From Good To Great: 7 Characteristics
Seven characteristics of companies that went “from good to great”:
1. Level 5 Leadership: Leaders who are humble, but driven to do what’s best for the company.
2. First Who, Then What: Get the right people on the bus, then figure out where to go. Finding the right people and trying them out in different positions.
3. Confront the Brutal Facts: The Stockdale paradox -Confront the brutal truth of the situation, yet at the same time, never give up hope.
4. Hedgehog Concept: Three overlapping circles: What lights your fire (“passion”)? What could you be best in the world at (“best at”) What makes you money (“driving resource”)?
5. Culture of Discipline: Rinsing the cottage cheese.
6. Technology Accelerators: Using technology to accelerate growth, within the three circles of the hedgehog concept.
7. The Flywheel: The additive effect of many small initiatives; they act on each other like compound interest.
Copyright and Source: http://en.wikipedia.org/wiki/Good_to_Great