Great by Choice

Great by Choice

This book is classic Collins: contrarian, data driven, and uplifting. He and Hansen show convincingly that, even in a chaotic and uncertain world, greatness happens by choice, not by chance.

Author: Jim Collins

Publisher: Random House

ISBN: 9781446494585

Category: Business & Economics

Page: 320

View: 986

THE NEW QUESTION Ten years after the worldwide bestseller Good to Great, Jim Collins returns with another groundbreaking work, this time to ask: Why do some companies thrive in uncertainty, even chaos, and others do not? Based on nine years of research, buttressed by rigorous analysis and infused with engaging stories, Collins and his colleague, Morten Hansen, enumerate the principles for building a truly great enterprise in unpredictable, tumultuous, and fast-moving times. THE NEW STUDY Great by Choice distinguishes itself from Collins's prior work by its focus not just on performance, but also on the type of unstable environments faced by leaders today. With a team of more than twenty researchers, Collins and Hansen studied companies that rose to greatness - beating their industry indexes by a minimum of ten times over fifteen years - in environments characterized by big forces and rapid shifts that leaders could not predict or control. The research team then contrasted these "10X companies" to a carefully selected set of comparison companies that failed to achieve greatness in similarly extreme environments. THE NEW FINDINGS The study results were full of provocative surprises. Such as: * The best leaders were not more risk taking, more visionary, and more creative than the comparisons; they were more disciplined, more empirical, and more paranoid. * Innovation by itself turns out not to be the trump card in a chaotic and uncertain world; more important is the ability to scale innovation, to blend creativity with discipline. * Following the belief that leading in a "fast world" always requires "fast decisions" and "fast action" is a good way to get killed. * The great companies changed less in reaction to a radically changing world than the comparison companies. The authors challenge conventional wisdom with thought-provoking, sticky, and supremely practical concepts. They include 10Xers; the 20 Mile March; Fire Bullets then Cannonballs; Leading above the Death Line; Zoom Out, Then Zoom In; and the SMaC Recipe. Finally, in the last chapter, Collins and Hansen present their most provocative and original analysis: defining, quantifying, and studying the role of luck. The great companies and the leaders who built them were not luckier than the comparisons, but they did get a higher Return on Luck. This book is classic Collins: contrarian, data driven, and uplifting. He and Hansen show convincingly that, even in a chaotic and uncertain world, greatness happens by choice, not by chance.
Categories: Business & Economics

Quicklet on Jim Collins Great By Choice

Quicklet on Jim Collins  Great By Choice

Additionally, I don't want readers to come away with the idea that these are the only ways to become an enduring success. However, we have more evidence to suggest that these ways will work compared to many other approaches.

Author: Jason Shen

Publisher: Hyperink Inc

ISBN: 9781614645429

Category: Business & Economics

Page: 30

View: 106

ABOUT THE BOOK I just finished reading Jim Collins' new book. "Great by Choice: Uncertainty Chaos and Luck -- Why Some Thrive Despite Them All" (often GBC from here on out) describes the results of a deep investigation into how young companies can survive and thrive in chaotic, turbulent environments to achieve spectacular results. The book is of great value to startups and entrepreneurs seeking to build enduringly great companies. In this ebook, I look at how his concepts of fanatical discipline, productive paranoia, and empirical creativity apply to building a startup that succeeds over the long-term. To Note: I think that if you're trying to found-n-flip a business, most of these lessons do not apply. Rather, they're specifically for founders/leaders who want to be a long-lasting business success. Additionally, I don't want readers to come away with the idea that these are the only ways to become an enduring success. However, we have more evidence to suggest that these ways will work compared to many other approaches. MEET THE AUTHOR Jason Shen is the co-founder of Ridejoy - a Y Combinator-funded community marketplace for ridesharing. His blog, "The Art of Ass-Kicking," has been featured by Lifehacker and ReadWriteWeb. Jason studied Biology and Philosophy at Stanford where he led the men's gymnastics team to an NCAA national championship. Ridejoy is a company where friendly and talented people can do their best work and make the world a better place. EXCERPT FROM THE BOOK Luck: the dirty word in all success, business, and self-improvement literature. Perhaps some people and companies just get lucky, and our ability to draw useful lessons and conclusions from their success is just not possible. But Collins and his team anticipated the curiosity, at any rate, and devoted an entire chapter to luck. GBC applied a consistent methodology to both pairs of companies to analyze how luck played a role in their outcomes. About 230 luck events were categorized and studied, each meeting all three criteria of being unpredictable, independent of the actions of key players, and having significant good or bad implications for the business. Examples of luck events include Amgen isolating the gene for EPO, which it likened to finding a sugar cube in a lake a mile wide/long/deep, or the New England Journal of Medicine publishing a paper that challenged the effectiveness of one of Genentech's major drug products. What they found: Neither 10x-ers or comparison companies had substantially more good luck or bad luck events, nor did one giant piece of good luck carry a 10x company through all its success. Luck exists, but it tends to even out the playing field. What matters is Return on Luck, or how you take advantage of good luck and avoid choking. Buy a copy to keep reading! CHAPTER OUTLINE Quicklet On Jim Collins' Great By Choice: The Surprising Lessons Of How Tech Startups Succeed Over The Long Term + Introduction + About the Book + A Closer Look: Summary, Analysis, and Important Lessons + Fire Bullets Then Cannonballs: Another Look At Launching MVPs + ...and much more
Categories: Business & Economics

The Leadership Experience

The Leadership Experience

photogl/Shutterstock.co m LEADER'S BOOKSHELF Great by Choice: Uncertainty, Chaos, and Luck— Why Some Thrive Despite Them All Every company is subject to periods of instability, uncertainty, and crisis. Bad luck can strike any leader and ...

Author: Richard L. Daft

Publisher: Cengage Learning

ISBN: 9781285968339

Category: Business & Economics

Page: 528

View: 910

Equip students with the critical leadership skills and solid understanding of today's theory needed to become effective business leaders in today's turbulent times with Daft's THE LEADERSHIP EXPERIENCE, 6E. Acclaimed author Richard Daft helps students explore the latest thinking in leadership theory and contemporary practices at work within organizations throughout the world. Students will examine emerging topics, including enhancement of emotional intelligence, leadership vision and courage, leadership of virtual teams, and open innovation, and will connect those topics to recent world events such as ethical scandals and political turmoil. Packed with memorable examples and unique insights into actual leadership decisions, this full-color text includes crisp, clear visuals to reinforce the book's engaging presentation. This edition's proven applications, specifically designed for today's leadership theory and applications course, and a solid foundation grounded in established scholarly research make the topic of leadership come alive for students. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Categories: Business & Economics

Organization Theory and Design

Organization Theory and Design

Strive for a balance between order and flexibility. Great by Choice: Uncertainty, Chaos, and Luck—Why Some Thrive Despite Them All By Jim Collins and Morten T. Hansen Jim Collins, the author of the bestseller Good to Great, ...

Author: Richard L. Daft

Publisher: Cengage Learning

ISBN: 9781305533882

Category: Business & Economics

Page: 688

View: 632

Discover the most progressive thinking about organizations today as acclaimed author Richard Daft balances recent, innovative ideas with proven classic theories and effective business practices. Daft’s best-selling ORGANIZATION THEORY AND DESIGN presents a captivating, compelling snapshot of contemporary organizations and the concepts driving their success that will immediately engage any reader. Recognized as one of the most systematic, well-organized texts in the market, the 12th edition of ORGANIZATION THEORY AND DESIGN helps both future and current managers thoroughly prepare for the challenges of today’s business world. This revision showcases some of today’s most current examples and research alongside time-tested principles. Readers see how many of today’s well-known organizations thrive amidst a rapidly changing, highly competitive international environment. New learning features provide opportunities for readers to apply concepts and refine personal business skills and insights. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Categories: Business & Economics

Short Introduction to Strategic Management

Short Introduction to Strategic Management

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 8 J. Collins, M. T. Hansen, Great by Choice: Uncertainty, Chaos, and Luck – Why Some Thrive Despite Them All, Random House Business Books: London, 2011.

Author: Torben Juul Andersen

Publisher: Cambridge University Press

ISBN: 9781107031364

Category: Business & Economics

Page: 316

View: 481

Provides a concise yet rigorous introduction to strategic management and its contemporary challenges, with multiple examples, case studies and references.
Categories: Business & Economics

Turning the Flywheel

Turning the Flywheel

A Monograph to Accompany Good to Great Jim Collins ... 19Jim Collins and Morten T. Hansen, Great by Choice: Uncertainty, Chaos and Luck—Why Some Thrive Despite Them All (New York, NY: HarperBusiness, 2011), Chapter 4.

Author: Jim Collins

Publisher: Random House

ISBN: 9781473569126

Category: Business & Economics

Page: 48

View: 223

__________________ *From the author of the multi-million-copy bestseller Good to Great* ‘No matter what your walk of life, no matter how big or small your enterprise, no matter whether it’s for-profit or nonprofit, no matter whether you’re CEO or a unit leader, the question stands, How does your flywheel turn?’ – JIM COLLINS __________________ The key to business success is not a single innovation or one plan. It is the act of turning the flywheel, slowly gaining momentum and eventually reaching a breakthrough. Building upon the flywheel concept introduced in his groundbreaking classic Good to Great, Jim Collins teaches readers how to create their own flywheel, how to accelerate the flywheel’s momentum, and how to stay on the flywheel in shifting markets and during times of turbulence. Combining research from his Good to Great labs and case studies from organisations like Amazon, Vanguard, and the Cleveland Clinic which have turned their flywheels with outstanding results, Collins demonstrates that successful organisations can disrupt the world around them – and reach unprecedented success – by employing the flywheel concept.
Categories: Business & Economics

The Work Revolution

The Work Revolution

Freedom and Excellence for All Julie Clow. 2. Ibid. ... Crystal Clear: A Human-Powered Methodology for Small Teams. ... Great by Choice: Uncertainty, Chaos, and Luck—Why Some Thrive Despite Them All. New York: Harper Business, 2011. 7.

Author: Julie Clow

Publisher: John Wiley & Sons

ISBN: 9781118172056

Category: Business & Economics

Page: 272

View: 276

Embrace connectivity, increase empowerment, and achieve better work-life blending We live in a new age of global companies, hyper-access to information, and accessibility to tools that enable us to bring any idea life. Strangely, our workplaces are lagging behind the promise of this open and collaborative world. Most organizations are rule-based, top-down, dreary environments optimized for conformity and little else. The Work Revolution creates a compelling portrait of a different kind of work. “I believe that freedom in the workplace is worth fighting for and that every person and every organization can be excellent.” Julie Clow articulates the rules we follow today in our work force, the reasons they no longer work, and what we can do instead. The Work Revolution deconstructs the magic behind thriving, liberated organizations (such as Google) into clear principles that any individual, leader, and organization can adopt to create sustainable and engaging lives. Provides actionable changes anyone can make, regardless of where they work, to create a more sustainable work-life blend Details concrete ways to influence existing organizations to change Guides leaders to make tangible changes in their teams to enable greater autonomy and impact Outlines organizational culture principles that support and nurture high-performance and healthy environments, providing clear options for instituting cultural change based on specific organizational challenges Rejecting productivity Band-Aids and quick fixes, The Work Revolution conceptualizes a completely new workplace that embraces the always-connected reality to create organizations in which high achievers can sustainably thrive.
Categories: Business & Economics

The Agile Organization

The Agile Organization

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 8 Cyert, RM and March, JG (1963) A Behavioral Theory of the Firm, ... Collins, J and Hansen, MT (2011) Great By Choice: Uncertainty, chaos and luck – why some thrive despite them all, ...

Author: Linda Holbeche

Publisher: Kogan Page Publishers

ISBN: 9780749471323

Category: Business & Economics

Page: 288

View: 315

Given today's context of tough change, organizations need to be able to innovate as well as develop and implement strategy quickly and efficiently. The key to this is agility - a set of capabilities that can help organizations to rapidly adapt to changing circumstances. At the same time, resilience is also essential if benefits are going to endure over the longer term and if employees are to be kept on board. The Agile Organization focuses on how to build both agility and resilience at individual, team and organizational levels. It draws on a wealth of research, including the lived experience and learning of managers and HR and organization development (OD) professionals to show how it is possible to 'square the circle', becoming more sustainably agile while also enhancing employee engagement and resilience. The Agile Organization showcases the latest thinking - new organizational models, ground-breaking themes and case studies - that illustrate how organizations are addressing the challenge of developing organizational agility. Packed with helpful checklists and practice pointers, this book is a 'go to' guide for senior leaders and managers, HR and OD specialists who want to help bring about organizational transformation and create the new resiliently agile 'business as usual'.
Categories: Business & Economics

The Palestinian Executive

The Palestinian Executive

Perhaps the best explanation of how luck plays a role in success in the business world is presented by Collins and Hansen in their recent book titled Great by Choice: Uncertainty, Chaos and Luck – Why Some Thrive Despite Them All ...

Author: Farid A. Muna

Publisher: Routledge

ISBN: 9781317021889

Category: Business & Economics

Page: 258

View: 120

The Palestinian Executive is based on field research in the West Bank and Gaza, which involved interviewing 110 executives from 63 publicly and family-owned companies. Using a cross-cultural and contextual approach, the authors examine the leadership styles of successful senior executives and managers living and working under challenging conditions in Palestine. The book: ¢ Explores the impact of culture, environmental pressures, and harsh circumstances on doing business in Palestine ¢ Sheds light on the leadership, interpersonal, and decision-making styles of successful Palestinian executives ¢ Provides specific recommendations on how to develop future business leaders. The Palestinian Executive is an indispensable book to many, among them: CEOs, business leaders, and HR professionals who are responsible for recruiting, motivating, and developing their current and future managers; aspiring young Palestinian students, supervisors, and managers; academic scholars as well as students of cross-cultural leadership; multicultural managers and expatriates who work with or for Palestinian organizations.
Categories: Business & Economics