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Good to Great: Why some companies make the leap and others don't by Jim Collins | Book Review & Summary

Collins takes up a daunting challenge in the book: identifying and evaluating the factors and variables that allow a small fraction of companies to make the transition from merely good to truly great. ‘Great,’ an admittedly subjective term, is operationally defined according to a number of metrics, including, specifically, financial performance that exceeded the market average by several orders of magnitude over a sustained period of time.

In his research, Jim Collin's found the follow conclusions:

– Good to Great companies have level 5 leaders in their organization
– Good to Great companies get the right people on board, and then act
– Good to Great companies confront the brutal facts
– Good to Great companies apply the “hedgehog concept”
– Good to Great companies build a culture of discipline
– Good to Great companies employ technology effectively
– Going from good to great can take a long time
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