Sunday, May 10, 2009

Good To Great

I went through "Good To Great" a few months back. I'm going through it again. It's suprising how many good observations are in it.

1. Great people are more important than great vision.
2. Great organizations have a "hedge hog" pricipal; a simple & clear statment of what they can be the worlds best at.
3. They optimize for "Profit Per Unit X" X is subtle and different for each organization. For some companies it's "Profit per customer visit." leading to decisions that can decrees the number of employees. In others it's "Profit per employee.' leading to decisions that increase the number of employees and the expectations per employee.
4. Great companies do not grow for growths sake. They only grow in ways guided by their hedge-hog pricipal, in ways that increase "Profit Per Unit X" and in ways they are passionate about.

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