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Good to Great
Transcript of Good to Great
Hire self discipline people
Engage people in a discipline mind set
Don't be a tyrant
Stick to your circles! Culture of Discipline Technology should also fit into the Hedgehog Concept
New technology should not create or force a change.
Instead it should be a part of the momentum in growth.
Technology should be developed to help an organization secure a niche in the market. Technology Accelerators Good to Great happens over time through small well thought out changes. The Flywheel and the Doom Loop From Good to Great to Build to Last Abbott Industries Chapter 1
Good is the Enemy of Great Circuit City Fannie Mae Gillette Kimberly-Clark Kroger Nucor Philip Morris Pitney Bowes Walgreens Wells Fargo 15-year cumulative stock returns at or below the general stock market Transition
point Cumulative stock returns at least three times the market of the next fifteen years Chapter 2
Level 5 Leadership Level 5 Executive Level 4 Effective Leader Level 3 Competent Manager Level 2 Contributing Team Member Level 1 Highly Capable Individual Level 5 leaders channel their ego needs away from themselves and into the larger goal of building a great company.
Their ambition is first and foremost for the institution, not themselves Built To Last companies set BHAG (Big Hairy Audacious Goals) in front of themselves that all fit within a Hedgehog Concept. “Good To Great is the Prequel to Built to Last even though it was written after.” Jim Collins BHAG A Simple, Crystalline Concept that Guides ALL of your Efforts! Hedgehog Concept: derived from the Greek poet Archilochus, who wrote: “The fox knows many things, but the hedgehog knows one big thing.” A Really Good Hedgehog Concept Deeply Reflects : A Really Good Hedgehog Concept Deeply Reflects : http://www.youtube.com/watch?v=JUrdbmNBpyY&feature=em-share_video_user Chapter 3
First Who...Then What 1. Get the right people on the bus (and the wrong people off the bus). 2. Get the right people in the right seats 3. THEN figure out where to drive it. In 1965, James Bond Stockdale was shot out of the air over North Vietnam, and spent the next 7 years imprisoned. As the most senior officer, he was the focus for brutal interrogations. Through sheer resolve, he managed to not only survive the most horrific conditions imaginable, but walked out better for the experience. Dealing with the “Brutal Facts can be difficult! “Admiral James B. Stockdale” “What separates people, Stockdale taught me, is not the presence or absence of difficulty, but how they deal with the inevitable difficulties of life.” Jim Collins “The Optimist did not survive in the POW camp, because they were continuously disappointed and soon gave up hope and died of a “broken heart” James Stockdale “The Stockdale Paradox is a signature of all those that create greatness…. They maintain unwavering faith that they will not just survive, but prevail. And yet, at the same time, they became relentlessly disciplined at confronting the most brutal facts of their current reality.” Jim Collins “Leadership is equally about creating a climate where the truth is heard and the brutal facts confronted.” Winston Churchill “Churchillian” Character
Facts are better than Dreams, “The Brutal Facts”
Creating an environment and climate were the truth can be heard involves four basic practices:
1. Lead with Questions Not Answers
2. Engage in Dialogue and Debate, not Coercion
3. Conduct Autopsies without Blame
4. Build Red Flag Mechanisms vs. Are you going to rinse your cottage cheese? "Great Educational Leaders maintain unwavering faith that they will not just exist in a world of mediocrity for our children’s sake, but prevail toward excellence in education. And yet, at the same time, become relentlessly disciplined at confronting the most brutal facts of their current reality in education today."
-Dr. Brian Littlefield "When faced with the brutal facts having hope for our children’s future is the essence of Faith."
-Dr. Kari Davis “ Stay Calm and Teach On!”
-Dr. Demekia Biscoe “Greatness is a Matter of Conscious Choice!”Jim Collins Reference
Collins, J. (2001). Good to Great. New York: HarperCollins.