Key points summarizing Good to Great book for Jim Collins
I’ve read Good to Great for Jim Collins about two years ago, but now, I was looking into my notes to surprisingly stumbling upon the below points from the book that I find quite interesting back in the time. So I decided now to share these points that could be especially inspiring to people embarking on new challenges in this rainy and freezing day at the Lebanese mountains.
Jim Collins thinks of transformation as a process of build up followed by breakthrough broken into 3 broad stages:
I. Disciplined people
- Level 5 leadership
- First who then what
II. Disciplined thoughts
- Confront the brutal facts yet never loose faith in the ability to prevail – the Stock tail paradox
- The hatch-hockey concept: gained by deep understanding of 3 intersecting circles:
- What can you be the best in the world at?
- What economic denominator best drives your economic engine?
- What you are deeply passionate about?
III. Disciplined actions
- Culture of discipline: create a stop doing list
- Stay focused on the intersection of your 3 circles
Remember
- the technology accelerators
- the fly wheel: accumulating momentum turn after turn
- to preserve your core ideology while stimulating change and progress
- to set BHAG (Big Hairy Audacious Goal) that falls in the middle of the 3 circles
