From Excellence to Excellence--rethinking how to start a business

Cackle

Recently also a sneak peek, project development progress is relatively stable time to look at the book, just recently more than once heard others recommend this book, or even be respected as a must read books for entrepreneurship. After reading the feeling is really a look at decades of development of the essence of the masterpiece, regret not to see earlier. For some of the ideas in the book to summarize their own, for later forget.

The wonderful Place

This is an analysis of the development of U.S. listed companies from 1965-1995 years, with "from excellent to excellent" similar development trajectory of companies and control companies as a sample to seek the law. I also asked a mathematician to calculate the probability of the correct conclusion of this research method, the probability of the wrong hell 1/17 million, for the rigor of the analysis from the article I also very much agree with the conclusion, almost the success or failure of the higher level objective reason. The whole article structure is clear, the point of view is clear, the reference to start-up companies is very significant, compared to "long Qing" more reference value.

Excellent genes.

There are three core points:

1. 5th Level Manager : to have "peaceful and persistent, humble and fearless" quality, with personal charm to lead the team, so that the entire team to become the backbone of the company. In fact, if the manager is only a strong personal ability, the company can also develop very well, but not sustainable.

2. The ancestors of the past: the importance of human beings seem to be more than the general cognition, even the team is the first to decide what to do, the specific principles

A) Ningquewulan

b) The need for substitution is decisive.

c) Let outstanding people catch up with the future rather than clean up the mess

3. Reality but adhere to the belief: face the reality is necessary, there is no objective understanding will not have the right judgment, but the interesting is no matter how big, there is a very persistent belief but really have the chance to get out of the difficulties, I think this is a little survivor bias suspicion, But the last company is not just out of trouble but into excellence, which should be the premise.

Excellence in methodology

1. three-ring theory

A) What are you passionate about?

b) In what way can you be the best in the world

c) What drives your economic engine

2. Hedgehog Concept : The core of the three-ring theory is to refine into this hedgehog concept, can see through complex things and identify hidden patterns, grasp the essence and ignore others. This is the most core competitiveness.

3. The formation of a well -trained culture : This is the use of the above theory, you can clear the framework of its own and responsibility, crazy implementation, know what should not do!

The role of Technology

Technology is just for accelerating development, and he is not the creator of development (except for companies that provide technology). For a company of excellence, it is necessary to choose the right technology to use, and it has a strong impulse to create and transform itself.

Maintain Excellence

1. adhere to the core

2. Promoting development

3. Keep the inertia

These three points I feel no need to explain too much, go to this step to think, but adhere to the core is always must adhere to.

Feeling

The process from excellence to excellence is an iterative growth, and almost nothing happens because of a sudden shift in major decisions.

The importance of human beings is the first, the right people will naturally make the right thing, this role than the imagination is bigger.

Focus on doing what is best for solving the essential problems, and the whole development revolves around it.

From Excellence to Excellence--rethinking how to start a business