Good To Great Analysis

Can a good company become a great and, if so, how? That was the first question appeared in Jim Collins mind before he wrote his book “good to great” in 2001. He identifies the principles of management practices, which is including three rules. First of all, choose right people and hire them in right place. Second, think big but start small by specifying your purpose. Third, focus on results and try to make hard decisions. Moreover, many reasons can push successful companies to off the cliff. So, by reading good to great book and watching Jim Collins video clearly can help to minimize that fall.

The good to great project focus on 500 companies. This study includes different categories such as healthcare, police, education, airlines.

He mentions as example Walgreen pharmacy as most convenient drugstores which is increase profits due to customer satisfaction. Walgreen employers work for 30 years with great passion which leads to one great result. There is several things cause this success. First of all, passion all employees work in Walgreen love their work at drugstores and work with smile face that what customers looking for. The most of employers and executives have a pharmacy degree. The second factor of Walgreen success is it is the most convenient drug stores due to the clarity, insight, and precision those things made Walgreen the best most conventional drug stores around the world. Walgreen always makes a wise decision when they plan to open a new drug store. They think smart to relocate one store from Pasadena Texas neighborhood to a strip mall, the store in Pasadena Taxes was doing well but they knew if they change store location it could do a lot better. The basic purpose of this change is to promote their business from good to great. After this small change, they realized that the new store did fantastic more than when the store was in Pasadena Texas neighborhood, due to they put the best stores on the best corner (best location). Three years later, from this change, the revenues went up 30% to become a million dollars profit for Walgreen company. The third reason what makes Walgreen a great company is the economic engine. It is profit per customer visit not profit per store or per employee or per