Good to Great: Why Some Companies Make the Leap... and Others Don't

Interesting Facts

• The book is based on a five-year study during which Jim Collins' team examined 28 companies to determine what distinguishes great companies from merely good ones.
• One of the key concepts of the book is «Level 5 Leadership», which combines personal humility with professional will.
• Collins introduces the «Hedgehog Concept», which implies that successful companies focus on what they can be the best in the world at, what drives their economic engine, and what they truly love to do.
• The book emphasizes the importance of a culture of discipline, where employees do not require micromanagement because they are self-motivated and disciplined.
• One interesting finding of the study is that technology alone does not make a company great but can accelerate the process if the company is already on the right path.
• Collins uses the metaphor of the «Flywheel» to describe how great companies achieve success through gradual and consistent improvements rather than sudden changes.