All great organizations are guided by the following paradox wherein through sevre perseverence they have faith to prevail over all difficulties by confronting brutal facts Adopted from Jim Collins’s book Good to Great , the following snapshot illustrates the Stockdale Paradox
Adopted from the following great saying of Daniel Pink , very aptly highlights the approach used by great organizations to get such work done.. “For creative tasks, the best approach is often just to hire great people and get out of their way.”
Adopted from the following great quote of Simon Sinek.. “The goal is not to do business with everybody who needs what you have. The goal is to do business with people who believe what you believe.”
Less known companies try to create a breakthrough with large and misguided acquisitions without adhering to any framework.. The great companies in contrast use large acquisitions after breakthrough to accelerate momentum guided by the Hedgehog Concept after their flywheel has already build up momentum.. Adopted from Jim Collins’s book Good to Great
The key to success of great organizations with acquisitions is that the big acquisitions generally take place only after the development and understanding of the three circles in the Hedgehog Concept and after the flywheel has built significant momentum.. This is what they use acquisitions as a accelerator of momentum not a creator of theContinue reading “Great organizations use acquisitions to accelerate momentum not create it”
Great organizations are known for making steady 20 mile marches adhering to the Hedgehog concept sacrificing the enticements or pressures due to the stock market.. The buildup-breakthrough flywheel effect is when great organizations build up themselves for a breakthrough and once these achieve the breakthrough they scale up adhering to the Hedgehog concept by showingContinue reading “Understanding the Buildup and Breakthrough flywheel model”
Adopted from the book of Jim Collins , Good to Great.. Jim Collins mentions that certainly a company cannot remain a laggard and hope to be great but technology by itself can never be a primary cause of either GREATNESS or DECLINE..
The great organizations use technology as the ACCELERATOR of momentum not the CREATOR of it.. Great organizations understand technology first and decide to adopt the relevant technology that aligns with the three circles of the Hedgehog Concept.. Adopted from Jim Collins”s book Good to Great , this is what makes great organizations so successful..
The great organizations as mentioned by Jim Collins in his book Good to Great follow the below simple mantra for any business decision.. “Anything that does not fit with the HEDGEHOG concept they do not do” They do not launch unrelated businesses , do not make unrelated acquisitions , unrelated joint ventures.. If it doesContinue reading “Great organizations follow this mantra while taking any business decision”
The great organizations build consistent systems with clear constraints.. Along with this they also give the people freedom and responsibility within the framework of the system.. They hire self disciplined system who do not need to be managed , manage the system and not the people.. Adopted from Jim Collins’s book Good to Great..