Relief ............................ 37 Army Sexual Assault Prevention and Response Program ........... 40 EO - Equal Opportunity ................................ 44 AFAP - Army Family Action Plan .......................... 48 ARC - Army Red Cross ................................. 50 Army Reenlistment / Retention Program ...................... 51 Army Safety Program .................................. 53 Army Sponsorship Program .............................. 55 QOLP
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.
i. They mainly concentrate on value rather putting their thoughts on long term goals, that means they always concentrate in reduction of the costs in a strategic context and with a reasonable spotlight on their core. ii. They misuse opportunities one of a kind to the downturn, which can mean anything from utilizing misfortune to increase new clients to squeezing forward with advancement. iii. They act quickly, with a spryness that allows them to keep pace with, or development of, speedy changes in the business environment. Successful companies always put their eye on the growth of the organization and they will try to keep the customers as they don’t need to lose their valuable customers. So they will move on from their comfort zones and thrive hard towards their growth in the competitive world. They always show their commitment towards the innovation that helps in being a part of the successful company. (Berman, 2009).
Jim Collins and his research team have done a wonderful job identifying what it takes for a company to go from good to great. I found this book extremely interesting and would like to share several of my thoughts. The study looks at companies that appeared on the Fortune 500 from the years of 1965 to 1995, looking for those that, for 15 years, either tracked or underperformed the stock market, followed by a transition, and subsequently returning at least 3 times the stock market for at least 15 years. The eleven companies included in the
"Good is the enemy of great” is the first sentence in Jim Collins book; Good to Great, Why Some Companies Make the Leap…and Other Don’t. Jim Collins says, because good is the enemy of great, is one of the key reasons why we have so little that becomes great. This book is packed with leading edge thinking, understandable examples, and data to support the conclusions. It is a challenge for CEOs, entrepreneurs and leaders to show evidence of the discipline required to shift their companies from Good to Great.
Then finally, there are results. Companies are in business for a reason, to make a profit. This value is about celebrating wins, and improving on losses, all while keeping a positive attitude, and providing feedback. These entire values combined make Kellogg’s an exceptional company to work for, and therefore explain their remarkably low turn over.