Watch the video above and talk about it with a group or mentor. Learn more.
Author Jim Collins investigates what moves an organization from "good" to "great".
Key Points:
- Jim Collins did research on over 1400 companies in order to discover what factors move a company from good to great.
- A great company starts with discipline in 3 key areas; people, thought and action.
- A great company will have level 5 leaders which are people with personal integrity and an overwhelming desire to make the company great.
- A great company discovers the right people who need to be on the bus and gets the wrong people off. You take care of the “who” before getting to the “what”.
- A great company will confront the brutal facts. Leaders are willing to listen to their employees and aren’t afraid of the truth.
- A great company will take disciplined action, saying yes to the right things and no to the wrong things. They will take the time to build up to the eventual break through.
Quote This:
An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage. – Jack Welch
Talk About It
- What is your initial reaction to this topic? What jumped out at you?
- Describe a “Level 5 Leader” in your own words? Do you know anyone who fits this description?
- Give an example of a time when you got the wrong person “on the bus”. What happened to your team as a result?
- In your own words, describe “the hedgehog concept”.
- Disciplined people, disciplined thought, disciplined action – which one is your team’s strongest? Which is your weakest?
- What is your team’s “flywheel”? How can you maximize it?
- Write a personal action step based on this conversation.
