great by choice uncertainty chaos and luck why some thrive despite them all

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Great By Choice

Author : Jim Collins
ISBN : 9781446494585
Genre : Business & Economics
File Size : 41. 1 MB
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THE NEW QUESTION Ten years after the worldwide bestseller Good to Great, Jim Collins returns with another groundbreaking work, this time to ask: Why do some companies thrive in uncertainty, even chaos, and others do not? Based on nine years of research, buttressed by rigorous analysis and infused with engaging stories, Collins and his colleague, Morten Hansen, enumerate the principles for building a truly great enterprise in unpredictable, tumultuous, and fast-moving times. THE NEW STUDY Great by Choice distinguishes itself from Collins's prior work by its focus not just on performance, but also on the type of unstable environments faced by leaders today. With a team of more than twenty researchers, Collins and Hansen studied companies that rose to greatness - beating their industry indexes by a minimum of ten times over fifteen years - in environments characterized by big forces and rapid shifts that leaders could not predict or control. The research team then contrasted these "10X companies" to a carefully selected set of comparison companies that failed to achieve greatness in similarly extreme environments. THE NEW FINDINGS The study results were full of provocative surprises. Such as: * The best leaders were not more risk taking, more visionary, and more creative than the comparisons; they were more disciplined, more empirical, and more paranoid. * Innovation by itself turns out not to be the trump card in a chaotic and uncertain world; more important is the ability to scale innovation, to blend creativity with discipline. * Following the belief that leading in a "fast world" always requires "fast decisions" and "fast action" is a good way to get killed. * The great companies changed less in reaction to a radically changing world than the comparison companies. The authors challenge conventional wisdom with thought-provoking, sticky, and supremely practical concepts. They include 10Xers; the 20 Mile March; Fire Bullets then Cannonballs; Leading above the Death Line; Zoom Out, Then Zoom In; and the SMaC Recipe. Finally, in the last chapter, Collins and Hansen present their most provocative and original analysis: defining, quantifying, and studying the role of luck. The great companies and the leaders who built them were not luckier than the comparisons, but they did get a higher Return on Luck. This book is classic Collins: contrarian, data driven, and uplifting. He and Hansen show convincingly that, even in a chaotic and uncertain world, greatness happens by choice, not by chance.

Great By Choice

Author : Jim Collins
ISBN : 9780062121004
Genre : Business & Economics
File Size : 65. 9 MB
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Ten years after the worldwide bestseller Good to Great, Jim Collins returns withanother groundbreaking work, this time to ask: why do some companies thrive inuncertainty, even chaos, and others do not? Based on nine years of research,buttressed by rigorous analysis and infused with engaging stories, Collins andhis colleague Morten Hansen enumerate the principles for building a truly greatenterprise in unpredictable, tumultuous and fast-moving times. This book isclassic Collins: contrarian, data-driven and uplifting.

How The Mighty Fall

Author : Jim Collins
ISBN : 9780061956461
Genre : Business & Economics
File Size : 55. 21 MB
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Decline can be avoided. Decline can be detected. Decline can be reversed. Amidst the desolate landscape of fallen great companies, Jim Collins began to wonder: How do the mighty fall? Can decline be detected early and avoided? How far can a company fall before the path toward doom becomes inevitable and unshakable? How can companies reverse course? In How the Mighty Fall, Collins confronts these questions, offering leaders the well-founded hope that they can learn how to stave off decline and, if they find themselves falling, reverse their course. Collins' research project—more than four years in duration—uncovered five step-wise stages of decline: Stage 1: Hubris Born of Success Stage 2: Undisciplined Pursuit of More Stage 3: Denial of Risk and Peril Stage 4: Grasping for Salvation Stage 5: Capitulation to Irrelevance or Death By understanding these stages of decline, leaders can substantially reduce their chances of falling all the way to the bottom. Great companies can stumble, badly, and recover. Every institution, no matter how great, is vulnerable to decline. There is no law of nature that the most powerful will inevitably remain at the top. Anyone can fall and most eventually do. But, as Collins' research emphasizes, some companies do indeed recover—in some cases, coming back even stronger—even after having crashed into the depths of Stage 4. Decline, it turns out, is largely self-inflicted, and the path to recovery lies largely within our own hands. We are not imprisoned by our circumstances, our history, or even our staggering defeats along the way. As long as we never get entirely knocked out of the game, hope always remains. The mighty can fall, but they can often rise again.

Built To Last

Author : Jim Collins
ISBN : 9780062119087
Genre : Business & Economics
File Size : 69. 6 MB
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"This is not a book about charismatic visionary leaders. It is not about visionary product concepts or visionary products or visionary market insights. Nor is it about just having a corporate vision. This is a book about something far more important, enduring, and substantial. This is a book about visionary companies." So write Jim Collins and Jerry Porras in this groundbreaking book that shatters myths, provides new insights, and gives practical guidance to those who would like to build landmark companies that stand the test of time. Drawing upon a six-year research project at the Stanford University Graduate School of Business, Collins and Porras took eighteen truly exceptional and long-lasting companies -- they have an average age of nearly one hundred years and have outperformed the general stock market by a factor of fifteen since 1926 -- and studied each company in direct comparison to one of its top competitors. They examined the companies from their very beginnings to the present day -- as start-ups, as midsize companies, and as large corporations. Throughout, the authors asked: "What makes the truly exceptional companies different from other companies?" What separates General Electric, 3M, Merck, Wal-Mart, Hewlett-Packard, Walt Disney, and Philip Morris from their rivals? How, for example, did Procter & Gamble, which began life substantially behind rival Colgate, eventually prevail as the premier institution in its industry? How was Motorola able to move from a humble battery repair business into integrated circuits and cellular communications, while Zenith never became dominant in anything other than TVs? How did Boeing unseat McDonnell Douglas as the world's best commercial aircraft company -- what did Boeing have that McDonnell Douglas lacked? By answering such questions, Collins and Porras go beyond the incessant barrage of management buzzwords and fads of the day to discover timeless qualities that have consistently distinguished out-standing companies. They also provide inspiration to all executives and entrepreneurs by destroying the false but widely accepted idea that only charismatic visionary leaders can build visionary companies. Filled with hundreds of specific examples and organized into a coherent framework of practical concepts that can be applied by managers and entrepreneurs at all levels, Built to Last provides a master blueprint for building organizations that will prosper long into the twenty-first century and beyond.

Good To Great To Gone

Author : Alan Wurtzel
ISBN : 9781938120251
Genre : Business & Economics
File Size : 43. 78 MB
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How did Circuit City go from a Mom and Pop store with a mere $13,000 investment, to the best performing Fortune 500 Company for any 15-year period between 1965 and 1995, to bankruptcy and liquidation in 2009? What must leaders do not only to take a business from good to great, but to avoid plummeting from great to gone in a constantly evolving marketplace? Alan Wurtzel, son of Circuit City founder Sam Wurtzel, took over as CEO in 1972 and implemented a successful long term strategy that simplified the company by unloading unsuccessful acquisitions, expanded the few winning divisions, and preserved the distinct employee culture his father created, positioning the company for unprecedented success. For almost 50 years, Circuit City was able to successfully navigate the constant changes in the consumer electronics marketplace and meet consumer demand and taste preferences. But with the subsequent decline and ultimate demise of Circuit City in 2009, Wurtzel had the rare perspective of a former company insider in the role of an outsider looking in. Believing that there is no singular formula for strategy, Wurtzel emphasizes the “Habits of Mind” that influence critical management decisions. With key takeaways at the end of each chapter, Wurtzel offers advice and guidance to ensure any business stays on track, even in the wake of disruption, a changing consumer landscape, and new competitors. Part social history, part cautionary tale, and part business strategy guide, GOOD TO GREAT TO GONE: THE 60 YEAR RISE AND FALL OF CIRCUIT CITY features a memorable story with critical leadership lessons.

Uncommon Hope

Author : Jim Collins
ISBN : 9781512772029
Genre : Biography & Autobiography
File Size : 82. 82 MB
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Baseball bonded the Collins family, culminating when Michael played in the junior college World Series in Enid, Oklahoma, while Jim was coaching University High School in the Illinois state finals—seven hundred miles apart! Those bonds reached new heights with Jim as a head coach and Michael his assistant at University High School. A doorbell rings and lives are changed forever. A drunk driver and a horrific crash. Two brain surgeries. Five days in the hospital. A funeral. All played out in a very dramatic and public manner. But with all the pain comes some miracles, including a “Pay It Forward” movement with positive impact around the world in honor of Michael. Knowing it is what Michael would want, Jim returns to the dugout to coach the University High School Pioneers. How does a team of high school kids attend the funeral of their assistant coach one day, then resume their season the next? Players, parents, and coaches pull together unlike any team Jim has coached before. There are no complaints about playing time, just a focus on the emotional well-being of this savvy group of teenagers and their still-grieving head coach. One post-season win would be an upset. A regional championship seemed impossible. The team discovers that no adversity on the field can come close to what they have already experienced off it. Coaches, players, and parents learn the power of one team playing with a purpose bigger than the game. The season ends where Jim never could have imagined that first day of practice.

Quicklet On Jim Collins Great By Choice

Author : Jason Shen
ISBN : 9781614645429
Genre : Business & Economics
File Size : 72. 51 MB
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ABOUT THE BOOK I just finished reading Jim Collins' new book. "Great by Choice: Uncertainty Chaos and Luck -- Why Some Thrive Despite Them All" (often GBC from here on out) describes the results of a deep investigation into how young companies can survive and thrive in chaotic, turbulent environments to achieve spectacular results. The book is of great value to startups and entrepreneurs seeking to build enduringly great companies. In this ebook, I look at how his concepts of fanatical discipline, productive paranoia, and empirical creativity apply to building a startup that succeeds over the long-term. To Note: I think that if you're trying to found-n-flip a business, most of these lessons do not apply. Rather, they're specifically for founders/leaders who want to be a long-lasting business success. Additionally, I don't want readers to come away with the idea that these are the only ways to become an enduring success. However, we have more evidence to suggest that these ways will work compared to many other approaches. MEET THE AUTHOR Jason Shen is the co-founder of Ridejoy - a Y Combinator-funded community marketplace for ridesharing. His blog, "The Art of Ass-Kicking," has been featured by Lifehacker and ReadWriteWeb. Jason studied Biology and Philosophy at Stanford where he led the men's gymnastics team to an NCAA national championship. Ridejoy is a company where friendly and talented people can do their best work and make the world a better place. EXCERPT FROM THE BOOK Luck: the dirty word in all success, business, and self-improvement literature. Perhaps some people and companies just get lucky, and our ability to draw useful lessons and conclusions from their success is just not possible. But Collins and his team anticipated the curiosity, at any rate, and devoted an entire chapter to luck. GBC applied a consistent methodology to both pairs of companies to analyze how luck played a role in their outcomes. About 230 luck events were categorized and studied, each meeting all three criteria of being unpredictable, independent of the actions of key players, and having significant good or bad implications for the business. Examples of luck events include Amgen isolating the gene for EPO, which it likened to finding a sugar cube in a lake a mile wide/long/deep, or the New England Journal of Medicine publishing a paper that challenged the effectiveness of one of Genentech's major drug products. What they found: Neither 10x-ers or comparison companies had substantially more good luck or bad luck events, nor did one giant piece of good luck carry a 10x company through all its success. Luck exists, but it tends to even out the playing field. What matters is Return on Luck, or how you take advantage of good luck and avoid choking. Buy a copy to keep reading! CHAPTER OUTLINE Quicklet On Jim Collins' Great By Choice: The Surprising Lessons Of How Tech Startups Succeed Over The Long Term + Introduction + About the Book + A Closer Look: Summary, Analysis, and Important Lessons + Fire Bullets Then Cannonballs: Another Look At Launching MVPs + ...and much more

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