gtg - Book by Jim Collins Good is the enemy of great....

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Unformatted text preview: Book by Jim Collins Good is the enemy of great.  Why is that true? Abbott (3.98)  Circuit City (18.5)  Fannie Mae (7.56)  Gillette (7.39)  Kimberly-Clark (3.42)  Kroger (4.17)  Nucor (5.16)  Philip Morris (7.06)  Pitney Bowes (7.16)  Walgreens (7.34)  Wells Fargo (3.99) Upjohn Upjohn Silo Silo Great Western Great Western Warner-Lambert Warner-Lambert Scott Paper Scott Paper A&P A&P Bethlehem Steel Bethlehem Steel R.J. Reynolds R.J. Reynolds Addressograph Addressograph Eckerd Eckerd Bank of America Bank of America Unsustained: Burroughs, Chrysler, Harris, Hasbro, Rubbermaid, Teledyne Humility + Will = Level 5 leadership  Modest, willful, humble, fearless  Ego-driven, genius-types, may produce short-term positive results, but cannot sustain results  1=highly capable; 2= contributing team member, 3= competent manager, 4= effective leader, 5=executive that builds enduring greatness thru personal humility & professional #1 Professional Will  Creates superb results, a clear catalyst in the transition from good to great  Demonstrates an unwavering resolve to do whatever must be done to produce the best long- term results, no matter how difficult  Sets the standard of building an enduring great company; will settle for nothing less  Looks in the mirror, not out the window, to apportion responsibility for poor results, never blaming other people, external factors, or bad luck Personal Humility Personal Humility Demonstrates a compelling Demonstrates a compelling modesty, shunning public modesty, shunning public adulation; never boastful adulation; never boastful Acts with quiet, calm Acts with quiet, calm determination; relies principally determination; relies principally on inspired standards, not on inspired standards, not inspiring charisma to motivate inspiring charisma to motivate Channels ambition into the Channels ambition into the company, not the self; sets up company, not the self; sets up successors for even greater successors for even greater success in the next generation success in the next generation Looks out the window, not in Looks out the window, not in the mirror, to apportion credit the mirror, to apportion credit for the success of the for the success of the companyto other people, companyto other people, external factors, and good luck external factors, and good luck #1 There are going to be times when we cant wait for somebody. Now, youre either on the bus or off the bus. (Ken Kesey, The Electric Kool-Aid Acid Test)  What did the 11 successful companies find out?...
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This note was uploaded on 04/22/2009 for the course ECON 4939 taught by Professor Staff during the Spring '08 term at Colorado.

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gtg - Book by Jim Collins Good is the enemy of great....

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