Good To Great

Key Points
* Level 5 Leaders - leaders who bring both personal humility and professional impart. These atomic number 18 not rock-star leaders whose companies go into decline when they move on. They are diligent and hard working - more bite than bark. distinction leaders often work for a time, but come out to be damaging in the long run, because they dont create sustained results.
* Get the right people on the bus - that has to happen before the what decisions are taken. That can tack if you have the right people, but the wrong people pass on certainly make the enterprise fail.
* You must always be willing to confront the brutal facts. Dont overlook reality in favor of what your hopes reflect it to become. Only by having accurate information can you achieve success.
* The Hedgehog creation means having a simple, extremely clear concept of what their ancestry is. That business is something they can
1. Make m stary at
2. Be passionate about, and
3. Be the best in the world at
These are also know as The Three Circles
* A culture of self-discipline is critical, because it creates an surround where people work inwardly a defined system, and yet, because the contain of the system are known, gives them more freedom to act within that system.




* Technology is an accelerator, not an agent of change. Good companies use it to die hard better, but it wont save a second-rate company.
* The Flywheel refers to the idea of momentum - keep pushing in one direction and youll build up a lot of it that will help you to overcome obstacles. Momentum is built a trivial bit at a time - its not a dramatic, revolutionary change, but constant, diligent work.
Summary
The idea that sparked this handwriting was to answer questions about how good companies might become enceinte companies, and how they went about doing so.
Methodology
The study looks at companies from 1965 to 1995, looking for those that, for 15 years, all tracked or underperformed the stock...If you want to get a unspoilt essay, order it on our website: Orderessay



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