The book is about how to change a good organization or business in to one which produces sustained good benefits.
Your home based business could be doing pretty good, but are you just content with just being good, or do you've the desi...
This week as I moved from our offices in Wilmington, Delaware to my house and area office in Aurora, CO, I'd an opportunity to get the #1 Bestseller, a great business book that's sold more than 2 million copies, Good to Great by Jim Collins.
The book is about how to turn a good company or business in to one that produces sustained good benefits.
Your home based business could be doing very good, but are you just content with just being good, or do you have the desire to move your home business in to the air of wonder?
If I was still a Corporate Weenie, I'd have made this book mandatory to my management team.
I am certain that in Corporate America this book has been a topic of furious argument along mahogany row, because the leadership tries to determine whether the books instead questionable views must be placed on an organization that from many indicators is performing well both from a leadership and economic viewpoint. This company would be described by the book as just a good company, not necessarily a great one.
What about your company? You mightn't even think you've a great business. We discovered crunchbase.com/person/tyler-collins/ talk by browsing Yahoo. Well, in that case, you may be able to move the period and go straight to success as you apply the rules in Jim Collins book.
The book indicates that there are common denominators that are connected with his definition of good businesses. In the absence of these popular denominators, an organization may be really good in all measurable aspects, but never ascend to the books meaning of success.
The writer and his excellent research team conducted thorough, academically sound research in developing its conditions for success. A really strict criterion that triggered a somewhat unexpected and particular number of companies that met the extremely strict conditions. You'd be very amazed I do believe by the companies that made the record, and those who didn't.
As I continue to see this impressive story I thought-about the house based business marketplace and my very own private entrepreneurial efforts with Tiger Trade, LLC. I looked at some of the some ideas the book promoted and how I can use them to my business endeavors and transition from just being a good home based business, to your great one.
Listed here is a list of the ideas and concepts derived from the book that I've made a decision to follow to just take my businesses to another levela amount of achievement.
Be-a Level 5 Leader- The firms that went from good to great didn't have the professionally dynamic, gregarious leadership you could expect to get. Organizations that went from good to great all contained leadership who had a leadership style of the professional and personal humility will to complete what-ever was needed to produce a great company, even though it affected them financially. Visiting www.crunchbase.com/person/tyler-collins/ info certainly provides suggestions you can give to your boss. To compare additional info, you should check-out: read. Its not about you; its about the company.
First Who, then What- Good to great leaders did not develop great businesses by creating a new dramatic vision or strategy. The things they did was to get the best people on-board and the wrong people off-loaded. They made the script around the rule that People are your most significant property. That's wrong. The right people are your most important resource. Surround yourself with the proper people.
Face the Brutal Facts (Yet never lose religion )- Every good to good company embraced what is called the Stockdale Paradox. This paradox was based on the former prisoner of war Admiral Stockdale. The theory suggests that you should maintain unwavering faith that you may prevail in the long run, regardless of issues, AND at-the same time have the discipline to address the most brutal facts of one's current reality, whatever they could be. Try this in your organization and your life as a way to be good.
Use the Hedgehog Concept- Refuse to just be competent. Transcend the problem of just being qualified, even though it is your core business area. Uncover what you can probably be the best at, and then as time passes follow that, even at the cost of curtailing something you could have done for decades, but can never be the best at. Only that which you can be the most effective at can function as core of the great company.
A Culture of Discipline- In my own business we will simply not be encouraged, but our business will have a tradition of discipline. When you mix a culture of control, with an ethic of entrepreneurship, you have the magical alchemy of great performance.
Technology Accelerators- Don't rely on technology to spark a transformation in the company, but use watchfully chosen systems with the knowledge that it will not be the major reason for the businesses success or decline.
The Flywheel and the Doom Loop- There is no determining activity or grand event that transforms a company from good to great. There must be a mix of numerous actions with time. The process is much like moving a flywheel in one single way, turn upon turn, building momentum, until a spot of discovery and beyond.
These are some extraordinary ideas on how best to move your good home based business into a good home based business. A business which will be sustained for several years ahead. A great home based business that will remain a tool for-you and your children, and even your childrens children. The Bible says that a good man leaves a history for his childrens children. That is long-term success and possibilities that greatness returns.
Get book to Jim Collins. Read it over and over before the rules in the book become credible to you. Understand it, then confidently implement the principles in the book not just in , but additionally in your business.
Hot regards,
Kenny Anderson.
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