Jim Collin's Good to Great-- Face Facts
In the last post we looked at some of the key points from Chapter 4 of Jim Collin's Good to Great.
In my consulting practice I work with companies that have been in business for many years and now expect to be at the pinnacle of their success. However, instead they find themselves struggling to survive in a New Ecomony with new rules.
One of my famous sayings (forgive the bad english)--"There is nothing good that ever comes out of distorting reality. Now that we know the truth let's face the facts and decide what to do next."
Keeping with this theme here are some additional key points from Chapter 4 of Jim Collin's Good to Great.
In my consulting practice I work with companies that have been in business for many years and now expect to be at the pinnacle of their success. However, instead they find themselves struggling to survive in a New Ecomony with new rules.
One of my famous sayings (forgive the bad english)--"There is nothing good that ever comes out of distorting reality. Now that we know the truth let's face the facts and decide what to do next."
Keeping with this theme here are some additional key points from Chapter 4 of Jim Collin's Good to Great.
- There’s no evidence that good-to-great companies had more, or better, information than the comparison companies. The key lies not in better information, but in turning information into information that cannot be ignored.
- In confronting brutal facts, the good-to-great companies left themselves stronger and more resilient, not weaker and dispirited.
- The “hardiness” studies done by the International Committee for the Study of Victimization found that people suffering from adversity fall into three categories: those who are permanently dispirited by the event, those who got their life back to normal and those who used the event as a defining event that made them stronger. The good-to-great companies were like the third group, with the “hardiness factor.”
- Every good-to-great company faced significant adversity on the way to greatness. On the one hand, they stoically accepted the brutal facts of reality. On the other hand, they maintained an unwavering faith in the endgame and a commitment to prevail as a great company despite the brutal facts.
- The Stockdale Paradox - You must never confuse faith that you will prevail in the end-which you can never afford to lose-with the discipline to confront the most brutal facts of your current reality, whatever they might be.
- What separates people is not the presence or absence of difficulty, but how they deal with the inevitable difficulties of life.
- The good-to-great leaders are able to strip away so much noise and clutter and just focus on the few things that would have the greatest impact.
Posted by LW and Associates at 7/6/2011 10:04 AM 
Categories: Growth Strategies
Tags: small business lori williams business advice business advic business simply put jim collins good to great
Categories: Growth Strategies
Tags: small business lori williams business advice business advic business simply put jim collins good to great
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