Qualities Of Businesses That Significantly And Consistently Outperform Competitors
Posted on December 22nd, 2012
Book notes from Good to Great - by Jim Collins
Level 5 Leadership
Great leaders possess a combination of professional ambition—as evidenced by their desire for the organization to succeed—and personal humility.
First Who… Then What
Great companies get top-quality people involved and then figure out where they fit and what they will do.
Confront the Brutal Facts
Great companies ruthlessly assess their situations and make disciplined decisions based upon those realities.
The Hedgehog Concept
Great companies understand what they are passionate about, do one thing extraordinarily well, and find a way to do it profitably (cf. Seth Godin’s The Dip).
A Culture of Discipline
Great companies are full of disciplined people working in a disciplined way, fully committed to the organization’s Hedgehog Concept.
Great companies use technology to leverage their Hedgehog Concepts, pioneering the application of technology to do what they do well.
The Flywheel and the Doom Loop
Success breeds success and momentum increases over time.
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