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Saturday, October 27, 2018
Management and Leadership:Good to Great
Circuit City,Kroger,Pitney Bowes and so on,it's sure that many people have heard of these companies by business news or magazines.They are immensely successful in America.However,do you know why they can achieve such a big success?What kind of leader they have?
<<Good to Great>>,written by Jim Collins,can show your the secrets of these companies.Collins and his team did the research for 5 years,analyzing why they can become extraordinary despite being failed in the beginning.Of course,in this book,it reveals the valuable results of their research.
There are 6 main factors of a firm becoming constantly successful remarkable under fierce competition.
1.The Level 5 Leadership
Actually,the concept is very simple. Level 5 leaders consist of 2 main characteristics:Humble and persistent to do the right regardless of the hard situation. Certainlly,there are other characteristics that they have,like hard-work,professional and wise.However,the most important thing is that no matter they get huge success or not,they won't blame for others or be arrogant,they will think that the success is attributed to luck and keep doing their work.That's why their companies become hugely prosperous.
2.Find the right people before making any decision
It is of great significance to form a extraordinary work team since they can drive the company to a right way though the company is facing big problems.In order to allay their potential.,it is necessary that right positions and workers should be offered to them.
3.Bravely face the cruel reality
Every corporation faces different problems and challenges(no matter inside or outside of the firm).Despite of this,Holding your brief and confidence is the thing you should do as it will be failure only if you just simply give up or move to other ways.It is quite old-school,isn't it?So,how to do it better?There are 4 rules:
1.No Bureaucracy-treat everyone as the same
2.Ask question but no answer-trigger hit debate in company
3.Review your action,but no blame-scold and moan will just make things worse
4.Be realistic,not optimistic-embrace the adversity and believe that you can succeed finally.
4.Hedgehot Concept
There are 3 categories of this concept,see the picture below:
It is pretty clear to show what should a company look for if they want to become successful.Therefore,spend time to find the answer.once you find the answer,anything will be much easier as you should simply follow it.Strategy,target,brief and stuff like that,should be contributed to the answer.(The great corporations averagely take 4 year to get it)
5.Culture of Discipline
Once the main 3 categories are found,workers should also focus on them.So,it is advised that the leader should develop a system that requires every employee to follow.Of course,Don't force them to do it.Just make them become willing to do and understand the importance of the system. Remember one thing:NO Dictatorship,which is the worst thing for any company undeniably.
6.Use technology as accelerator
Technology becomes so advanced nowadays,which provides our human with tons of benefits and convenience.Yet,for a company,it should not be considered as a weapon,but an accelerator.A successful firm will utilize their techniques and machines to make their Hedgehot Concept better.If you put all the resources and effort into new technology,only failure will happen eventually.(That's why many high-tech companies cannot succeed)
The above are the major 6 factors that contribute to a enterprise's success.(if you want to see examples,just read the book😉)However,there is one important concept we should bear in mind:Every remarkable corporation doesn't succeed in one night with a single strategy,they encounter hardship,deal with it , keep doing their work and finally they become successful and famous among people.It is not only for business,but also for our life.
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