Good to Great Chapter 6 Quiz
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Questions and Answers

Which of the following represents the correct order of organizational types?

  • Hierarchical organization (correct)
  • Bureaucratic organization (correct)
  • Great organization (correct)
  • Start-up organization (correct)

    • Start a _______ list.

    Stop-Doing

    A culture of discipline is about action.

    False

    Do good-to-great companies always take once-in-a-lifetime opportunities? Why or why not?

    <p>The fact that something is a 'once-in-a-lifetime opportunity' is irrelevant if it doesn't fit within the three circles: passion, 'could become the best in the world at' and economic denominator.</p> Signup and view all the answers

    What are the three parts of discipline that lead to breakthrough?

    <p>Disciplined people, disciplined thought, disciplined action.</p> Signup and view all the answers

    What are the three practical disciplines for being rigorous in people decisions?

    <p>When in doubt, don't hire - keep looking. When you know you need to make a people change, act. Put your best people on your biggest opportunities, not your biggest problems.</p> Signup and view all the answers

    Why is 'who then what' better than 'what then who'?

    <p>Because if you have the right people on the bus before you drive, you have the option to change direction; whereas if you have the wrong people, you risk being stuck on the wrong path.</p> Signup and view all the answers

    A level five leader would first figure out the best idea, then assemble the best people.

    <p>False</p> Signup and view all the answers

    Which is the most effective executive compensation that helps a company go from good to great?

    <p>None of the above</p> Signup and view all the answers

    When looking for the right people, character traits and morals are the most important things to look for.

    <p>True</p> Signup and view all the answers

    What's the first stage of the Flywheel?

    <p>Level 5 leadership.</p> Signup and view all the answers

    What are the two cycles that Collins refers to?

    <p>Flywheel and the Doom Loop.</p> Signup and view all the answers

    A good-to-great transformation happens in one fell swoop.

    <p>False</p> Signup and view all the answers

    Level 5 leaders are ambitious for the company and what it stands for.

    <p>Core ideology.</p> Signup and view all the answers

    According to Jim Collins, would you rather be a Hedgehog or a Fox, and why?

    <p>Hedgehog because foxes never gain an advantage of the Hedgehog concept.</p> Signup and view all the answers

    What does BHAG stand for?

    <p>Big Hairy Audacious Goal.</p> Signup and view all the answers

    What are three concepts in Good to Great?

    <p>Level 5 Leadership, First who... then what, Confront the Brutal Facts, Hedgehog concepts, culture of discipline, technology accelerators, flywheel not doom loop.</p> Signup and view all the answers

    Even if your company forgets one of the key concepts, your company will still succeed.

    <p>False</p> Signup and view all the answers

    According to Collins, 'It is harder to build something great than to build something good.'

    <p>False</p> Signup and view all the answers

    According to Jim Collins, what do you have to have to live a meaningful life?

    <p>Meaningful Work.</p> Signup and view all the answers

    Study Notes

    Hierarchical Organization

    • Four types of organizations: hierarchical, great, bureaucratic, and start-up.

    Stop-Doing List

    • A crucial tool for focusing on essential activities by identifying what to eliminate.

    Culture of Discipline

    • Misconception: A culture of discipline is not solely about action; it requires more.

    Opportunities and Three Circles

    • Not all "once-in-a-lifetime opportunities" align with an organization's passions, capabilities, and economic viability; they must fit within three specific circles.

    Components of Discipline

    • Breakthrough results stem from three disciplines: disciplined people, disciplined thought, and disciplined action.

    People Decision Disciplines

    • Rigorous people decision practices include:
      • Don't hire when in doubt; continue searching.
      • Act decisively when a change is necessary.
      • Focus top talent on key opportunities, not just problem-solving.

    "Who Then What" Principle

    • Prioritizing the right people before deciding on a direction provides flexibility versus being constrained by poor choices.

    Level 5 Leadership

    • Level 5 leaders embody ambition for the company's mission and values rather than self-serving success.

    Executive Compensation

    • Effective compensation strategy for companies transitioning from good to great includes stock options rather than salary or bonuses.

    Character Traits in Recruitment

    • Looking for character traits and morals is essential in recruitment decisions.

    Flywheel Concept

    • The first stage of the Flywheel model is establishing Level 5 leadership, a crucial factor for sustained success.

    Cycles by Collins

    • Two distinct cycles mentioned: the Flywheel, representing momentum towards success, and the Doom Loop, indicating failure.

    Transformation Process

    • Good-to-great transformation is gradual rather than instantaneous.

    Core Ideology

    • Level 5 leaders possess a core ideology, aiming for a mission beyond personal achievements.

    Hedgehog vs. Fox Concept

    • Preference for the Hedgehog concept due to its strategic depth over the fox's opportunistic but fragmented approach.

    BHAG Definition

    • BHAG stands for Big Hairy Audacious Goal, a foundational element for inspiring and guiding organizations.

    Key Concepts in Good to Great

    • Central ideas include Level 5 Leadership, "First Who... Then What," confronting brutal facts, Hedgehog concepts, culture of discipline, technology accelerators, and the Flywheel versus Doom Loop.

    Importance of Key Concepts

    • Ignoring even one key concept jeopardizes a company's ability to succeed, underscoring the interdependencies of these principles.

    Meaningful Life Elements

    • According to Collins, meaningful work is vital for leading a fulfilling life.

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    Description

    Test your understanding of Chapter 6 from 'Good to Great' with this engaging quiz. Through flashcards, explore key concepts such as organizational structures and the essence of discipline in successful companies. Challenge yourself with true/false questions and definitions to reinforce your knowledge.

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