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This is a pretty good business book as far as they go. It doesn’t rely solely on anecdotes or, even worse, authors’ delusional ideas. People behind the book actually analysed a lot of data and base their ideas on much more solid foundations than usual. In fact, there’s hardly anything I don’t agree with and don’t believe in. It sounds like a solid approach to run business.
The problem is, there is also very few non-obvious ideas and none are counter-intuitive. It seems by analysing several good-to-great companies and figuring out the common denominator you’re left with very basic things. I mean, hiring the right people should be obvious to anyone. And doing the things you gotta do even when they’re tough. Same with sticking to what you choose and following through on your decisions and not jumping around every quarter. In 2018, being passionate about what you do is a default too. At the same time, I’m sure there are good-to-great companies which skipped some of the topic (be it flywheel or hedgehog), but were simply not included in the research to make these steps optional.
To me, the important takeaways were about the humble leaders and a confirmation that technology doesn’t make a company better, it’s the great companies that make breakthrough with existing or new tech.
As for what the book lacked is any way to understand your situation not in hindsight, but in real time. The current strategy of my company, is it what it can be best in the world at? Are the small things we do a part of the flywheel or the “doom loop”? Did we choose the right people for the concept we’re in? Book doesn’t help with it at all. We will only know after years pass, and this is what makes this book a “food for thought” kind of thing, and not really a framework.
The problem is, there is also very few non-obvious ideas and none are counter-intuitive. It seems by analysing several good-to-great companies and figuring out the common denominator you’re left with very basic things. I mean, hiring the right people should be obvious to anyone. And doing the things you gotta do even when they’re tough. Same with sticking to what you choose and following through on your decisions and not jumping around every quarter. In 2018, being passionate about what you do is a default too. At the same time, I’m sure there are good-to-great companies which skipped some of the topic (be it flywheel or hedgehog), but were simply not included in the research to make these steps optional.
To me, the important takeaways were about the humble leaders and a confirmation that technology doesn’t make a company better, it’s the great companies that make breakthrough with existing or new tech.
As for what the book lacked is any way to understand your situation not in hindsight, but in real time. The current strategy of my company, is it what it can be best in the world at? Are the small things we do a part of the flywheel or the “doom loop”? Did we choose the right people for the concept we’re in? Book doesn’t help with it at all. We will only know after years pass, and this is what makes this book a “food for thought” kind of thing, and not really a framework.