Good to Great Flashcards
Colon’s coined their term Level 5 Leader
To describe the highest level of executive capabilities identified in research.
Level 1-4 Leadership are
Highly capable individual, contributing team member, competent manager and executive leader
Level 5 leaders were ambitious but their ambition was directed first and foremost toward
The company and it’s success not to personal renown
Level 5 leaders are
Fanatically driven, infected with an incurable need to produce results.
When thing go well they give credit to others or simple good luck
When things go bad they look in the mirror and never blame bad luck
Level 5 leaders did not
Exhibit enormous egos
Legislative leadership relies on
Persuasion, political currency, and shared interests to create conditions for the right decisions to happen.
True leadership
Only exists if people follow when they have freedom not to.
The right people can often attract money
But money by itself can never attract the right people.
Get the right people on the bus
Then find a direction.
Great companies had
Red flag mechanisms and other tools for calling attention to information that can not be ignored.
What is the hedgehog concept
An understanding of what you can be the best at
Geek parable the fox
Knows many things
Greek parable the hedgehog
Knows one big thing
Good to great companies had a
Culture of discipline employees showed extreme diligence and intensity in thoughts and actions always focusing on implementing the hedgehog concept
The opposite of a culture of discipline is
Bureaucracy
Bureaucratic culture arises from
To compensate for incompetence and lack of discipline which arise from having the wrong people on the bus.
In a culture of discipline
Employees don’t need to be disciplined because they have self-discipline so the can be given greater freedom and responsibility to do their jobs
What percentage of good to great executives didn’t mention technology
80%
When used right technology becomes
An accelerator of momentum not a creator of it.
No matter how dramatic the end result, the good to great transformation never happened in on fell swoop. Good to great executives said they were unaware that a major transformation was underway until they were well into it.
Flywheel
Marked by chronic restructuring,fads, management hoopla action without discipline thought and inconsistency
Doom Loop
