This is not the time to express opinions or strategize. The best use of limited gunpowder, or resources, says Collins, is to fire bullets to ensure that your aim is calibrated properly and that you can indeed hit your target.
The mile march is a metaphor for the milestone that you can reach day-in and day-out. Collins recommends making a plan that will allow you to go for an entire year with no revenues, and still survive.
The best approach, says Collins, is to attempt to travel the same distance every day. On his web site there are 48 articles written or co-written by him. Good to Great in 10 Steps Management guru Good to great takeaways Collins asks entrepreneurs to do 10 things that will dramatically improve their companies.
Be careful about who you include in this meeting. You will be discussing just the brutal facts. Make a to-do list. Get a high return on your next luck event. Download the diagnostic tool at jimcollins.
So, says Collins, figure out how many key seats you have, and make a plan that will make sure you get all the key seats filled by the end of the year. In his research, Collins found that companies that perform consistently do much better than those that do spectacularly one year and are feeble the next.
You need a driver, but you also need the right people in all the key seats. No entrepreneur has unlimited resources, just as no small army has unlimited gunpowder this metaphor may be dated, but you get the point. You go 20 miles. Collins says he fondly refers to his entrepreneurial subjects as PNFs, or paranoid neurotic freaks.
Get the right people in the key seats. Collins makes the analogy to someone who is trying to walk across the county. Once a quarter, have a brutal facts meeting. Do these 10 things, he said, to dramatically improve your company.
Commit to a set of core values that you will want to build your enterprise on, without changing them, for years. Yes, I thought this was self-serving at first.
Only discuss the brutal facts.
Set a 15 to year big, hairy audacious goal BHAG. May 7, More from Inc. Are you squandering your good-luck events? What does this have to do with entrepreneurship? Place at least one really big bet in the next three years, based on having fired bullets first.
What are you waiting for? Collins says that both great and mediocre companies encounter the same amount of luck, good and bad.Good to Great: Why Some Companies Make the Leap and Others Don't is the culmination.
And while I fully expect another bout with existential despair in the wake of publication, I.
differentiate good and great companies is the quality and nature of leadership in the firm. Inside this Instaread of Good to Great: Overview of the book ; Important people ; Key takeaways ; Analysis of key takeaways ; About the author: With Instaread, you can get the key takeaways and analysis of a book in 15 minutes.
We read every chapter, identify the key takeaways, and analyze them for your convenience/5(24). Good to Great Takeaways.
Group 3. Cory Logan David Hayward Nick Watkins Gary Taylor Lindsey Pacatte Mayra Garcia Garrett Matthews. Good to Great. The commonalities between all the good to great companies: Level 5 leadership First who Then what Slideshow by effie.
Good to Great by Jim Collins has 14 ratings and 2 reviews. Michele said: Wish I'd read this book when it was first published. The companies have changed; /5. Jim Collins’ Good to Great follows the patterns of success that propel companies into greatness versus the behaviors of organizations that plateau.
Among the characteristics of successful companies are strong leadership, great employees, and most importantly, a healthy, disciplined culture.Download