Book Report On Good To Great

Book Report On Good To Great-62
Good to Great, by Jim Collins, presents the conclusions after studying a certain subset of publicly traded companies to identify key attributes of how companies go from good to great.

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What is stopping companies like these from becoming the media’s darlings?

Maybe, asked a better way, what is keeping these companies from going from good to great?

When things go poorly, however, they look in the mirror and blame themselves, taking full responsibility.

The comparison CEOs often did just the opposite – they looked in the mirror to take credit for success, but out the window to assign blame for disappointing results.

Instead, he wanted to look at a set of companies that made a leap from average or below average results in the stock market, to great results which needed to be sustained at least 15 years.

What was surprising, was these good to great companies generated cumulative stock returns that beat the market by an average of seven times in fifteen years, better than the results delivered by an index of the world’s greatest companies (Coca-Cola, GE, Intel, etc.)Next, 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 differentiates good companies from great companies? Each quarter and each year, they are profitable, but they aren’t amazing.

Why do some companies grow over time, while others seem to stay stagnant? They are good, but aren’t going to be your portfolio’s all stars.

It is impossible to make good decisions without infusing the entire process with an honest confrontation of the brutal facts.

Creating a climate where the truth is heard involves four basic practices: Leadership does not begin just with vision.


Comments Book Report On Good To Great

  • Book Summary Good to Great by Jim Collins.

    Good is the Enemy of Great. The book is about being great, not merely good. Good is the enemy of great. Many people and companies settle for good because it’s easier. Many companies don’t even try to be great. There’re not striving to be the best in the industry. This opens the door to competitors.…

  • Good To Great Summary - Four Minute Books

    Good To Great Review. Good To Great agrees with The Dip by Seth Godin. I like books which agree with The I said, I’m trying to make this website the best book summary website in the world. For this exact reason, this is my third summary of the day. I have to catch up on a few days I missed, and publishing one summary per day is my Hedgehog concept right now.…

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    Read more about each of these points above in our complete book summary or in the book, to understand how Good-to-Great companies apply technology. The Fly Wheel & The Doom Loop. The good to great transition is not a process of overnight metamorphosis, nor is…

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  • Good to Great - Wikipedia

    Good to Great Why Some Companies Make the Leap. and Others Don't is a management book by Jim C. Collins that describes how companies transition from being good companies to great companies, and how most companies fail to make the transition. The book was published on October 16, 2001. "Greatness" is defined as financial performance several multiples better than the market average over…

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