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Good To Great: Why Some Companies Make the Leap...And Others Don't
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Jim Collins, bestselling author of Built to Last returns with Good to Great, a look at what it takes to succeed in business and how a good company can become a great one. From the Inside Flap In 1996, Jim Collins and his research team set out to answer one simple question: 'Can a good company become a great company and, if so, how?' Most great companies grew up with superb parents - founders like George Merck, David Packard, and Walt Disney - who instilled the seeds of greatness early on. But what about the vast majority of companies that wake up part way through life and realize that they're good, but not great? With 21 research associates working in groups of four to six at a time over a period of nearly five years, the study involved a wide range of both qualitative and quantitative analyses and examined 1,435 Fortune 500 companies. On the qualitative front, they collected thousands of articles, conducted interviews with key executives, analyzed internal strategy documents, and culled analyst reports. Quantitatively, they ran financial metrics, examined executive compensation, compared patterns of management turnover, quantified company layoffs and restructurings, and calculated the effect of acquisitions and divestitures on performance. They then synthesized the results to identify the drivers of good-to-great transformations. And what did Collins and his team discover? They found the key concepts that permitted these good-to-great companies to achieve cumulative stock returns 6.9 times the stock market in fifteen years. To put that in perspective, that's a rate better than twice the rate achieved by General Electric. Put another way, a dollar invested in a mutual fund of the good-to-great companies in 1965 grew to $470 by 2000 - compared to just $56 in the general stock market. These are extraordinary numbers, made all the more so by the fact they came from previously unremarkable companies. About the Author Jim Collins is author or co-author of six books that have sold more than 10 million copies worldwide, including the bestsellers Good to Great, Built to Last, and How the Mighty Fall. Jim began his research and teaching career on the faculty at Stanford Graduate School of Business, where he received the Distinguished Teaching Award in 1992. He now operates a management laboratory in Boulder, Colorado, where he conducts research, teaches, and consults with executives from the corporate and social sectors. More about Jim and his works can be found at his e-teaching site, where he has assembled articles, audio clips, a recommended reading list, discussion guide, tools, and other information. The site is designed to be a place for students to study and learn: www.jimcollins.com Return to Product Overview
Product code: 204642578_9999
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Author Jim Collins Publisher RHUK, Latest edition (4 October 2001) Language English Number of Pages 320 Dimensions 16.2 x 3 x 24 cm Binding Hardcover
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'Good To Great: Why Some Companies Make The Leap' And Others Don't' is a book that focuses on the concepts which when followed can make a mere good company, a great one! The theories given help the companies to be successful in their business. The author and his expert team set out to find solutions for the handicaps that the small and mediocre companies have to face. The problems can range from the initial teething problems to the mid-life-business feeling of just being good and not great! Their main focus is to help out those businesses which do not have any Godfather in the corporate industry. The expert team conducted the research for a period of 5 years and analyzed various quantitative as well as qualitative aspects of doing business. It took a sample of 1,435 Fortune 500 companies. The experts assembled thousands of editorials, conducted face-to-face interviews with top executives, went through in-house planning documents and gathered analyst research reports in order to Qualitatively analyze the whole thing. For the Quantitative aspect, financial metrics were analyzed, executive remunerations were examined and comparison of management turnover was done. Besides, the impacts of mergers and acquisitions on the performance were measured. The blending of all the results was then enumerated to find out the ways of transforming a good company into a great one. The team came out with some remarkable concepts on the basis of these research and surveys. They found out that with the help of these tips, the companies would be able to achieve cumulative stock returns of 6.9 times the stock market over a period of 15 years. So, it is a great grab for the CEOs and Management of companies of good companies who want to progress towards being great. The help book is available online at Amazon India. About the Author: Jim Collins has authored this write-up. He has been a co-author of 6 books that have sold over 10 million prints over the globe. Some of his best-sellers comprise of Good To Great, Build To Last and How the Mighty Fall. Jim was involved in a research and teaching career at Stanford Graduate School of Business, where he was felicitated with the Distinguished Teaching Award in the year 1992. Presently, he operates a management laboratory in Boulder, Colorado, where he is involved with the research, teaching and consultation with corporate and social executives.
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