Components of a good to great framework
1. Process: Setting up yourselves towards greatness (Build up) and reaching a path that will lead you to greatness (Breakthrough).
> Disciplined people: Acquiring the right leader
>Disciplined thought: Deep understanding of data and generating a set of core beliefs.
>Disciplined action: Creating the right culture where the right people will work within the core beliefs.
Process of understanding what is required to be done for best results and initiating those step one by one.
These components can be broken into the following:
1. Level 5 Leader:
Jim breaks leadership into five levels, level 5 level being the highest. Organisations that aim to be great, require a level 5 leader. Some characteristics are:
2. Who before what:
3. Confront hard evidence:
4. Hedgehog concept:
Jim believes businesses that go from good to great always figure out their own Hedgehog concept, a strategy that they can employ for a very long term.
These 3 questions should be considered when forming your hedgehog concept:
▪️What do you do best in the world?
▪️Which things are you passionate about?
▪️What is the key economic indicator you should focus on?
5. Disciplined Culture:
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