In today’s turbulence and the ever-accelerating changes in society and in business, the framework for ‘good -to -great ‘ is a condition to continue facing and fighting competition.
Companies do not only exist to deliver returns to shareholders. In a truly “great” company profits and cash flow are similar to blood and water in a healthy body.
CHARACTERISTICS OF “GOOD TO GREAT”
Level 5 Leadership : Leaders who are humble , but driven to do what is best for the company
First Who, Then What: Get the right people on board, and then find out where to go.
Confront the Brutal Facts: confront with the truth , but never give up hope.
Hedgehog Concept: Three overlapping circles: Where do you make money? Where are you best in? And where lies your passion?
Culture of Discipline: having disciplined people, disciplined thought and disciplined action.
Technology Accelerators: Using technology to accelerate growth, within the three circles of the Hedgehog Concept.
Flywheel: The cumulative effect of all interacting initiatives.
Source: Jim Collins – Good to Great
