An Introduction. Jim Collins Concepts behind ‘Built to Last’, prequel to ‘Good to Great’ 1,435 Companies researched from Fortune 500, 11 good-to-great, 28 comparison companies GOOD IS THE ENEMY OF GREAT. I- DISCIPLINED PEOPLE. 1. Level 5 Leadership
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1. Level 5 Leadership
“You can accomplish anything in life, provided you do not mind who gets the credit.”
Harry S. Truman
Extreme (Humility + Will) = Level 5 Leadership
2. First Who … Then What
2. When you know you need to make a people change, act.
3. Put your best people on your biggest opportunities, not on your biggest problems.
1. Confront the Brutal Facts (Yet never lose faith)
2. Engage in dialogue and debate, not coercion.
3. Conduct autopsies, without blame.
4. Build “red flag” mechanisms.
2. The Hedgehog Concept
Simplicity within the 3 Circles
2. Fill that culture with self-disciplined people who are willing to go to extreme lengths to fulfill their responsibilities.
3. Don't confuse a culture of discipline with a tyrannical disciplinarian.
4. Adhere with great consistency to the Hedgehog Concept, exercising an almost religious focus on the intersection of the three circles. Equally important, create a "stop doing list" and systematically unplug anything extraneous.
2. Technology Accelerators
How a company reacts to technological change is a good indicator of its inner drive for greatness versus mediocrity.
Sustainable transformations follow a predictable pattern of buildup and breakthrough similar to pushing a giant, heavy flywheel.
BHAGs (pronounced bee-hag, short for "Big Hairy Audacious Goals") are huge and daunting goals - like big mountains.