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Besides the two most important reminders that this book brought along, the concept of 'level 5 leadership' and the importance of selecting the right people for the job and despite half of the book describing the methodology of their study, the books has a higher ration of trite, if common sense, ideas than strong arguments that can predict success.
The first thing to remember is that excellent leadership is not only about being a servant leader—it's also mandatory that you are a rigorous, ambitious person that relentlessly follows a vision of excellence. Even so, this seems to me easier to do than being a truly humble leader as you accumulate success and power. And here the book is thin on explanations. I wish it had touched more on how humility is neither about being weak, meek, or indecisive, nor even about shunning publicity. Humility is about a true lack of narcissism—knowing what you don't know (the overwhelming amount of dark matter out there), not underestimating your competition, listening to weird ideas, being passionately curious, and valuing substance to fluff.
Secondly, it is paramount to have the right people on the bus even before knowing the direction. This sounds very common sense, again, but in a world obsessed with fast growth it might also be the first thing to cut on. I'm a strong believer in the hiring principles of continuing to look when in doubt (but making sure you've looked thoroughly) and in being swift in making people changes when a certain formation goes against the vision and the strategy you've all agreed to pursue. Lastly, James Collins makes an interesting point about giving best people the best opportunities rather than the best problems to solve. I've seen many very talented people being crushed because they were given the responsibility of steering a sinking boat.
Overall, James Collins is not the first one to explain that grit, passion, huge amounts of work and discipline, focus, and putting understanding in front of bravado are what builds great performers, both in the individual and in the corporate spheres. In particular, the Hedgehog Concept, for which the book is usually referenced, is argued incredibly weakly but it should give managers the guideline that it's not really worth giving your best performers mandates they aren't passionate about, and this is me turning the concept onto its head towards individual performance, for the book looks at it in a corporate, macro sense.
I also share the sentiment that it is mostly backwards looking (after all, most of the "great" companies are not great companies anymore) and therefore it doesn't really make predictions and it is more about correlation than causation.
As well, while researching the criticism about this book, I've stumbled upon a nice piece in HBR which was proposing that some of these great companies should look at becoming good after all—that is to say coming back from great, which solely means exceptionally profitable, like Pepsi, who are not in the book, or Philips Morris, who are in the book, to working for the greater good.
The first thing to remember is that excellent leadership is not only about being a servant leader—it's also mandatory that you are a rigorous, ambitious person that relentlessly follows a vision of excellence. Even so, this seems to me easier to do than being a truly humble leader as you accumulate success and power. And here the book is thin on explanations. I wish it had touched more on how humility is neither about being weak, meek, or indecisive, nor even about shunning publicity. Humility is about a true lack of narcissism—knowing what you don't know (the overwhelming amount of dark matter out there), not underestimating your competition, listening to weird ideas, being passionately curious, and valuing substance to fluff.
Secondly, it is paramount to have the right people on the bus even before knowing the direction. This sounds very common sense, again, but in a world obsessed with fast growth it might also be the first thing to cut on. I'm a strong believer in the hiring principles of continuing to look when in doubt (but making sure you've looked thoroughly) and in being swift in making people changes when a certain formation goes against the vision and the strategy you've all agreed to pursue. Lastly, James Collins makes an interesting point about giving best people the best opportunities rather than the best problems to solve. I've seen many very talented people being crushed because they were given the responsibility of steering a sinking boat.
Overall, James Collins is not the first one to explain that grit, passion, huge amounts of work and discipline, focus, and putting understanding in front of bravado are what builds great performers, both in the individual and in the corporate spheres. In particular, the Hedgehog Concept, for which the book is usually referenced, is argued incredibly weakly but it should give managers the guideline that it's not really worth giving your best performers mandates they aren't passionate about, and this is me turning the concept onto its head towards individual performance, for the book looks at it in a corporate, macro sense.
I also share the sentiment that it is mostly backwards looking (after all, most of the "great" companies are not great companies anymore) and therefore it doesn't really make predictions and it is more about correlation than causation.
As well, while researching the criticism about this book, I've stumbled upon a nice piece in HBR which was proposing that some of these great companies should look at becoming good after all—that is to say coming back from great, which solely means exceptionally profitable, like Pepsi, who are not in the book, or Philips Morris, who are in the book, to working for the greater good.