Jim Collins
ISBN: 0066620996
Read: 12/20/2013
Pages: 300
Rating: 8/10
View on Amazon
Reading Ease: Reading Time:8 hours

Often, you find research studying companies that are already successful. But how do you get a company from good to great? Collins and his team work to answer that very question. There were 11 companies which the book followed that had similar stock characteristics and who would eventually make the leap from good to great. At the core of it, the key is having the right people in the company, and having a strong level 5 leader, who is humble and focuses on the success of the company, not themselves. These leaders confront brutal facts early and deal with them directly. Discipline, Trust and Persistence were heavy keys in the book. Some down points were an overemphasis on the CEOs influence on success and little mention of the other segments and layers of leadership in a company, hindsight biases and an ever-changing business landscape where some examples may be dated.

Motivations to Read

I was drawn by the big question posed by Collins? Are there companies that defy gravity and convert long-term mediocrity or worse into long-term superiority? And if so, what are the universal distinguishing characteristics that cause a company to go from good to great? Not only am I inspired by consistency but I love to see a good "Most Improved" story as well. I want to understand the characteristics of the great companies that allow them to live on for decades.

3 Reasons to Read

  • Learn the seven characteristics of the companies that went from good to great based on decades of research
  • Find out the traits of a Level 5 Leader
  • You are an entrepreneur looking to build good management skills
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