Great Companies
Bank of America was the comparison company studied against this company.
Wells Fargo
This person builds enduring greatness through a blend of personal humility and professional will
Level 5 Leader
The concept of 1) understanding what you can be the best in the world at, 2) understanding what drives your economic engine, and 3) understanding what you are deeply passionate about.
The Three Circles
Name one of the Great companies analyzed in the Good to Great study!
Abbot, Circuit City, Fannie Mae, Gillette, Kimberly-Clark, Kroger, Nucor, Philip Morris, Pitney Bowes, Walgreens, or Wells Fargo
This company made a bold decision to sell all of the mills!
Kimberly-Clark
The Window and the Mirror
A concept stating that to go from good to great requires a deep understanding of 3 intersecting circles translated into a simple, crystalline concept.
Hedgehog Concept
What is the Good to Great book the prequel to?
Built to Last
This company shifted from pursuing profit per store to profit per customer
Walgreens
The concept of getting the right people on the bus
First Who...Then What
A list that contains items to discontinue in order to unplug all sorts of potential junk, blockers, etc. within a company or culture.
"Stop Doing List"
What level leader were leaders at comparison companies studied in the good to great study?
Level 4
This company confronted brutal facts and changed its entire system on new customer trends in the grocery/supermarket industry.
Kroger
Retaining absolute faith that you can and will prevail in the end, regardless of difficulties while also confronting the most brutal facts of your current reality.
Stockdale Paradox
True or False: "Good to Great companies began their transformations by pioneering technology."
False - Good to Great companies used technology as an accelorator.
The concept that disappointing results lead to reactions without understanding, potentially new direction, programs, leaders, etc., and ultimately lead to no buildup or momentum throughout the company.
Doom Loop
This company pioneered the application of sophisticated manufacturing technology to make billions of low-cost, high tolerance products. (Hint: This company kept manufacturing secrets with the same fanaticism as Coca-Cola)
Gillette
True or False: "People are your most important asset"
False - "The right people are your most important asset"
The concept that taking steps forward consistent with the hedgehog concept accumulates visible results, which in turn energize people to line up, and build continuous momentum throughout the company's success.
Flywheel Effect
This group/practice makes the hedgehog concept an iterative process by asking questions, having dialogue and debate, and performing autopsies and analysis guided by the three circles.
The Council