Good 2 Great Jim Collins
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Transcript of Good 2 Great Jim Collins
GOOD TO GREAT
JIM COLLINS
Disciplined people- no hierarchy
Disciplined thought- no bureaucracy
Discipline action- no controls
1. Level 52. First who…then what3. Confront the brutal facts4. Hedgehog (simplicity)5. Culture of discipline (P-T-A)6. Technology Accelerators
LEVEL 5
SELF EFFICACYQUIET
RESERVEDPERSONAL HUMILITYPROFESSIONAL WILL
Culture of Discipline + ethic of entrepreneurship = alchemy of great performance
Good to great = sustained great results= built to last = enduring great company
LEVEL 5 executive
Effective leader
Competent manager
Contributing team leader
Highly capable individual
HIGHLY CAPABLE INDIVIDUAL
PRODUCTIVE CONTRIBUTION with talent, knowledge, skills and good work habits
Contributing team leader
Contributing individual capabilities to group objectives and works effectively
Competent manager
Organizing , people, resources effectively and efficiently for the pursuit of pre determined objectives
Effective leader
Catalyzes commitment to and vigorous pursuit of vision stimulating higher performance standards
Level 5 executive
Incredible ambition
Enduring personal humility and professional will
Modest & willful + humble & fearless
“have unwavering RESOLVE to ‘what must be done’”
Professional will Personal humility
• creating results• unwavering resolve•“will settle for nothing less”•Looks in mirror for poor results
• compelling modesty• calm determination, relies on inspiring standards• channels ambition•Looks out window for good results
• lead with questions, but not answers
•Engage in dialogue and debate not coercion
• conduct autopsies, without blame
• build red flag mechanisms that “the information can’t be IGNORED”
STOCKDALE PARADOX
RETAIN FATIH &
CONFRONT FACT
THE HEDGE HOG CONCEPT
•WHAT YOU ARE DEEPLY PASSIONATE ABOUT•WHAT YOU CAN BE THE BEST IN THE WORLD AT•WHAT DRIVES YOUR ECONOMIC ENGINE
ACTION ON THE HEAR SAY WITH HEDGE HOG CONCEPT- AN ITERATIVE PROCESS
•X AXIS- ETHIC OF ENTREPRENEURSHIP•Y AXIS- CULTURE OF DICIPLINE•BUREAUCRATIC- START UP- HIERARCHIAL- GREAT ORG'N
A CULTURE OF DISCIPLINE
It is about getting disciplined people with disciplined thought for disciplined actionIt takes discipline to say “No, thank you” to big once in a life time opportunityHave a “stop doing list” which is more important than “to do” lists
Nucor’s three circles•Passion- for eliminating class distinctions and creating an egalitarian meritocracy that aligns management, labor, and financial interests•Could become the best in the world- at harnessing culture and technology to produce low cost steel•Economic ENGINE- of profit per ton of finished steel
Technology accelerators“crawl, walk, run” is the very effective approach in rapid and radical technological change
The fly wheel effect
Consistency & coherence
Let results do most of the talking and accelerate momentum
“it is your work in life that is the ultimate seduction”- Pablo Picasso
Built to last“preserve the core (values and purpose), and stimulate progress (cultural and operating practices, specific goals and strategies)”•Clock building, not time telling•Genius of AND•Core ideology•Preserve the core/ stimulate progress
Big Hairy Audacious Goal- BHAG