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Grooming level 5 Managers to scale from Good to Great

Good To Great Management Scholars Academy

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Summary of "Good to great" by Jim Collins and how Management Scholars Academy can help your organization develop level 5 managers

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Page 1: Good To Great Management Scholars Academy

Grooming level 5 Managers to

scale from Good to Great

Page 2: Good To Great Management Scholars Academy

Good to Great

• A management research book by Jim Collins

• Surprising findings from tons of empirical data

• Good is the enemy to great

Page 3: Good To Great Management Scholars Academy

Good to Great - Drivers

Page 4: Good To Great Management Scholars Academy

Most Surprising Finding

Page 5: Good To Great Management Scholars Academy

Level 5 executive

• Sits on top of a hierarchy of capabilities

• Four other layers lie beneath it

• Each one is appropriate in its own right, but none

with the power of Level 5

• We do not need to move sequentially through each

level of the hierarchy to reach the top

• But to be a fully-fledged Level 5, we need the

capabilities of all the lower levels, plus the special

characteristics of level 5

Page 6: Good To Great Management Scholars Academy

Character of a level 5 executive

•One who blends genuine personal humility with

intense professional will

• Leaders at the other four levels in the hierarchy

can produce high levels of success but not enough

to elevate organizations from mediocrity to sustained

excellence

• Good-to-great transformations don’t happen

without Level 5 leadership

• Level 5 is not the only requirement for transforming

a good organization into a great one

Page 7: Good To Great Management Scholars Academy

Yin and Yang

A study in duality

Modest and willful; shy and fearless

Page 8: Good To Great Management Scholars Academy

Unwavering resolve

• Besides extreme humility, Level 5 leaders also

display tremendous professional will

• They possess inspired standards, cannot stand

mediocrity in any form, and utterly intolerant of

anyone who accept the idea that good is good

enough

Page 9: Good To Great Management Scholars Academy

Succesion Planning

• Level 5 leaders have ambition not for themselves

but for their organizations

• They routinely select superb successors

• They want to see their organizations become even

more successful in the next generation

• Level 4 leaders often fail to set up the organization

for enduring success – what better way to

demonstrate your personal greatness than that the

place falls apart after you leave

Page 10: Good To Great Management Scholars Academy

The window and the mirror

• Level 5 leaders, inherently humble, look out the

window to apportion credit – even undue credit –

to factors outside themselves

• If they cannot find a specific event or person to

give credit to, they credit God or good luck

•At the same time, they look in the mirror to

assign responsibility, never citing bad luck for

external factors when things go poorly

Page 11: Good To Great Management Scholars Academy

Can level 5 be developed?

• Those with the seed could evolve to level 5

• Capability resides in them, perhaps buried or

ignored or simply nascent

• Under the right circumstances – with self-reflection,

a mentor, a significant life experience, loving

parents, or other factors – the seed can begin to

develop

• MS Academy wants to be that mentor

• We can understand more from how they drive

Page 12: Good To Great Management Scholars Academy

Other drivers for good to great

Page 13: Good To Great Management Scholars Academy

• Good-to-great leaders start with people first and

then deal with vision and strategy second

• They get the right people on the bus,

• Move the wrong people off,

• Usher the right people to the right seats, and

• Determine where to drive it

• This is more than having the right people

Who First…What Next

Page 14: Good To Great Management Scholars Academy

Stockdale Paradox

• Spent 7 years as POW with the faith - His life

couldn’t be worse at the moment, and his life would

someday be better than ever

• Good-to-great leaders confront the most brutal

facts of their current reality, yet simultaneously

maintained absolute faith that they will prevail in the

end (Story of the farmer feeding cows)

•They held both disciplines – faith and facts – at the

same time, all the time

Confront the brutal facts

Page 15: Good To Great Management Scholars Academy

Hedgehog Concept

• The fox knows a little about

many things

• A fox is complex

• A hedgehog knows only

one big thing very well

• The hedgehog is simple

Hedgehog Wins!!

Page 16: Good To Great Management Scholars Academy
Page 17: Good To Great Management Scholars Academy

Good-to-great organizations have three forms of

discipline

1. Disciplined people – you don’t need hierarchy,

2. Disciplined thought – you don’t need bureaucracy,

and

3. Disciplined action – you don’t need excessive

controls

Combining a culture of discipline with an ethic of

entrepreneurship results in great performance

The culture of discipline

Page 18: Good To Great Management Scholars Academy

•Good-to-great organizations have a paradoxical

relationship with technology

•On the one hand they avoid jumping on new

technology bandwagons

•On the other they pioneer the application of

carefully selected technologies, making bold

farsighted investments directly linked to their

hedgehog concept

•Like turbochargers, these technology accelerators

create an explosion in flywheel momentum

Technology Accelerators

Page 19: Good To Great Management Scholars Academy

• Good-to-great transformations do not happen

overnight or in one big leap

• Rather, it starts one movement at a time, gradually

building up momentum, till there is a breakthrough

• Mediocre organizations never sustained the

breakthrough momentum but instead lurch back and

forth with radical change programmes, reactionary

moves and restructuring

Fly wheel and doom loop

Page 20: Good To Great Management Scholars Academy

• Set and share the vision

• Build discipline and governance

• Manage changes proactively

• Bring on board committed people

“Empower your future leaders with

knowledge and skills”

First steps to develop

level 5 leaders

Page 21: Good To Great Management Scholars Academy

Aligning with the project context – PM phases, processes,

knowledge areas

Break down the work and creating WBS – Project Scope

management

Assign time and people to create the Schedule – Project

Time management

Are you earning the value – Project Cost management

Proactively put out fires – Project Risk Management

Build quality into the service / product – Project Quality

Management

Tool set from the

science of management

Page 22: Good To Great Management Scholars Academy

Learning lessons from what went wrong – Ishikawa

diagram

Getting the right people on your team – Project HR

management

Telling stakeholders what they want to know – Project

communication mgmt

Getting it done by outsiders – Project Contract

management

Putting it all together as Project Management Plan –

Integration Management

Keeping it safe from hackers – Project Data and

information security

Tool set from the

science of management

Page 23: Good To Great Management Scholars Academy

First things first – Prioritized to do list

Think on your feet – Toastmasters meeting to help

extempore speaking

Presenting your case – Presentation skills esp to senior

management

To know what ticks people – Motivational theories and

change management

Keeping your team together – Team building exercises

Motivate team performance – One Minute Manager

Techniques from the

Art of management

Page 24: Good To Great Management Scholars Academy

Can you do this for me? – Delegating the correct way

Improving customer service - Along with Doctors,

optometrists, patients etc

Six hats thinking - Creative problem solving

Who you really are, matters – Professional ethics and CSR

Quality is everybody’s job – Total Quality Management

culture

How to get through those tough days – Stress

Management

Techniques from the

Art of management

Page 25: Good To Great Management Scholars Academy

Are your ready for the climb?

We want to be your Sherpas

MS Academy can conduct workshops to

help your managers learn the tools and

techniques in the art and science of mgmt

Thanks for your time

Page 26: Good To Great Management Scholars Academy

Website: http://msacademy.in/

Blog: http://msacademy.in/wordpress

PMP Boot camp: http://msacademy.in/pmp.htm

Contact Number: 9840705930

E-mail: [email protected]