Seven characteristics of companies that went “from good to great”
Level 5 Leadership: Leaders who are humble, but driven to do what’s best for the company.
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.
Confront the Brutal Facts: The Stockdale paradox – Confront the brutal truth of the situation, yet at the same time, never give up hope.
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”)?
Culture of Discipline: Rinsing the cottage cheese.
Technology Accelerators: Using technology to accelerate growth, within the three circles of the hedgehog concept.
The Flywheel: The additive effect of many small initiatives; they act on each other like compound interest.