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Transforming Good Companies into Great Ones: Key Principles for Sustained Success

This study explores the principles that underpin the success of thriving companies, focusing on Jim Collins' concepts from "Good to Great." Key takeaways include Level 5 Leadership, the importance of having the right people ("First Who... Then What"), and confronting brutal facts. Emphasizing the Hedgehog Concept and fostering a culture of discipline are crucial for long-term results. The Flywheel effect illustrates how sustained success often results from many small, consistent actions. Learn how to leverage technology and core competencies to accelerate transformation and achieve greatness.

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Transforming Good Companies into Great Ones: Key Principles for Sustained Success

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Presentation Transcript

  1. Collect RFS Report

  2. Good to Great Study really successful companies

  3. Principles • Level 5 Leadership • First Who … Then What • Confront the Brutal Facts • The Hedgehog Concept • A Culture of Discipline • Technology Accelerators • The Flywheel and the Doom Loop

  4. A Culture of Discipline • Sustained results are from many disciplined actions – fanatically consistent with the three circles • People with responsibility • Stay within what makes your company best • Relevance of core competencies

  5. Technology Accelerators • Think differently about technology • Become pioneers in selected technologies • Respond with thoughtfulness and creativity

  6. The Flywheel • Transformations look like dramatic changes • Actually the result of many minor changes over a long period of time • Accumulated momentum towards success!

  7. A comment on the methodology used Interviews with executives Evaluate common patterns Discern what common patterns mean

  8. Assessing a company(Southwest Airlines) http://www.southwest.com/

  9. Return Capstone Memo Turn in revised memo to my box on Friday

  10. Next class No Class on Friday

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