What drives you? Do you have a determination to keep going for a cause greater than yourself? Why is this even important for an individual being part of an organization?
In this Good to Great Commentary, we will look through some of James C. Collins findings to understand why he made thought-provoking statements pertaining to business leaders and employees. Note 2 examples:
*Some settle just for a good life – So they don’t pursue a great life.
*Is the disease of just being good incurable? If you are only average, are you doomed to remain average?”
Now, I am not sure whether or not this will surprise you, but some do not agree with James Collins findings. Why, referencing his first book on the subject of successful companies, “Built to last”, a thought leader told him that the companies he featured were always great. James Collins ascertained the room was in agreement with this Thought leader‘s view. Therefore, he decided to brainstorm with his team and come up with a criterion that would produce the baseline for what companies would be selected for monitoring and data collection.
He went back to the years of 1965 and moved forward with his meticulous data gathering. The scope of this series is not to name every company and leader he studied. Unfortunately, some of the companies that were great then, may not measure up to the baseline criterion today.
Would General Electric make the list?
How is Fannie Mae functioning today?
The company Walgreens in 1975 started taking big steps of growth. No more to be viewed as mediocre. How are they viewed today?
James Collins Good to Great Research
James Collins determined to carry out a 5 year experiment identifying companies that went from good to great.
Also, he invested resources for a more well-rounded approach to document what caused some of them to succeed and fail?
You will find these 2 areas expounded upon in his book.
1) Framework of Ideas
2) Level 5 Leadership
In Phase 1 of choosing and weeding out companies to study.
A) Comparison -What set them apart from other similar companies in the same industry?
B) Figuring it out- Jim Collins, according to his nature, was motivated to find and show Greatness is not a function of circumstance but of a conscious choice.
Make a Note: “Chaos to Concept”
James Collins talks about the stock market to show these companies measure of success on the world scene.
15 years of consistency became the benchmark for companies chosen because James Collins states: You just can’t be lucky that long.
He picked 11 companies.
* Video Version-Very close to what I call my singer’s microphone on this one. Hopefully you can put up with the intermittent deep breaths. Made Future Note: Limit deep breaths.
Interested readers, Mr. Collins examination of the leaders in these companies is what caught my attention overall. Why so? For several reasons and you will read the majority of them here. I’m just speaking as a fellow human who appreciates how a solid foundation, with well-train leaders bring extraordinary benefits to the people in a company as they too fulfill their respective roles.
My commentary will be infused by these important Product of Culture bullet points.
- Biological Father’s Experience (Phd mindset will tune into these points)
- Schooling and Training (Interested and Little Ones will appreciate these points)
- The Greatest Man Who Ever lived Experience (Everyone can find value with these points)
Throughout this commentary series, the stock market and other economical results will not be the focus. We will just say this company was successful or not. With that being said, we will talk about and deepdive (An I.T. term) into these leader’s mindsets. Emphasis is placed that these leaders are human and so there is no worship of personalities. The commentary is on why different leadership styles were chosen? Why did they work with different personalities? Is there room for a variety of cultures in an organization?
James Collins gives the world’s and insiders’ perception on certain business leaders. Yes, we will dig deeper into the reputation of successful business leaders of yesterday and ask: “Could these same type of leaders recover sinking businesses today?” In a humorous way, “Would ALL companies even tolerate such men James Collins describes as Level 5 Leaders?” In concluding Good to Great-In Business Today? Part 2 a Blog commentary series, I leave you with more of James Collins findings:
LEADERS -The good to great leaders seem to have come from Mars, self-effacing (not claiming attention for oneself; retiring and modest, even shy)
They first got the right people on the bus and wrong ones off the bus. And the right people in the right seats.
Stockdale Paradox “You most have unwavering hope, You have to face the brutal facts of your reality no matter how unpleasant they might be.” – Admiral Jim Stockdale. (Prisoner of War 1965-1973)
- Culture of discipline – When you have disciplined thought you don’t need bureaucracy.
- Technology should not be the driving force behind business decisions. It is a tool.
- Built to last “Requires core values”
Jim Collins looks at timeless principles the same way the physical universe functions by the “laws of physics.” They don’t change even if the people say they do. No argument there. Mr. Collins intimates, these fundamental laws will make a business or organization great.
Continuation in Good to Great-In Business Today? Part 3