Background
The transformation process is split into three stages: disciplined ______, disciplined _________, and disciplined ___________.
What is people, thought, and action?
What phrase was used to describe the creative duality present within a disciplined company?
What is "freedom, but within a framework"?
What are Collins’ two concepts of Disciplined Thought?
What are Confront The Brutal Facts and The Hedgehog Concept?
Name one of the ideas that is important to keep intact while building a culture of discipline.
What is creativity, energy, or vision?
What team won the 1991 NBA Finals and was said to have taken advantage of the Flywheel effect?
What is the Chicago Bulls?
True or False: Good to great companies were initially chosen based off if they had a cumulative stock return at or above the general stock market before they hit the breakthrough point.
What is false?
Disciplined people lead to disciplined thought which then results in...?
What is disciplined action?
How many years can you expect it to take for a company to fully develop their Hedgehog Concept?
What is four years?
Individuals that are _________ do not need bureaucratic rules to keep them in line.
What is one thing that became become popular in the 90's that created many doom loop companies?
What is the internet?
True or False: Good to great companies produced cumulative returns at least 3x the general market for 15 years after the breakthrough point.
What is true?
What is the best way to unplug all sorts of extraneous junk in our everyday lives?
What is a “stop doing” list?
What does Collins name his idea, located within the “Confront The Brutal Facts” section, that highlights the need to face the reality of challenging issues while still maintaining a belief that you will prevail?
What is The Stockdale Paradox?
When looking at hiring employees, companies should look for individuals that are in a constant pursuit of what?
What is greatness?
Name a company which uses the flywheel effect that everyone in this room has used before most likely.
What is Amazon?
How many good to great companies were analyzed?
What is 11?
Why do companies want to avoid the tyrant method?
What is when the CEO leaves, the company declines?
What three conceptual areas are vital in determining a company’s Hedgehog Concept?
What are: what the company and its leadership are passionate about, what the company can be the best in the world at, and what can drive the company’s economic engine?
What advancements must be accepted with excitement for companies to remain innovative and competitive?
What are advancements in technology?
Name a company that uses the flywheel effect that is one of the most successful investment management companies.
What is Vanguard?
Complete the phrase: __________ is the enemy of ____________.
What is good and great?
Give an example of one of the companies that declined after a “tyrant” retired.
What is Burroughs and Rubbermaid?
According to Collins’ research, what did former Walgreens CEO and president Cork Walgreen define as their Hedgehog Concept?
What is being “the best, most convenient drugstores, with high profit per customer visit.”?
All aspects of a company's culture of discipline should revolve around what concept?
Name one company that suffered from a doom loop and failed after operating for over 120 years.
What is Sears?