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GOOD TO GREAT SUMMARY

  1. GOOD TO GREAT Why some companies make the leap………………and others don’t The most effective management book by Jim C Collins published on 16th Oct 2001 summarized in just over 10 minutes in this presentation video by TeleEdu Consulting. You can subscribe to following links on facebook / youtube. Sudhir Agarwal Principal Consultanthttps://www.facebook.com/TeleEdu.Consulting https://www.youtube/c/teleeduconsulting
  2. GOOD TO GREAT Customers are giving us 4 star ratings which is Good rating… I feel “Being Good” is quite satisfying My customer base has eroded over past few months. The competition is getting 5 stars. All this while I never tried to move from Good to Great GOOD is Enemy of GREAT Four Months Later
  3. GOOD TO GREAT “Few people attain great lives, in large part because it is so easy to settle for a good life.” Being comfortable makes one complacent Players breaking their own world record are not good. They are great. Usain Bolt has been the greatest athlete in a century.
  4. GOOD TO GREAT Good Company Level 5 Leadership First who, Then What Disciplined People Confront the Brutal Facts Hedgehog Concept Disciplined Thoughts Culture of Discipline Technology Accelerator Disciplined Action Great Company Build up FLYWHEEL EFFECT
  5. Build up Disciplined People Right People with focus on Excellence Level 5 Leadership Modest and Self Effacing Ambitious for the organization to excel Fanatic about exceptional results on sustainable basis – Self Driven Build Successors and Move on Share Praise with all and Take Blame on themselves LEVEL 5 LEADERSHIP
  6. Build up Disciplined People Are Normal and not larger than life personalities Level 5 Leadership Come from within the organization with proven track record of hard work LEVEL 5 LEADERSHIP
  7. Build up Disciplined People Level 5 Leadership LEVEL 5 LEADERSHIP Identifying Level 5 leadership Identify great results where no individual has taken the credit Practice Good to Great Concepts Invest on Personal Development, Coaching and Mentorship on potential candidates Make someone climb the ladder from within the organization
  8. Build up Disciplined People Level 5 Leadership FIRST WHO, THEN WHAT First Who, Then What? Quality of people in the team is equally as important Just the opposite of First What, Then Who which is normally the strategy You must get right people and not just good people. Having right people should precede over the strategy and vision First who, Then What After having right people, talk about what, where and how. WHO must precede HOW
  9. Build up Disciplined People Level 5 Leadership FIRST WHO, THEN WHAT The selected lot would be self motivated and driven Company without right people cannot be great. Implementation of first who, then what is critical First who, Then What
  10. Build up Disciplined People Level 5 Leadership FIRST WHO, THEN WHAT Implementation procedure has to be followed with discipline Keep on looking and hire only till right candidate is found If selection goes wrong, make the change immediately Put the best people in areas where they can generate huge opportunities First who, Then What The principle is simple. Let the WHO (Right people) debate the WHAT and HOW part Hire Slow Fire Fast
  11. Build up Disciplined People Level 5 Leadership CONFRONT BRUTAL FACTS Level 5 Leadership and Right people will help in having disciplined thoughts Disciplined People will keep Organizational Goals always above own EGO’s The first step is to acknowledge facts honestly even if they are terribly brutal Right decisions will always be based on disciplined thought process First who, Then What The key is to start with the questions rather than answers. Confront the Brutal Facts Disciplined Thoughts
  12. Build up Disciplined People Level 5 Leadership CONFRONT BRUTAL FACTS Leadership with all the answers leads just an execution team. It will fail the purpose Asking right questions without assuming the answers will make the requirement specific Probing workshops would be good setup to start with Promote debates and dialogue. Avoid coercing team First who, Then What Conduct post-mortems on wrongs / mistakes. Learning opportunities without blame Confront the Brutal Facts Disciplined Thoughts
  13. Build up Disciplined People Level 5 Leadership CONFRONT BRUTAL FACTS Empowering people to raise red flags for things needing immediate attention Established Red Flag mechanisms will break the silence typical of a hierarchy structure Encourage Red Flag Mechanisms through reconfirmation of the team on a decision made Encourage out of the box thinking First who, Then What Listen to your intuition and stay clear of ego Confront the Brutal Facts Disciplined Thoughts
  14. Build up Disciplined People Level 5 Leadership CONFRONT BRUTAL FACTS The organization becomes more resilient with capability to quickly adapt to new challenges People feel fearless in giving their 100% as the failures are accepted as learnings Encourage and Establish Duality – Stockdale Paradox First who, Then What Confront the Brutal Facts Disciplined Thoughts
  15. Build up Disciplined People Level 5 Leadership HEDGEHOG CONCEPT Understanding the difference between Fox and Hedgehog Fox is very clever and looks through all the complexity around Hedgehog is a very simple creature and don’t see any complexity around Hedgehog just pursue a single goal with all its clarity without any distraction First who, Then What Its too good at rolling its structure into a ball and protect itself. That is resilience Confront the Brutal Facts Disciplined Thoughts Hedgehog Concept
  16. Build up Disciplined People Level 5 Leadership HEDGEHOG CONCEPT G2G organizations portray Hedgehog behaviour They focus on what they are best at. They don’t get distracted Hedgehog DNA can be seen at the intersection of three things Passionate about. Best at. Drives your Economics First who, Then What Confront the Brutal Facts Disciplined Thoughts Hedgehog Concept
  17. Build up Disciplined People Level 5 Leadership HEDGEHOG CONCEPT Hedgehog DNA can be seen at the intersection of three things First who, Then What Confront the Brutal Facts Disciplined Thoughts Hedgehog Concept What you are passionate about What drives your economic engine What you can be best in the world Hedgehog Great companies identify the passion and then align the tasks Identify one area where you can be best at not what you want to be best at. Find out what one factor where you can be best at would drive profits Profits / Money is like blood flowing in the vessels. It doesn’t define us as who and what It still is the necessary ingredient to keep our survival
  18. Build up Disciplined People Level 5 Leadership HEDGEHOG CONCEPT Hedgehog DNA can be seen at the intersection of three things First who, Then What Confront the Brutal Facts Disciplined Thoughts Hedgehog Concept What you are passionate about What drives your economic engine What you can be best in the world Hedgehog This intersection of Passion, Being Best at and Creating Money is the Mantra for success G2G organizations would base their goal setting on Hedgehog concept It doesn’t happen overnight. It has to be set up involving the right people Setting up of right HC is the turning point for the organization in the G2G journey
  19. Build up Disciplined People Level 5 Leadership CULTURE OF DISCIPLINE Discipline in people would eliminate need for hierarchy First who, Then What Confront the Brutal Facts Disciplined Thoughts Hedgehog Concept Disciplined Thoughts keep everyone on track The above two followed by Disciplined actions would eliminate bureaucracy No need for excessive control on the actions of team Culture of discipline involving People and Thoughts in line with HC is the key for G2G Culture of Discipline Disciplined Action Don’t mistake Control for Discipline
  20. Build up Disciplined People Level 5 Leadership CULTURE OF DISCIPLINE Build a Culture of Discipline First who, Then What Confront the Brutal Facts Disciplined Thoughts Hedgehog Concept Promote freedom, responsibility and ownership within a defined set of framework For example, Airline pilot controlled by ATC is solely responsible for safety of plane / Pgrs Getting right people on board. (Disciplined People / Thoughts / Action) Strong Culture over Dictatorship and Uncompromised Adherence to Hedgehog Concept Culture of Discipline Disciplined Action Prepare and strictly follow “STOP DOING” list Hierarchical Organization Great Organization Bureaucratic Organization Start Up Ethic of Entrepreneurship LOW HIGH HIGH CultureofDiscipline
  21. Build up Disciplined People Level 5 Leadership TECHNOLOGY ACCELERATOR Look at Technology from the lens of HC First who, Then What Confront the Brutal Facts Disciplined Thoughts Hedgehog Concept Technology in line with HC will accelerate the momentum of actions Focus on How the Technology is used as far more important than mere adoption Set up the organization for auto pilot mode – Flywheel Concept Culture of Discipline Disciplined Action Technology Accelerator
  22. Build up Disciplined People Level 5 Leadership FLYWHEEL CONCEPT Look at Technology from the lens of HC First who, Then What Confront the Brutal Facts Disciplined Thoughts Hedgehog Concept Technology in line with HC will accelerate the momentum of actions Focus on How the Technology is used as far more important than mere adoption Set up the organization for auto pilot mode – Flywheel Concept Culture of Discipline Disciplined Action Technology Accelerator Great Company Good Company FLYWHEEL EFFECT
  23. Build up FLYWHEEL CONCEPT FLYWHEEL EFFECT BUILD MOMENTUM STEPS FORWARD IN SYNC WITH HC VISIBLE RESULTS ACCUMULATION PEOPLE LINE UP ENCOURAGED / ENERGIZED
  24. Build up FLYWHEEL CONCEPT FLYWHEEL EFFECT BUILD MOMENTUM STEPS FORWARD IN SYNC WITH HC VISIBLE RESULTS ACCUMULATION PEOPLE LINE UP ENCOURAGED / ENERGIZED PUSH REQUIRED TO START. MORE REQUIRED TO INCREASE MOMENTUM AT SOME STAGE CALLED INFLECTION POINT, IT WILL START ROLLING ON ITS OWN IN BREAKTHROUGH ZONE ENCOURAGING CONTINUED BUILDUP THUS TRANSITING INTO AUTO MODE No singular thing that made the difference. It’s about consistency involving cumulative effect over a long period of time.
  25. Hope you enjoyed watching the video Your time and patience is much appreciated Every Expert was once a Beginner Sudhir Agarwal Principal Consultant Please do subscribe my youtube channel “Teleedu Consulting”. Thanks for your encouragement https://www.facebook.com/TeleEdu.Consulting https://www.youtube/c/teleeduconsulting
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