Good To Great Book Summary

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Carl Powers ICS 392 Management at the Movies Final Paper March 16, 2011 From Good to Great Book Summary The book, From Good to Great: Why Some Companies Make the Leap and Others Don’t, by Jim Collins discusses how and why some companies achieve a level of success that makes them “great,” and why other companies, although successful, do not attain great status. This book illustrates how a select group of companies surpass the performance in their respective industries, and how they achieved a substantial level of achievement in the process. The author mentions the many strategies these companies use in order to get where they are today. Collins and his team spent about five years researching Fortune 500 companies in order to discover what makes the great ones "great." This research is highlighted with a series of case studies involving these successful companies. It is important to note that these characteristics do not go for solely to large corporations. The use of corporations as the subject of the book is used because of the wide availability of their data mostly due to their 10K and financial statements (Collins, P. 16). Some of the traits of a "built to last” company include filling in vacancies for CEOs and other members of management from members already within the firm to assure corporate strategies are maintained, employing people who are naturally talented, not focusing on compensation and incentives when hiring employees, and that diversifying business lines do not add value to the company. Essentially, this book provides a behind closed doors view at how leadership, change, and a broad view of different industries in addition to the different qualities and actions those successful companies all have in common with one another. It is important to note that these characteristics do not go for solely to large corporations. This book is

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