What separates good companies from excellent companies? The solution to this is of effective value to entrepreneurs everywhere. I understand that I am always around the look-out for excellent ideas will be able to use within my company and I’m sure that you’re too. This was the topic of a magazine that I have discovered to be very useful in improving my opportunity.
You are wrong if you feel Jim Collins bestseller, Best To GREAT: Why Some Companies Dive right in yet others Don’t is really a stuffy corporate business book without any relevance to entrepreneurs. Even though the book examines big companies, the training are extremely relevant within the small company world that many entrepreneurs reside in.
Best to Great is split into 9 chapters since the essential ingredients in great companies:
Level 5 Leadership
First Who… Then What
Confront the Brutal Details (Yet Never Lose Belief)
The Hedgehog Concept (Simplicity inside the Three Circles)
Best to Great will come in print in addition to audio CD, and Kindle formats.
Author Jim Collins discovered in the research the old adage “Individuals are your most significant asset” is wrong. Individuals are not the most crucial asset in business. The Best individuals are. Quite simply, construct your business round the right people. Whether one is the best person or otherwise is much more regarding their characteristics and innate abilities than regarding their specific understanding, background or skills. The best person is capable of doing understanding the specific understanding or skills when they don’t curently have them. Once the right individuals are hired, it’s not necessary to spend some time motivating them, be worried about them stealing of your stuff, or taking care of your customers poorly. The main difference between hiring the incorrect person and also the right person can be quite pricey!
The most popular notion that technological change may be the principle cause within the decline of formerly great companies isn’t based on evidence. Within the companies he studied, Jim discovered that technology alone never was a responsible for greatness or decline. Mediocre companies turn to technology to produce momentum. Great companies turn to technology to accelerate momentum. What this means is staying away from fads in technology in support of going after carefully selected technologies that link straight to your core passion and purpose.
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