Tuesday, Aug. 09, 2011
Good to Great: Why Some Companies Make the Leap ... and Others Don't (2001), by Jim Collins
How does a company go from being merely successful to sustaining profits over long periods? That's the central question of Jim Collins' book, a deeply-researched analysis that starts with all 1,400 companies on the Fortune 500 since 1965 and narrows the list to 11 companies that sustained excellence over time — often by going against accepted industry wisdom. Companies like Fannie Mae (ahem), Gillette, Kroger and Wells Fargo have what Collins discovered to be seven characteristics that contributed to their success, including a culture of discipline, finding the right employees and harnessing technology in the most efficient ways possible.