🚀 Medial just raised $500k in Pre-Series A. Tap to read the announcement. 🎉

Download App

Home

Switch theme

Blog . Feedback . Privacy
Community Guidelines

Back to feeds

2024-09-07T14:08:44.773Z

📖 DAILY BOOK SUMMARIES 📖 🚀 12 Lessons From 👍 🔥 Good To Great 🔥 By Jim Collins 💯 1. Level 5 Leadership • Leaders possess humility and professional will. They prioritize the organization’s success over personal gain and focus on long-term results 2. First Who, Then What • Successful companies get the right people on board before deciding on strategy. Hiring the best talent and aligning them with the company’s vision is crucial 3. Confront the Brutal Facts • Great companies face reality honestly, creating a culture where the truth can be addressed openly. This helps in tackling challenges effectively 4. Hedgehog Concept • Companies that excel focus on what they can be the best at, what drives their economic engine, and what they are deeply passionate about. Aligning strategy with these three intersecting circles is key 5. Culture of Discipline • Effective organizations have a disciplined culture involving disciplined people, thought, and action. This balance fosters freedom with responsibility. 6. Technology Accelerators • Technology enhances the progress of already successful companies. It’s used to accelerate growth based on the company’s Hedgehog Concept, rather than being the primary driver of success 7. Flywheel and Doom Loop • Success is achieved through consistent, incremental efforts (the flywheel effect). In contrast, companies stuck in the doom loop face repeated failures and ineffective actions 8. Stockdale Paradox • Leaders maintain unwavering faith in their success while confronting the brutal facts of their current situation. This balance is crucial for overcoming adversity 9. Bus Metaphor • The emphasis is on getting the right people on the bus and the wrong people off before determining the company’s direction. Building the right team is fundamental 10. The Genius of the AND • Great companies blend seemingly contradictory goals, such as being both disciplined and entrepreneurial. They thrive by integrating different approaches 11. Key Themes of Greatness • Common themes include focusing on core competencies, disciplined innovation, and making tough, strategic decisions for long-term success 12. Real-world examples from companies like Walgreens and Kimberly-Clark illustrate how these principles are applied in practice, showcasing their journey from good to great. 13. The Flywheel Effect • Success is a result of continuous, incremental improvements that build momentum over time. Unlike a single breakthrough, it’s about sustained effort and gradual progress 14. The Doom Loop • Companies that fail to achieve greatness often experience a cycle of reactive, short-term solutions and leadership instability, which prevents them from building momentum 🔗 For Reading and Downloading this whole for free , you can check comment section for direct download link 🔗

Anonymous

Stealth • 6m

To convert your idea into business, I need at least 100 crore rupees, and only VCs can provide that. I've prepared a pitch deck, but how do I contact VCs, present my idea to them, and get ready for a meeting?

Anonymous 2

Stealth • 6m

First and foremost, this is nonsense talk, and if you still want an answer from me, I believe you should plant a tree before having a plant, and if having a plant is more difficult, try to focus on specific branches of your tree. If you do not understand what I am saying, drop this plan immediately and go learn something for which the world respects you, and then try to say something that bold. You want to be Sam Altman lite without having anything special. If you feel comfortable sharing your idea with me, which you should be, I will offer you additional advice on how to move forward.

0 replies1 like

Recommendations from Medial

Himanshu Singh

Stealth • 9d

Any one having idea about peepul tree home decor company based out of Bangalore. Please share if any idea

1 replies2 likes

Lokesh Kabra
•

We Are Engineer • 5m

Mission greener earth! 🌏 We are taking an initiative to plant trees in our city and here is the Conclusion of 29 May 2024 meet: We discussed about multiple challenges we face while planting from economical to political. Wherein the geographical a

1 replies3 likes

Franto Nithish J

Stealth • 6m

How to will be successful in every stage ? ' If you feel like you're comfortable, Do something to make yourself to uncomfortable. That's way you will GROW 🏆. - Always take hard decisions in your Early stage of your carrer. - Don't worry

1 replies4 likes

Sairaj Kadam

Stealth • 21d

Everyone is a genius, But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.

0 replies3 likes

Anonymous

Stealth • 1m

not writting a professional structured post here but if anyone whose into game development,designing and wanna build something in gaming industry do dm me I'm having some crazy plans 💡

3 replies4 likes

Sajin
•

Foundation • 6m

Do you guys know META has 4 Playstore developer accounts?! 1. Facebook Technologies LLC - Meta Quest 2. Meta Platforms LLC - Facebook, Messenger, Workplace from Meta, Meta Ads Manager, Meta View.. 3. Instagram - Instagram, Instagram Lite, Threads

4 replies6 likes

Payal Manghnani

Stealth • 5m

Imagine a teacher at a college who not only teaches but also inspires his students to think creatively. Mr. Gupta, a former chemistry teacher, did just that. He nurtured his entrepreneurial spirit and planted the seeds of a business that grew into