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Good To Great-Ch. 1. Marsha Swink Jonathan McLaurin Paul Shirley. Curiosity. Why do some companies make the leap from good to great and not others?. Phase 1: The Search. Teamwork Financial Analysis “Death March” The Pattern Unlikely Good to Great “Sexy Companies”.
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Good To Great-Ch. 1 Marsha Swink Jonathan McLaurin Paul Shirley
Curiosity • Why do some companies make the leap from good to great and not others?
Phase 1: The Search • Teamwork • Financial Analysis “Death March” • The Pattern • Unlikely Good to Great “Sexy Companies”
Eleven Good to Great Cases Abbott Circuit City Fannie Mae Gillette Kimberly-Clark Kroger Nucor Philip Morris Pitney Bowes Walgreens Wells Fargo
Phase 2: Comparisons • Comparison Companies • Differences not similarities • Why no leap?
Phase 3: The Black Box • Immense amount of data • No pre-conceived theory • “Dogs that did not bark” • What’s different…surprising? • Both use 5 elements of strategy • Conscious choices
Phase 4: Chaos to Concept • Chaos of unorganized information • Concepts: Here not there • Withstanding the tests • Being met with criticism
Flywheel Breakthrough Build Up First Who… Then What Level 5 Leadership Confront The Brutal Facts Hedgehog Concept Culture of Discipline Technology Acceleration Disciplined People Disciplined Thought Disciplined Action
Disciplined People-Level 5 Leadership • Start of the Flywheel • Ambition towards institution • Blend of personal humility and professional will
Disciplined People-First Who…Then What • Myth: “People are your most important asset” • “Who” comes before “What” • “Right Person” comes from Character
Disciplined Thought-Confront the Brutal Facts • Never lose faith (Stockdale Paradox) • Let everyone be heard • Hit the reality of situations head-on
Disciplined Thought-Hedgehog Concept • Simplicity within the 3 circles • Strategies based on understanding • Hedgehog or Fox?
Disciplined Action-Culture of Discipline • Doesn’t need excessive controls • Not just about action • Stays within the Hedgehog Concept
Disciplined Action-Technology Accelerators • Accelerator not creator • Avoid fads and bandwagons • Does it fit with your Hedgehog Concept
Three Main Points • Level 5 Leadership • Good is the Enemy of Great… the human problem • Judge and Jury