Book Report of Good to Great by Jim Collins Essay example

Good to Great: Why Some Companies Make the Leap... and Others Dont By Jim Collins Can you identify one company that had changed from being good to being great around you? Jim Collins, the author of Good to Great, is a student and teacher of enduring great companies. In order to make this book, Mr. Collins started his research with 1,435 good companies. Then, he examined their performance over 40 years, to later on, find the 11 companies that became great. The purpose of this book is to make us see that nearly all-operating prescriptions for creating large-scale corporate change are nothing but myths and that changes do not happen from one day to another by a miracle, the change from good to great is the result of a successful plan who†¦show more content†¦In this example he describes that in order to fulfill the bus you fist need to get the right people in, and then you get the wrong people off the bus, then you need to position the right people in the right seats, and last you need to figure out where you want to drive that bus. He relates this with an organization because a company needs to focus to whom they are paying, not how. His suggestion is to analyze a person’s characteristic, work ethic, intelligence, and dedication before deeply analyzing practical skills. Collins believe that companies focus too much on what to do and his recommendation is for companies to concentrate on what to do, what not do, and what to stop doing. â€Å"No matter how dramatic the end result, the good-to-great transformations never happened in one fell swoop. There was no defining action, no grand program, no one killer innovation, no solitary lucky break†¦ Good to great comes about by a cumulative process†¦that adds up to sustained and spectacular results†; this was a quote he said in this wonderful book, a quote that says the reality of businesses nowadays, a quote that for us defined in short words the name of this book and the research Collins made. Collins illustrates a persuasive profile of what it takes to be the leader of not a good but a great organization in the modern day. He also demonstrates the development of successful organizations as a consequence of ethical behavior rather than despiteShow MoreRelatedWhat Key Aspects Set Apart Successful Companies?1275 Words   |  6 Pages1. Collins, Jim (2001). Good to Great. Ney York, NY. Harper Business Good To Great is Jim Collins’ most famous book. In this book Collins and his research team analyze and compare numerous corporations in an attempt to identify what key aspects set apart successful companies. He developed five aspects of organizational success and I will be making references to those points. 2. Collins, Jim (2011). Great by Choice. Ney York, NY. Harper Business Great By Choice is another of Jim Collins’ books. ThisRead MoreEssay about Wells Fargo Financial Analysis1348 Words   |  6 Pagessurprise, a huge chunk of their thick annual report for 2002 was an honest listing of all the threatening factors that stand in the company?s way rather than its exceptional rankings in its sector. 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The purpose of the paper is to discuss a HCO’s transformation challenge, its subsystem within a larger system, its culture and climate, its leadership style, its assessment based on Collin’s Good to Great, and its readiness for change in today’s complex environment. Challenges of Transformation The current healthcare system is no long a simple unit where a physician could singly make management decisions for the majority of the patients. DifferentRead MoreProject Management : Organizations Overcome Common Problems And Challenges Of Managing It Projects1770 Words   |  8 Pagesproject management is able to help large organisations overcome common problems and challenges of managing IT projects. 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