Successful companies are not just lucky, they have specific behaviors and strategies that allow them to thrive in uncertain environments.
In "Great by Choice," Jim Collins and Morten T. Hansen analyze why some companies succeed in uncertain and chaotic environments, while others fail. They use a rigorous empirical approach to compare companies that have performed well over a long period of time with those that have not. They find that successful companies do not rely on luck, but rather on specific behaviors and strategies that allow them to thrive in uncertain environments. These behaviors include fanatic discipline, empirical creativity, productive paranoia, and a level 5 leadership style. The authors also explore the role of luck, showing that successful companies are not just lucky, but they have built systems and structures that allow them to take advantage of lucky opportunities when they arise. "Great by Choice" is a compelling and insightful book that offers practical lessons for anyone seeking to succeed in an uncertain and chaotic world.
Title: Great by Choice: Uncertainty, Chaos, and Luck - Why Some Thrive Despite Them All
Authors: Jim Collins and Morten T. Hansen
Publishing Year: 2011
Publisher: HarperBusiness
Length in hours: 8 hours and 45 minutes