In what Collins terms a prequel to the bestseller Built to Last he wrote
with Jerry Porras, this worthwhile effort explores the way good
organizations can be turned into ones that produce great, sustained
results. To find the keys to greatness, Collins's 21-person research
team (at his management research firm) read and coded 6,000 articles,
generated more than 2,000 pages of interview transcripts and created 384
megabytes of computer data in a five-year project. That Collins is able
to distill the findings into a cogent, well-argued and instructive
guide is a testament to his writing skills. After establishing a
definition of a good-to-great transition that involves a 10-year fallow
period followed by 15 years of increased profits, Collins's crew combed
through every company that has made the Fortune 500 (approximately
1,400) and found 11 that met their criteria, including Walgreens,
Kimberly Clark and Circuit City. At the heart of the findings about
these companies' stellar successes is what Collins calls the Hedgehog
Concept, a product or service that leads a company to outshine all
worldwide competitors, that drives a company's economic engine and that a
company is passionate about. While the companies that achieved
greatness were all in different industries, each engaged in versions of
Collins's strategies. While some of the overall findings are
counterintuitive (e.g., the most effective leaders are humble and
strong-willed rather than outgoing), many of Collins's perspectives on
running a business are amazingly simple and commonsense. This is not to
suggest, however, that executives at all levels wouldn't benefit from
reading this book; after all, only 11 companies managed to figure out
how to change their B grade to an A on their own.