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A Joosr Guide to Good to Great by Jim Collins
This book is currently unavailable
18 printed pages
- Publication year
- 2015
Quotes
- Davudhas quoted4 years ago
Another idea is to identify what it is that you can do or be better at than everyone else in the world. Whatever that thing is needs to become the focus of your business. Sometimes, companies find that what they can do best is nothing they are doing now, but identifying that thing and striving to do or be that is the only way to become great.
Finally, companies must identify how they can most effectively make a profit. One of the main functions of a business is to create revenue, and all companies that achieved greatness were able to identify the best ways to do so. These companies worked out how they could be most economically successful, and then did it.
Sometimes, doing so meant changes must be made. For example, Walgreens used to have restaurants, too. Instead of trying to continue with both restaurants and drugstores, they chose to focus on the better investment, and leave food service. Drugstores were the intelligent economical choice, and CEO Charles R. “Cork” Walgreen III made it.
If any opportunities or actions do not fulfill all three of these ideas simultaneously, the companies that achieve greatness ignore them. It takes a dis - Davudhas quoted4 years agofirst of these ideas is that you need to identify your passion.
- b2646131474has quoted5 years ago
Choosing a flashy leader from the outside to bring into a company is a mistake that many mediocre companies make, as was the case for Scott Paper with Al Dunlap. He was a braggart who yelled loudly about his accomplishments, but his company was eventually acquired by Kimberly-Clark’s modest but driven CEO, Darwin Smith. A leader must be a workhorse, and not a show pony.
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