Entrepreneur: Thanks for being in my Meetup. I���d like to send you Seasons Greetings for a Happy Holiday Season with family and/or friends. If you ever have ideas for a program, just let me know.
I���d like to give you my summary of the best selling Biz Books as a Seasonal Gift.
Characteristics of Companies that went from GOOD to GREAT, Author: Jim Collins
�� Level 5 Leadership: Leaders who are humble, but driven to do what's best for the company.
�� First Who, Then Where: Get the right people on the bus, then figure out where to go. Finding the right people and trying them out in different positions.
�� Confront the Brutal Facts: The Stockdale paradox - Confront the brutal truth of the situation, yet at the same time, never give up hope.
�� Hedgehog Concept: Three overlapping circles: What makes you money? What could you be best in the world at? and What lights your fire?
�� Culture of
Discipline: Rinsing the cottage cheese.
�� Technology Accelerators: Using technology to accelerate growth, within the three circles of the hedgehog concept.
�� The Flywheel: The additive effect of many small initiatives; they act on each other like compound interest.
BUILT to LAST: Successful Habits of Visionary Companies
Authors Jim Collins and Jerry Porras listed a total of 18 companies they identified as ���visionary.��� which they defined as:
- one that is a premier institution in its industry,
- is widely admired by knowledgeable people,
- made an imprint on the world,
- had multiple generations of CEOs,
- had multiple product/service life cycles, and
- was founded before 1950.
These companies have taken leadership roles in their industries, offering innovative products & services and consistently outsmarting rivals. What made the research particularly useful and interesting is that Collins
and Porras compared and contrasted these Visionary companies with a control set of rivals. From 1926 through 1990 the Comparison companies outperformed the Stock Market by 2 times - whereas the Visionary companies outperformed the market by 15 times.
HOW the MIGHTY FALL, Jim Collins
Decline can be avoided, detected & reversed. How do the mighty fall? Can decline be detected early and avoided? How far can a company fall, before the path toward doom becomes inevitable and unshakable? How can companies reverse course?
In How the Mighty Fall, Collins confronts these questions, offering leaders the well-founded hope that they can learn how to stave off decline and, if they find themselves falling, reverse their course. Collins' research project - >4 years in duration - uncovered 5 stages of decline:
Stage 1: Arrogance, Born of Success
Stage 2: Undisciplined Pursuit of More
Stage 3: Denial of Risk and Peril
4: Grasping for Salvation
Stage 5: Capitulation to Irrelevance or Death
By understanding these stages of decline, leaders can substantially reduce their chances of falling all the way to the bottom. Great companies can stumble, badly, and recover.
Every institution, no matter how great, is vul-nerable to decline. There is no law of nature that the most powerful will inevitably remain at the top. Anyone can fall and most eventually do. But, as Collins' research emphasizes, some companies do indeed recover���in some cases, coming back even stronger���even after having crashed into the depths of Stage 4.
Decline, it turns out, is largely self-inflicted, and the path to recovery lies largely within our own hands. We are not imprisoned by our circum-stances, our history, or even our staggering defeats along the way. As long as we never get entirely knocked out of the game, hope always remains. The mighty can fall, but they can often
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