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Chapter Summary: Good To Great By Jim Collins

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ood to Great Summary
In the modern classic management theory, Jim Collins establishes management concepts in his book Good to Great. Jim Collins recognizes and assesses variables and factors that enable a small fraction of a business to transit from good to great. In the nine chapters of the book, the author discourses some of personnel, management, and operational practices that offer a possible environment for an organization to leapfrog from good to its greatest achievements. At the beginning of the book, the writer, and his research team talks about the criteria used to select the companies that used as the basis of meta-analysis. In the selection process, the growth progress and the overall sustained success that outpaced the market is noted. The author selected eleven companies as his basis. They included Wells Fargo, Kroger, Walgreens, Pitney Bowes, Philip Morris, Kimberly-Clark, Nucor, Gillette, Abbot, Circuit City, and Fannie Mae. In the book, he gives the findings from the research. …show more content…

According to Collins, success is in three dimensions, disciplined action, disciplined thought and disciplined people. In chapter two, Collins identifies the unique factors that distinguish good and great businesses. The major differences relate to the nature and superiority of the leadership of a company. Leadership forms a hierarchy of five levels that starts from effective supervision to strategic decision-making. When studying the attitudes and behaviors of the Level 5 leaders, the author highlights that individuals in this group show a determination and reflective humility. They have a personal sense of success and ego is not important in the long-term benefits to the team and company. Collins asserts that celebrity chief executives are not useful in helping the switching

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