Examine their performance over 40 years. Find the 11 companies that became great.
Inspired standards, not inspiring charisma to motivate Channels ambition to company, not self Set up successors to succeed First who? If the right people are on the bus, the problem of how to motivate and manage people goes away. Level 4 leader who was incredible, but Teledyne crumbled after he left.
The best people need not worry about their positions and can concentrate fully on their work. Nevertheless, The good-to-great companies rarely used head-count lopping tactics as a primary strategy. Wells Fargo used layoffs half as much as Bank of America. Would you hire them if you were filling the job now?
Kimberly-Clark sold the mills, but kept their best people. You need executives who argue and debate—sometimes violently—in pursuit of the best answers, yet, on the other hand, who unify fully behind a decision, regardless of parochial interests The right person is based on character traits and innate capabilities rather than specific knowledge, background, or skills.
Facts are better than dreams — breakthrough results came about by a series of good decisions, diligently executed and accumulated on top of another.
Good to great companies continually refined the path to greatness with the brutal facts of reality. Engage in dialogue and debate, not coercion Conduct autopsies, without blame.
Idea — Short pay by Bruce Woolpert, who instituted a particularly powerful device giving customers full discretionary power to decide whether and how much to pay on an invoice based on his own subjective evaluation of how satisfied he feels with a product or service.
This immediately highlights problems for immediate attention. We will never capitulate. It might take a long time, but we will find a way to prevail. No rights, no set release date and no certainty whether he would see his family again.
He did everything he could to increase survival rates among prisoners who would survive unbroken. I never doubted not only that I would get out, but also that I would prevail in the end and turn the experience into the defining event of my life, which, in retrospect, I would not trade.
Then Easter, then Thanksgiving.
If you have the right people, they will be self-motivated. The fox waits in cunning silence at the juncture in the trail. The hedgehog, minding his own business, wanders right into the path of the fox. He leaps out, bounding across the ground, lightning fast. Will he ever learn? The fox, bounding toward his prey, sees the hedgehog defense and calls off the attack.
Retreating back to the forest, the fox begins to calculate a new line of attack. Each day, some version of this battle between the hedgehog and the fox takes place, and despite the greater cunning of the fox, the hedgehog always wins. They are scattered or diffused, moving on many levels.
The essence of profound is simplicity. A Hedgehog Concept is a simple, crystalline concept that flows from deep understanding about the intersection of the following three circles: The best, most convenient drugstores, with high profit per customer visit.
Tight clustering leads to local economies of scale, which provides the cash for more clustering, which in turn draws more customers. Eckerd, on the other hand, opted to grow through acquisition, but no cohesive single organizing idea. It did this by consistent superior execution of the model.
Could become the best capital markets player in anything that pertains to mortgages. The best at building premier global brands of daily necessities that require sophisticated manufacturing technology. Could become the best in the business at paper-based consumer products.
Could become the best at innovative super combo stores. Many mini-stores in one roof. Harnessing culture and technology to produce low-cost steel. Performance labor and new manufacturing technologies. Building brand loyalty in cigarettes and other addictive products Pitney Bowes: Messaging that requires sophisticated back office equipment.The Heartland Institute's leaked Fundraising Plan states that “The Charles G.
Koch Foundation returned as a Heartland Donor in We expect to ramp up their level of support in and gain access to the network of philanthropists they work with.”. Jan 01, · Start with 1, good companies. Examine their performance over 40 years.
Find the 11 companies that became great. Explore articles written by Jim Collins, and gain further insight into the concepts presented in his books.
These vocabulary tests are specifically designed to accompany Word Focus, our systematic approach to vocabulary building..
Use these tests to monitor your vocabulary building progress. The tests cover the words you've learned using the word associations, synonym sets and word roots cards in the Word Focus e .
A collection of 15 vocabulary word lists containing words. Ideally suited to students preparing for the SAT, PSAT, GRE or just improving their vocabulary. Explore articles written by Jim Collins, and gain further insight into the concepts presented in his books.