Insights on "What got you here Wont get you there"

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  • Before I start to present my insights on this book I would want to take this as an opportunity to thank Prof Arnold for introducing us to such good books & most importantly this one as all these books have shown me a new direction in life. The reason why I am emphasizing this is for a very simple reason that when I started reading this book, there were so many instances where I felt “Oh my god !! This is so much of me” I am thankful from the bottom of my heart that I was introduced to such a thought provoking book at an early stage of my career. Now coming back to this masterpiece “What got you here…wont get you there” written by Marshall Goldsmith talks of how people can change from being “Good to Great” as like the previous book which talked of companies moving towards the journey of good to great. This book is in turn extremely important & vital as when companies have to have to move upto the “Great” status it requires great people & this book focuses much on that.
  • Jim Collins frequently contributes to Harvard Business Review, Business Week, Fortune and other magazines, journals, etc
  •  is operationally defined according to a number of metrics, including, specifically, financial performance that exceeded the market average by several orders of magnitude over a sustained period of time. Using these criteria, Collins and his research team exhaustively catalogued the business literature, identifying a handful of companies that fulfilled their predetermined criteria for greatness. Then, the defining characteristics that differentiated these ‘great’ firms from their competitors were quantified and analyzed
  •  Factors such as CEO compensation, technology, mergers and acquisitions, and change management initiatives played relatively minor roles in fostering the Good to Great process. Instead, Collins found that successes in three main areas, which he terms disciplined people, disciplined thought, and disciplined action, were likely the most significant factors in determining a company’s ability to achieve greatness.
  • Insights on "What got you here Wont get you there"

    1. 1. Presented By: Hasan Ali What Got You Here Won’t Get You There By Marshall Goldsmith
    2. 2. Objectives 2  About theAuthor  Summary  Essence of “Good is the Enemy of Great”  Essence of “Level 5 Leadership”  Essence of “Confront the Brutal Facts”  Essence of “The Hedgehog Concept”  Takeaway
    3. 3. About the Author… 3 James C Collins  Born on January 25, 1958 at Boulder, Colorado USA  He is anAmerican business consultant, author and lecturer on the subject of company sustainability and growth.  Other famous books : Built to Last: Successful Habits ofVisionary Companies, How the Mighty Fall: AndWhy Some Companies Never Give In , Great by Choice: Uncertainty, Chaos, and Luck -Why SomeThrive DespiteThemAll.
    4. 4. Summary 4 Why Some Companies Make the Leap...and Others Don’t ?
    5. 5. Good is the Enemy of Great 5 471 times ROI over a period of 35 Years A few companies taken into account wereAbbott, Fannie Mae, Circuit City, Gillette, Kimberly- Clark, Kroger etc Disciplined people, disciplined thought, and disciplined action, were likely the most significant factors in determining a company’s ability to achieve greatness.
    6. 6. 6 Highly Capable Individual Contributing Team Member Competent Manager Effective Leader Level 5 ExecutiveLEVEL 5 LEVEL 4 LEVEL 3 LEVEL 2 LEVEL 1 Level 5 Leadership
    7. 7. 7 ProfessionalWill  Creates superb results, a clear catalyst in the transition from good to great  Demonstrates an unwavering resolve to do whatever must be done to produce the best long-term results, no matter how difficult  Sets the standard of building an enduring great company; will settle for nothing less  Looks in the mirror, not out the window, to apportion responsibility for poor results, never blaming other people, external factors, or bad luck Personal Humility  Demonstrates a compelling modesty, shunning public adulation; never boastful  Acts with quiet, calm determination; relies principally on inspired standards, not inspiring charisma to motivate  Channels ambition into the company, not the self; sets up successors for even greater success in the next generation  Looks out the window, not in the mirror, to apportion credit for the success of the company—to other people, external factors, and good luck
    8. 8. First Who…Then What 8
    9. 9. 9
    10. 10. Confront the Brutal Facts 10 •Two choices: confront brutal facts and change or stick head in sand •Kroger andA&P…superstores vs. low prices •You absolutely cannot make a series of good decisions without first confronting the brutal facts.
    11. 11. 11 Collins outlines a four-step process to promote awareness of emerging trends and potential problems:  Lead with questions, not answers  Engage in dialogue and debate, not coercion  Conduct autopsies without blame  Build red flag mechanisms that turn information into information that cannot be ignored
    12. 12. The Hedgehog Concept 12 So are you a Fox or a Hedgehog ?
    13. 13. 13 Hedgehog Concept Resource Engine Best At…Passion
    14. 14. 14 First be good…but once good…don’t shy away from being great !!! Takeaway

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