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Commentary On Good To Great By Jim Collins

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The book that I got the privilege to read was ‘Good to Great’ by Jim Collins. Although I only received a short amount of time to look through bits and pieces of the book the chapters in which I did read gave me a lot of knowledge which is always a good thing because not knowing one piece of information could alter your entire life but knowing it could help you forever. First let me give you a little background information on the author. Jim Collins is a business consultant, author, and business lecture. He originally studied mathematics at Stanford University and then became a consultant afterward later on becoming a manager at another company.
Inside of the book Jim Collins talks about a lot of characteristics, values and traits that are needed …show more content…
There are certain things that have to be done in order to not only earn but keep greatness inside of a company. One of the points made that would catch a person’s interest is that Collins makes a statement that while leading a company you have to do some of the same things. Basically what he is saying is that there is this strategy that is done and it has to be repeated over in a cycle. Excellence is a habit and all leaders must exemplify this trait in order to continuously lead company to greater heights. This is the reason why there’s a premium to succession planning, and this is also why it’s important (Leading …show more content…
Communication with other people provides different insights and the perfect insight might come from an unsuspecting source. This attitude of communication must also be extended to all other employees, as well as the customers of the company. By providing them with information, mistakes may be evaded and bigger problems avoided. This practice of communication and truth is really important and can be seen in how companies present their finances to its shareholders and investors.
Collins says that there is a level of understanding needed in order for companies to be able to grow from good to great. He makes three statements for someone in a business to look at. The first point is one of the things that have been mentioned in this paper before which is finding out what you can do and what you are best in. This can be the main thing to help you succeed in your company. The second point that is talked about is to identifying what drives your company’s economic engine. He identifies this as the main factor, and identifying it can help companies to grow on that and generate larger returns. The third point is to know what it is you are really passionate about. Companies that are working their way from good to great need to identify that which they are all passionate about. This is most likely where they get the saying “choose the job which makes you happy and the money will follow” is

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