Good To Great

By: Sashenka Goodall

MGT 210 Professor McQuade Spring 2016

Why Some Companies Make the Leap……

And Others Don’t

Agenda

• Good to Great: 7 Principles

• Case Studies

• Q&A

Level 5 Leaders

• Personal humility and professional will

• The Window and The Mirror

• Most have the potential

The Window & The Mirror

Get the Right People on the Bus

• …And into the right seats

• Vision and strategy drive Org structure decisions

• Seek self-motivated problem-solvers

• 3 Principles of People Decisions

Confront Brutal Facts…. Yet Never Lose Faith

• Culture where the truth can be heard

• The Stockdale Paradox

• Prevents biases and avoids Groupthink

• Mintzberg's Typology and Truth

The Hedgehog and the Fox

• Hedgehogs: deceptively simple specialists– complex idea unifying battle cry

• Foxes: inefficient "jack-of-all-trades" – easily distracted by over-complicating

• Start as hedgehog– add complexity after success

The Role of IT

• Not all the tech fits a company’s needs• Tech = accelerator; Tech cause of success

• Selectively pioneer the use of new tech

• Most fads are bad

The Doom Loop & the Flywheel

• Unstoppable momentum from sustained effort

• Flywheel is positive momentum "to the moon"

• Doom Loop is negative death spiral

Recap• Level 5 Leadership• First Who, Then What • The Stockdale Paradox• More Hedgehog; Less Fox• Culture of Discipline• Tech ONLY as Accelerator• Flywheel over Doom Loop

Questions?

Comments?

Links

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