Good to Great Book Review Essay -- Good Great Business Management Essa

genuine to Great Book ReviewTo qualify a good follow to great company is all manages dream, that only few of them make it. To find out the core factors which bakshish to a good company became a great company is genuinely difficult, because in different era, different industry companies face different opportunities and threats. To draw the research for the Good-to-Great study, Jim Collins and his research team searched for companies that performed at or at a lower place the general strain market place for at least fifteen age wherefore at a transition point began to pull away(predicate) from the competition, and sustained returns of at least 3 times the general market for the next fifteen years. He started with a list of 1,435 companies and found xi that met his criteria. These eleven companies produced, on average, a return of 6.9 times the general stock market during the 15 years following the transition points. Collins chose a 15-year span to avoid one-hit wonders and lucky breaks. In the book, Collins highlights some key factors which argon the result of the research. They are rate 5 leadership, fist who then what, confront the brutal facts, the hedgehog concept, culture of discipline, and engineering triggermans, (Collins, 2001, p.12). According to Wheelen & ache, strategic management is that set of managerial decisions and actions that determines the broad-run performance of a corporation. It includes environmental scanning (both external and internal), scheme formulation (strategic or long-range planning), strategy implementation, and evaluation and control (2004, p2). All eleven good to great companies are benefit from strategic management and gain long term strategic advantage then lead to outperforming compared companies. The first factor is level 5 leadership. A leader is the soul of the company. Base on the research, every good-to-great company had level 5 leaders during the pivotal transition years. In the book, level 5 leaders embody a paradoxical blend of private humility and professional will (Collins, 2001, p.13). Darwin E. Smith is an example of lever 5 leasers. Smith transforms Kimberly-Clark into the leading paper-based consumer products company in the world within xx years. Generated cumulative stocks return 4.1 times the general market, furthermore beating its direct rivals Procter & Gamble and Scott Paper. Level 5 leaderships ambition i... ...gy not likes leader, concept, and culture it is an accelerator for the company. Good-to-great companies used technology as an accelerator of momentum, not a source of it. None of the good-to-great company began their transformations with pioneering technology, yet they all became pioneers in the application of technology once they grasped how it fit with their three circles and after they hit breakthrough (Collins, 2001, p.162). in the first place become a pioneer in the application of the technology, we have to do the external and internal scanning to see is it the technology fit our long term strategic and hedgehog concept. Generally speaking, Good-to-Great are base on six major factors leadership, staffing, information, concept, culture and technology. All these factors drive the companies good to great. Without a doubt, this is a must read for anyone in line of credit, running a business or starting a business.Reference Collins, J. (2001). Dont Good to Great Why Some Companies Make the Leapand Others. New York HarperCollins Publishers Inc. Wheelen T.L., & Hunger J.D. (2004). Strategic Management and Business Policy (9thed.). Upper Saddle River Pearson Education, Inc.